Short interest for Donaldson gives investors a sense of the degree to which investors are betting on the decline of Donaldson's stock. Short interest data is updated every two weeks.

Donaldson Stock (NYSE:DCI), Short Interest Report

Donaldson

Donaldson is a leading manufacturer of filtration systems and replacement parts (including air filtration systems, liquid filtration systems, and dust, fume, and mist collectors). The company serves a diverse range of end markets, including construction, mining, agriculture, truck, and industrial. Its business is organized into three segments: mobile solutions, industrial solutions, and life sciences. Donaldson generated approximately $3.4 billion in revenue and $480 million in operating income in its fiscal 2023.

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Stocks are experiencing their 16th green session out of the 20 so far in November, with the S&amp;P 500 index reaching its highest level since early August, and the Nasdaq 100 just 4.4% below its all-time highs set in November 2021.

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After stocks scraped through on Wednesday, the market mood has lifted from a general increase in risk appetite. With volatility plunging, all risky bets, such as equities and cryptocurrencies, are rising higher. Crude oil prices rose solidly, and the bond yields moved lower as traders continued to discount an accommodating monetary policy environment based on the recent spate of soft data.

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Midday trading on Tuesday saw a rally in stocks as investors bet the Federal Reserve would hold off on raising interest rates amid the latest weaker-than-expected economic data. 

Stocks Surge On Dismal Jobs Data, Rate Hike Fears Ease: What&#39;s Driving Markets Tuesday?

Donaldson Co Inc

Donaldson Company, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCI#NYSE">DCI</a>) (Donaldson or the Company), a leading worldwide provider of innovative filtration products and solutions, today announced it has entered into a definitive agreement allowing the Company to purchase a&nbsp;49%&nbsp;stake in Medica S.p.A. (Medica). Medica is a leader in hollow fiber membrane filtration technology for medical device applications and water purification. Headquartered in Medolla, Italy, the Company has over 700 employees globally and generated &euro;80 million of revenue in calendar 2023.
Founded in 1985, Medica&#39;s innovative hollow fiber membrane filtration products are used for blood purification in numerous applications including dialysis, continuous renal replacement therapies (CRRT), and therapeutic apheresis. The Company&#39;s products and technologies are also used in the microbiological purification of water, as well as automation solutions for disposable medical device manufacturing.

Donaldson to Acquire 49% Stake in Medica, Financial Terms Undisclosed

Baird analyst Richard Eastman maintains Donaldson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCI#NYSE">DCI</a>) with a Outperform and raises the price target from $76 to $80.

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Baird Maintains Outperform on Donaldson, Raises Price Target to $80

WIIM

Donaldson shares are trading higher after the company reported better-than-expected Q2 earnings and raised FY24 outlook.

Operating margin is expected to improve to between&nbsp;15.0%&nbsp;and&nbsp;15.4%, up from prior&nbsp;guidance&nbsp;of between&nbsp;14.7%&nbsp;and&nbsp;15.3%&nbsp;and versus&nbsp;14.0%, or&nbsp;14.6%&nbsp;on an adjusted basis, in 2023.&nbsp;

Guidance

Donaldson Raises FY24 EPS Forecast From $3.14-$3.30 To $3.24-$3.32, Est $3.18; Sales To Increase 3%-7% Year Over Year

Donaldson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCI#NYSE">DCI</a>) reported quarterly Adj earnings of $0.81 per share which beat the analyst consensus estimate of $0.74 by 9.46 percent. This is a 8 percent increase over earnings of $0.75 per share from the same period last year. The company reported quarterly sales of $876.70 million which beat the analyst consensus estimate of $873.60 million by 0.35 percent. This is a 5.84 percent increase over sales of $828.30 million the same period last year.

