Skip to Content

Donaldson Co Inc DCI

Rating as of

Morningstar’s Analysis

Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price


5-Star Price


Economic Moat


Capital Allocation


Donaldson Posts Strong Fiscal Q1 Results and Raises Full-Year Fiscal 2022 Guidance; Increasing FVE

Analyst Note

| Krzysztof Smalec, CFA |

Narrow-moat-rated Donaldson posted solid fiscal first-quarter results, with strong revenue growth in both segments. Despite ongoing supply-chain constraints and cost inflation, management raised its full-year fiscal 2022 outlook and anticipates operating leverage due to sales growth to help offset gross margin pressure. We’ve raised our fair value estimate for Donaldson to $57 from $55, based on the firm’s solid results and our more optimistic near-term projections. We view shares as fairly valued at current levels.

Read Full Analysis

Company Profile

Business Description

Donaldson is a leading manufacturer of filtration systems and replacement parts (including air filtration systems, liquid filtration systems, and dust, fume, and mist collectors). The company serves a diverse range of end markets, including construction, mining, agriculture, truck, and industrial. Its business is organized into two segments: engine products and industrial products. Donaldson generated approximately $2.9 billion in revenue and $385 million in operating income in its fiscal 2021.

1400 West 94th Street
Minneapolis, MN, 55431
T +1 952 887-3131
Sector Industrials
Industry Specialty Industrial Machinery
Most Recent Earnings Jul 31, 2021
Fiscal Year End Jul 30, 2022
Stock Type Cyclical
Employees 13,100