Analyst Consensus ?
ConsensusHold14 ratings
Bullish535.7%
Neutral642.9%
Bearish321.4%
Donaldson Company, Inc. · DCI · FY2026 Q3 · Calendar Q2 2026
Donaldson posts record sales and margin as Facet expands filtration reach
Donaldson’s quarter supports a constructive operating trajectory: record sales, record operating margin and a raised organic-growth outlook indicate resilient demand and execution. The key test is whether temporary Industrial Solutions pressure, Facet integration and debt reduction can be managed without slowing the planned benefits.
Reported Before market openNYSEIndustrials
$10.05B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.06
Consensus $1.05
EPS surprise
+1.0%
Reported versus consensus
Reported revenue
$995.1M
Consensus $973.6M
Revenue surprise
+2.2%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+4.7%
Event window
SPY move
+0.1%
Same window
Abnormal move
+4.6%
Stock minus SPY
Volume
2.5×
Versus trailing sessions
Subsequent drift
+3.4%
Up to 20 sessions
DCISPY benchmark
Ask FN2 about DCI FY2026 Q3
Transcript, numbers and history already loaded
Why did DCI rise 4.7% after beating EPS estimates in FY2026 Q3?What changed in DCI's guidance and outlook in FY2026 Q3?Give me the bull and bear case for DCI after FY2026 Q3 earnings.
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Transcript intelligence
What changed
The latest quarter added record sales and operating margin, closed the Facet Filtration acquisition, introduced two products, and shifted capital allocation toward debt reduction by pausing share repurchases. FY26 organic sales guidance was raised to 3–5%.
Guidance delta
FY26 guidance was raised to 3–5% organic sales growth and refined to 15.8–16.2% operating margin. Capex remains projected at $60–75 million.
Key takeaways
- Q3 sales reached a record $995 million, up 6% year over year, with adjusted EPS of $1.06.
- Operating margin reached a record 16.6%, despite pressure in Industrial Solutions.
- Management expects Facet to add high-margin fuel and fluid filtration capabilities and $4–5 million in procurement synergies.
- Share repurchases are paused as the company reduces Facet-related debt; the dividend increased 7%.
Management priorities
- Integrate Facet Filtration while managing debt and amortization
- Ramp production at newly opened sites after plant closures
- Expand new products including Stratos Mist Collector and Lifetech filter
- Pursue disciplined M&A and target $10 million of annual footprint-optimization savings by FY27
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$86.74Previous close
$63Low
$91.45Average
$123High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Sep 24, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Baird | Outperform | Outperform | Maintain | Aug 27, 2026 |
| Stifel | Hold | Hold | Maintain | Jun 4, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Mar 9, 2026 |
| Jefferies | Buy | Buy | Maintain | Feb 3, 2026 |
| Stifel Nicolaus | Hold | Hold | Maintain | Sep 14, 2018 |
| Edward Jones | Buy | Hold | Upgrade | Mar 29, 2018 |
| Gabelli & Co. | Buy | Neutral | Upgrade | Mar 7, 2018 |
| CL King | Buy | Buy | Maintain | Jun 8, 2016 |
| Avondale Partners | Market Perform | Market Perform | Maintain | Mar 21, 2016 |
| SunTrust Robinson Humphrey | Neutral | Neutral | Maintain | Nov 3, 2015 |
| Bank of America | Underperform | Buy | Downgrade | Oct 29, 2013 |
| B of A Securities | Underperform | Buy | Downgrade | Oct 29, 2013 |
| BMO Capital | Underperform | Market Perform | Downgrade | Jul 31, 2013 |
| Oppenheimer | Perform | Perform | Maintain | Oct 19, 2012 |
Named analyst price targets
Upside is calculated against the persisted previous close $86.74. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Stifel Nicolaus | Analyst unavailable | $95 | $91.55 | +9.5% | Aug 28, 2026 |
| Robert W. Baird | Analyst unavailable | $105 | $93.97 | +21.1% | Aug 19, 2026 |
| Stifel Nicolaus | Analyst unavailable | $91 | $85.24 | +4.9% | Jun 4, 2026 |
