Donaldson Company (DCI): Shares cycle in bullish 'flag' pattern

Filed under: Earnings reports, Caterpillar (CAT), Technical Analysis, Stocks to Buy

Donaldson Company (NYSE: DCI) manufactures filtration systems. The Engine Products segment makes air intake, exhaust and liquid filtration systems for the construction, industrial, mining, agriculture and transportation markets. The Industrial Products segment provides dust, fume, and mist collectors and air filtration systems used in industrial gas turbines, computer disk drives and manufacturers' clean rooms. Caterpillar (NYSE: CAT) accounts for over ten percent of Donaldson's sales.

The company surprised investors last week, when it reported fiscal Q3 EPS of 57 cents and revenues of $587.8 million. Analysts had been looking for 51 cents and $540.4 million. Management also guided FY08 EPS to $2.08-$2.13, versus consensus of $2.07. Donaldson said it expects full-year industrial product sales to grow by 17-19%. Engine product sales were seen growing 11-13%.

Continue reading Donaldson Company (DCI): Shares cycle in bullish 'flag' pattern

Permalink | Email this | Comments

<map name="google_ad_map_145-1218142"><area href="http://imageads.googleadservices.com/pagead/imgclick/145-1218142?pos=0" shape="rect" coords="1,2,367,28" /><area href="http://services.google.com/feedback/abg" shape="rect" coords="384,10,453,23" /></map>