BUZZ-Donaldson up after annual profit forecast raise

Reuters12-04 22:38
BUZZ-Donaldson up after annual profit forecast raise

** Filtration products maker Donaldson's DCI.N shares rise nearly 5.6% to about $92.20 in morning trading

** Co raises FY26 adj. profit and operating margin forecasts after strong Q1 results

** Now expects FY adj. EPS in the range of $3.95 to $4.11, up from its prior forecast of $3.92 to $4.08

** Sees adj. 2026 operating margin between 16.2% and 16.8%, up from a range of 16.1% to 16.7%

** DCI's Q1 sales up 3.9%, reflecting growth in replacement parts and new equipment

** One of eight brokerages rate the stock "buy" or higher and seven "hold"; their median PT is $86 - according to data by LSEG

** Including session's move, shares up 36.9% YTD

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))

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