Donaldson Co Inc

DCI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$67.00	Dvbbpc	Nywjbpjp

Donaldson Earnings: Company Remains on Track to Achieve 2024 Targets

Krzysztof Smalec ,

Nov 29, 2023

Narrow-moat-rated Donaldson reported flat sales and EPS growth, after adjusting for restructuring charges, in its fiscal first quarter of 2024. While nothing in the earnings release has altered our long-term view of the business, we've raised our fair value estimate to $65 from $63 due to time value of money.

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