Bloomington, MN-based filtration firm, Donaldson Company, Inc. DCI has charted an impressive trajectory, with shares gaining 54.1% year to date, surpassing the Zacks-categorized Pollution Control Equipment & Services industry average of 47.2%.
Donaldson entered fiscal 2017 on a high note, with fiscal first-quarter top line and bottom line estimates comfortably beating the Zacks Consensus Estimate. While sturdy top-line growth, manufacturing efficiencies and streamlined operations fuelled earnings growth, the companys revenues were driven by strong performance of both the Industrial Products and Engine Products.
These factors have propelled a bull run for the stock. Further, solid earnings estimate revisions in recent times signal that the …
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