Why Is Filtration Company Donaldson Stock Jumping Premarket Today?
Portfolio Pulse from Lekha Gupta
Donaldson Company, Inc. (NYSE:DCI) shares are trading higher premarket after reporting strong Q3 FY24 results and raising EPS guidance. Sales increased by 6.0% Y/Y to $927.9 million, beating expectations. The company also raised its FY24 EPS forecast and announced an 8% increase in its quarterly dividend.
June 04, 2024 | 12:38 pm
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POSITIVE IMPACT
Donaldson Company, Inc. (NYSE:DCI) shares are up 5.63% premarket after reporting strong Q3 FY24 results, raising EPS guidance, and increasing its quarterly dividend by 8%. Sales grew 6.0% Y/Y, and adjusted EPS rose 21.7% Y/Y.
The strong Q3 results, raised EPS guidance, and increased dividend are positive indicators for investors, leading to a premarket share price increase of 5.63%.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
VanEck Environmental Services ETF (NYSE:EVX) may see a positive impact due to its exposure to Donaldson Company, which reported strong Q3 results and raised EPS guidance.
EVX has exposure to Donaldson Company, which reported strong Q3 results and raised EPS guidance, potentially benefiting the ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
VanEck Green Infrastructure ETF (NASDAQ:RNEW) may see a positive impact due to its exposure to Donaldson Company, which reported strong Q3 results and raised EPS guidance.
RNEW has exposure to Donaldson Company, which reported strong Q3 results and raised EPS guidance, potentially benefiting the ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50