| Wells Fargo | Analyst unavailable | $91 | $85.24 | +4.9% | Jun 4, 2026 |
| Morgan Stanley | Angel Castillo | $91 | $88.95 | +4.9% | Mar 9, 2026 |
| UBS | Analyst unavailable | $96 | $106.96 | +10.7% | Feb 24, 2026 |
| Jefferies | Analyst unavailable | $123 | $101.13 | +41.8% | Feb 2, 2026 |
| Robert W. Baird | Analyst unavailable | $110 | $101.77 | +26.8% | Feb 2, 2026 |
| Jefferies | Analyst unavailable | $120 | $93.02 | +38.3% | Jan 9, 2026 |
| Robert W. Baird | Analyst unavailable | $100 | $94.16 | +15.3% | Dec 5, 2025 |
| Stifel Nicolaus | Adam Farley | $96 | $94.16 | +10.7% | Dec 5, 2025 |
| Robert W. Baird | Analyst unavailable | $96 | $88.16 | +10.7% | Dec 3, 2025 |
| Morgan Stanley | Analyst unavailable | $84 | $88.53 | -3.2% | Nov 24, 2025 |
| Stifel Nicolaus | Adam Farley | $90 | $87.68 | +3.8% | Nov 24, 2025 |
| Robert W. Baird | Analyst unavailable | $85 | $79.67 | -2.0% | Aug 29, 2025 |
| Stifel Nicolaus | Analyst unavailable | $84 | $80.12 | -3.2% | Aug 28, 2025 |
| Stifel Nicolaus | Nathan Jones | $63 | $63.4 | -27.4% | Apr 14, 2025 |
| Robert W. Baird | Richard Eastman | $81 | $77.74 | -6.6% | Dec 2, 2024 |
| Jefferies | Laurence Alexander | $81 | $72.59 | -6.6% | Jun 4, 2024 |
| Robert W. Baird | Richard Eastman | $79 | $73.68 | -8.9% | Jun 3, 2024 |
| Morgan Stanley | Angel Castillo | $62 | $72.46 | -28.5% | Apr 15, 2024 |
| Robert W. Baird | Richard Eastman | $80 | $74.17 | -7.8% | Apr 11, 2024 |
| Morgan Stanley | Analyst unavailable | $66 | $60.75 | -23.9% | Dec 1, 2022 |
| Stifel Nicolaus | Nathan Jones | $51 | $48.71 | -41.2% | Jul 18, 2022 |
Track every rating change on DCI the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationDonaldson Company, Inc. (DCI) is a global enterprise that develops, manufactures, and distributes an extensive range of filtration systems and their corresponding replacement parts. The company's operations are strategically divided into two core business units: Engine Products and Industrial Products. The Engine Products division provides a variety of solutions, including replacement filters for both air and liquid filtration needs, comprehensive air filtration systems, and specialized liquid filtration systems designed for fuel, lubrication, and hydraulic applications. This segment also offers exhaust and emissions control technologies, alongside a suite of sensors, indicators, and monitoring systems. Its clientele primarily consists of Original Equipment Manufacturers (OEMs) within the construction, mining, agriculture, aerospace, defense, and transportation industries.…
Historical context
All DCI earningsIndustrials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| FPS Forgent Power Solutions, Inc. | FY2026 Q4 · Calendar Q3 2026 | +4.3% | +9.5% | Forgent Power Solutions pairs record results with an aggressive FY27 buildout |
| CPRT Copart, Inc. | FY2026 Q4 · Calendar Q3 2026 | -8.7% | -2.6% | Copart pairs international growth with ACV investment amid higher costs |
| SUNB Sunbelt Rentals Holdings Inc | FY2027 Q1 · Calendar Q3 2026 | +19.2% | +5.9% | Sunbelt raises FY27 outlook as specialty rental demand accelerates |
| FRO Frontline Plc | FY2026 Q2 · Calendar Q3 2026 | +8.0% | +1.0% | Frontline posts a record quarter as tanker rates remain elevated |
Latest beats and misses
Who reports nextBeat on EPS
- GISFY2027 Q1 · September 23, 2026+4.6% EPS+1.0% move
- AZOFY2026 Q4 · September 22, 2026+3.6% EPS+3.3% move
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
- KRFY2026 Q2 · September 11, 2026+2.8% EPS+2.7% move
- ADBEFY2026 Q3 · September 10, 2026+0.8% EPS+1.4% move
Get the DCI recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-06-02T15:18:43.313699+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-09-24T07:20:54.753472+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-24T07:20:54.750556+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-09-24. For educational purposes only; not investment advice.