Donaldson Company, Inc. DCI was a big mover last session, as the company saw its shares rise over 7% on the day. The upside was driven by the company’s announcement of better-than-expected top- and bottom-line results for the third quarter of fiscal 2016. This led to solid volume too with far more shares changing hands than in a normal session. Yesterday’s rally breaks the recent trend of the company, as the stock is now trading above the volatile price range of $31.80 to $33.51 in the past one-month time frame.
The company witnessed one positive estimate revision over the past 30 days. The Zacks Consensus Estimate, however, remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Donaldson currently carries a Zacks Rank #2 (Buy).
Another well-ranked stock in the Pollution Control industry is Landauer Inc. LDR, which sports a Zacks Rank #1 (Strong Buy).
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