Donaldson Q2 Adj EPS $0.81 Beats $0.74 Estimate, Sales $876.70M Beat $873.60M Estimate

Donaldson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCI#NYSE">DCI</a>) reported its Q2 earnings results on Wednesday, February 28, 2024 at 06:00 AM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Donaldson beat estimated earnings by 9.0%, reporting an EPS of $0.81 versus an estimate of $0.74.
Revenue was up $48.40 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.03 which was followed by a 1.0% increase in the share price the next day.
Here's a look at Donaldson's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.72</td>
<td>0.78</td>
<td>0.74</td>
<td>0.69</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.75</td>
<td>0.78</td>
<td>0.76</td>
<td>0.75</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>857.06M</td>
<td>895.95M</td>
<td>868.42M</td>
<td>837.21M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>846.30M</td>
<td>879.50M</td>
<td>875.70M</td>
<td>828.30M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Donaldson <a href="https://www.benzinga.com/quote/DCI/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Donaldson Q2 Earnings

Morgan Stanley analyst Angel Castillo initiates coverage on Donaldson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCI#NYSE">DCI</a>) with a Underweight rating and announces Price Target of $59.

Initiation

Morgan Stanley Initiates Coverage On Donaldson with Underweight Rating, Announces Price Target of $59

Stifel analyst Nathan Jones maintains Donaldson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCI#NYSE">DCI</a>) with a Hold and raises the price target from $64 to $65.

Stifel Maintains Hold on Donaldson, Raises Price Target to $65

Stocks are experiencing their 16th green session out of the 20 so far in November, with the S&amp;P 500 index reaching its highest level since early August, and the Nasdaq 100 just 4.4% below its all-time highs <a href="https://www.benzinga.com/markets">set in November 2021.</a>
The second estimate of the U.S. GDP for the third quarter revealed an expansion of 5.2% in Q3, surpassing earlier projections of 4.9%, marking the most rapid growth rate in almost two years.
Even the hawkish comments from Richmond Fed President Thomas Barkin failed to shake the stock market, and investors are now pricing in the start of rate cuts in May 2024 with an 80% probability, anticipating five cumulative cuts by December 2024 with a 58% probability.
Barkin mentioned that he is not ruling out the possibility of another rate hike, and believes that inflation will prove to be more stubborn than the Fed would prefer.
The yield on the U.S. 10-year Treasury remained below the 4.3% mark on Wednesday, staying at a level not seen in over two months.
On a different note, the Wall Street<a href="https://www.wsj.com/world/middle-east/opec-mulls-new-oil-production-cuts-amid-middle-east-conflict-f37cef80"> Journal </a>reported that OPEC+ is contemplating new oil production cuts of up to 1 million barrels per day. This move, likely to drive oil prices higher, may be announced on Thursday during a virtual meeting of the cartel.
WTI crude oil traded 1.5% higher to $77.7 a barrel as of 1:00 p.m. in New York.
<h2 class="wp-block-heading">Performance Of US Stock Indices Wednesday</h2>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.22%</td>
<td>16,041.52</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.24%</td>
<td>4,565.34</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.31%</td>
<td>35,530.44</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+1.09%</td>
<td>1,812.38</td>
</tr>
</tbody>
</table>
</figure>
<ul>
<li>The SPDR S&amp;P 500 ETF Trust&nbsp;(ARCA: <a style="font-size: revert" href="https://www.benzinga.com/stock/spy#NYSE">SPY</a>) rose 0.26% to $456.17. </li>
<li>The SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) edged 0.5% higher to&nbsp;$355.72.&nbsp; </li>
<li>The Invesco QQQ Trust&nbsp;(NASDAQ: <a href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>) rose 0.25% to $391.18. </li>
<li>The iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) soared 1.07% to $179.95, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a> </li>
</ul>
<h2 class="wp-block-heading">Chart Of The Day: The US Economy Just Had Its Best Quarter In 2 Years</h2>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="723" src="https://editorial-assets.benzinga.com/wp-content/uploads/2023/11/29141157/USGDPQQ_2023-11-29_18-11-14_3ab6a-1024x723.png" alt="" class="wp-image-152454" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2023/11/29141157/USGDPQQ_2023-11-29_18-11-14_3ab6a-1024x723.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/11/29141157/USGDPQQ_2023-11-29_18-11-14_3ab6a-300x212.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/11/29141157/USGDPQQ_2023-11-29_18-11-14_3ab6a-768x542.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/11/29141157/USGDPQQ_2023-11-29_18-11-14_3ab6a.png 1530w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h2 class="wp-block-heading">Sector, Industry ETF Performance</h2>
Real estate and financials were the sector outperformers on Wednesday, with the Real Estate Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) and the Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>), up 1.5% and 1.4%, respectively. 
Consumer staples as tracked by the Consumer Staples&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) were the laggard, down 0.8%. 
Regional banks were the spotlight among equity industries, with the SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>) up 3.4%. 
<h2 class="wp-block-heading">Stocks In Focus</h2>
<ul>
<li>General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) rallied 10% as the carmaker announced a $10 billion buyback program and raised its dividend.</li>
<li>Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) rallied nearly 12% following the release of its quarterly results. </li>
<li>Crowdstrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) rose 10% as momentum improved following its quarterly results. </li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) surged more than 25%, extending gains of over 40% over the past two sessions, ahead of next week&#8217;s earnings report. </li>
<li>NetApp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) soared over 15%, in reaction to its earnings report.</li>
<li>Other companies moving after their earnings reports are, Bilibili Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BILI#NASDAQ">BILI</a>) (down about 10%), Dollar Tree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) (up about 3.5%), Foot Locker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) (up about 17%), Donaldson Company, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCI#NYSE">DCI</a>) (up about 17%) </li>
<li>Those reporting after the close include Five Below, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>), Nutanix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>), Okta, PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>), Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), Synopsys, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>), Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), Zuora, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZUO#NYSE">ZUO</a>) and Victoria&#8217;s Secret &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>).</li>
</ul>
<h2 class="wp-block-heading">Commodities, Bonds, Other Global Equity Markets And Crypto</h2>
The United States Oil Fund, LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>), which tracks the performance of light sweet crude, was 1.5% higher. 
Gold, as monitored through the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), inched 0.3% higher to $2,046/oz. Silver edged 0.2% higher to $25.05. 
Treasury yields fell, with yields on the 2-year and 10-year note declining by 9 and 5 basis points, respectively. Long-dated Treasury yields also eased, with the 30-year yield down 4 basis points to 4.46%. The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) rallied 1%. 
European equity indices had a robust session of gains. The SPDR DJ Euro STOXX 50 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FEZ#NYSE">FEZ</a>) rose 0.8% higher. 
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was 2.7% higher to $38,241, while Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) rose 2.3% to $2,072. 
Shanthi Rexaline contributed to this report.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/23/11/35962067/cyber-monday-sales-could-hit-12-billion-5-stocks-that-could-win-big-from-e-commerce-holiday-shopping">S&amp;P 500 At 5,000 In 2024? Bank of America&#8217;s Optimistic Forecast Diversifies Beyond Magnificent 7</a>
Photo: Shutterstock.

