# Donaldson Company, Inc. (DCI)

> Source: Nexqual · https://nexqual.com/DCI · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Donaldson Company, Inc. (DCI), nexqual.com/DCI" · informational, not investment advice.

**Price:** USD 86.12 (-2.85% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 88.65 · day 85.06–87.42 · 52w 79.61–112.84 · market cap $9.97B · NYQ

## Key facts
- Last four reported quarters (through Jul 31, 2026): revenue $3.89B, net income $454M (11.7% margin), free cash flow $426M (SEC filings).
- Valuation: P/E 22.0x (avg 23.4x at the last 3 fiscal year-ends), EV/EBITDA 15.7x, net debt $1.08B.
- 3 of 80 tracked superinvestors hold DCI (13F, Q2 2026): 0 new, 0 added, 2 reduced, 1 unchanged.
- Insider open-market sales, last ~7 months: 3 Form 4 filings, $5.0M; 3 not under a Rule 10b5-1 plan ($5.0M); 1 by opportunistic insiders (1 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 3.00 on a 1–5 scale) (8 analysts), mean target USD 100.4 (range 79–123).
- Total return with dividends: 1Y +4.7% vs S&P 500 +14.9%; 5Y +55.5% vs S&P 500 +80.3%.
- Next earnings: 2026-08-26, EPS estimate USD 0.97, revenue estimate $1.02B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.31B | $3.43B | $3.59B | $3.69B | $3.89B | $3.89B |
| Gross profit | $1.07B | $1.16B | $1.27B | $1.29B | $1.35B | — |
| Operating income | $444M | $480M | $544M | $495M | $600M | $600M |
| Net income | $333M | $359M | $414M | $367M | $454M | $454M |
| EPS (diluted) | $2.66 | $2.90 | $3.38 | $3.05 | $3.85 | — |
| Free cash flow | $167M | $426M | $407M | $340M | $426M | $426M |
| Gross margin | 32.3% | 33.8% | 35.5% | 34.8% | 34.6% | — |
| Operating margin | 13.4% | 14.0% | 15.2% | 13.4% | 15.4% | 15.4% |
| Net margin | 10.1% | 10.5% | 11.5% | 9.9% | 11.7% | 11.7% |
| Revenue growth | +15.9% | +3.8% | +4.5% | +2.9% | +5.3% | — |
| Cash + short-term investments | $193M | $187M | $233M | $180M | $250M | — |
| Total debt | $650M | $658M | $538M | $671M | $1.33B | — |
Fiscal years end Jul. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jul 31, 2026)
P/E 22.0x · P/S 2.6x · EV/EBITDA 15.7x · EV/Sales 2.8x · P/FCF 23.4x · P/B 5.7x · FCF yield 4.27% · Earnings yield 4.55% · Dividend yield (paid, TTM) 1.42% · Buyback yield (TTM) 1.11% · Net debt $1.08B · EV $11.1B
P/E at fiscal year-ends: Jul 2026 24.5x, Jul 2025 23.6x, Jul 2024 22.2x.

## Superinvestors (SEC 13F-HR, Q2 2026)
3 of 80 tracked investors hold DCI. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Mairs & Power | Mairs & Power Funds | 0.38% | $41.6M | Reduced -7.1% |
| Jensen Investment Management |  | 0.03% | $1.2M | Reduced -41.9% |
| First Eagle Investment | First Eagle Investment Management | <0.01% | $287K | Unchanged |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 3 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-04 | Carpenter Tod E. | Chairman, President and CEO | 31,968 | $2.9M | 9% | No | Too little history (no open-market trades in 2023) |
| 2026-08-31 | Carpenter Tod E. | Chairman, President and CEO | 3,032 | $276K | 0.9% | No | Too little history (no open-market trades in 2023) |
| 2026-04-10…2026-04-14 | Owens James | Director | 19,800 | $1.8M | 46.7% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Hold (mean 3.00 on a 1–5 scale), 8 analysts; mean target USD 100.4 (low 79, high 123).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-29 | Morgan Stanley | Target raised | Equal-Weight | $91 → $95 |
| 2026-08-27 | Baird | Target raised | Outperform | $105 → $110 |
| 2026-08-19 | Baird | Target raised | Outperform | $95 → $105 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +4.7% | +55.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +4.7% | +9.2% |
| Volatility (annualized) | 26.3% | 21.8% |
| Max drawdown | -26.1% (Feb 2026→May 2026) | -25.2% (Feb 2026→May 2026) |

## Peers (Specialty Industrial Machinery)
CR (Crane Company) USD 189.05 -7.52% · GNRC (Generac Holdlings Inc.) USD 188.02 -7.44% · GGG (Graco Inc.) USD 69.28 -15.32% · INIO (INNIO N.V.) USD 15.11 -10.43% · WTS (Watts Water Technologies, Inc.) USD 356.94 -1.78% · IEX (IDEX Corporation) USD 226.88 -3.63%

## More
Full page: https://nexqual.com/DCI · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-07-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Mobile Solutions | $634.9M | 60.0% | +7.9% |
| Industrial Solutions | $333.5M | 31.5% | +7.7% |
| Life Sciences | $90.4M | 8.5% | +9.7% |
| Total revenue | $1.06B | 100% | — |

## Revenue by product line (quarter ended 2026-07-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Aftermarket Products | $511.6M | 48.3% | +9.4% |
| Industrial Filtration Solutions Products | $257.2M | 24.3% | -2.0% |
| Off Road Products | $94.7M | 8.9% | +0.1% |
| Aerospace & Defense Products | $76.3M | 7.2% | +61.3% |
| On Road Products | $28.6M | 2.7% | +8.7% |
| Total revenue | $1.06B | 100% | — |
The lines above cover 91.5% of total revenue.

## Revenue by region (quarter ended 2026-07-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| U.S. and Canada | $444.8M | 42.0% | +8.3% |
| EMEA | $319.1M | 30.1% | +6.9% |
| APAC | $186.2M | 17.6% | +9.3% |
| LATAM | $108.7M | 10.3% | +7.3% |
| Total revenue | $1.06B | 100% | — |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-10-31) | $0.97 | $1.02 | -5.5% | $1.02B | 6 |
| Next quarter (ends 2027-01-31) | $0.90 | $0.95 | -5.9% | $978.8M | 6 |
| Current fiscal year (ends 2027-07-31) | $4.33 | $4.37 | -1.0% | $4.19B | 8 |
| Next fiscal year (ends 2028-07-31) | $4.86 | $4.87 | -0.3% | $4.40B | 8 |