Why Donaldson (DCI) is a Top Growth Stock for the Long-Term
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why This 1 Growth Stock Should Be On Your Watchlist
Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Donaldson (DCI)
Headquartered in Bloomington, MN, Donaldson Company, Inc is engaged in the manufacturing and selling of filtration systems and replacement parts across the world. It was founded in 1915.
DCI boasts a Growth Style Score of A and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 5.3% year-over-year for 2024, while Wall Street anticipates its top line to improve by 4.5%.
Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.04 to $3.20 per share. DCI also boasts an average earnings surprise of 4.6%.
Donaldson is also cash rich. The company has generated cash flow growth of 6.5%, and is expected to report cash flow expansion of 8.9% in 2024.
DCI should be on investors' short lists because of its impressive growth fundamentals, a good Zacks Rank, and strong Growth and VGM Style Scores.
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Donaldson Company, Inc. (DCI) : Free Stock Analysis Report