Stocks Drift Higher On Stronger GDP Data, Oil Rebounds As OPEC+ Mulls Cuts: What's Driving Markets Wednesday?

<h3>Companies Reporting Before The Bell</h3>
&bull; CollPlant Biotechnologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLGN#NASDAQ">CLGN</a>) is likely to report quarterly loss at $0.13 per share on revenue of $3.50 million.
&bull; Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) is estimated to report quarterly earnings at $1.01 per share on revenue of $7.40 billion.
&bull; CNFinance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNF#NYSE">CNF</a>) is likely to report earnings for its third quarter.
&bull; Addex Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADXN#NASDAQ">ADXN</a>) is likely to report earnings for its third quarter.
&bull; Patterson Cos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDCO#NASDAQ">PDCO</a>) is estimated to report earnings for its second quarter.
&bull; Zhihu (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZH#NYSE">ZH</a>) is likely to report earnings for its third quarter.
&bull; Nordic American Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAT#NYSE">NAT</a>) is expected to report earnings for its third quarter.
&bull; Bilibili (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BILI#NASDAQ">BILI</a>) is likely to report earnings for its third quarter.
&bull; Construction Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROAD#NASDAQ">ROAD</a>) is projected to report earnings for its fourth quarter.
&bull; Foot Locker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) is estimated to report quarterly earnings at $0.25 per share on revenue of $1.97 billion.
&bull; Farfetch (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTCH#NYSE">FTCH</a>) is projected to report quarterly loss at $0.14 per share on revenue of $637.98 million.
&bull; Petco Health and Wellness (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) is projected to report quarterly earnings at $0.02 per share on revenue of $1.51 billion.
&bull; Vestis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSTS#NYSE">VSTS</a>) is expected to report earnings for its fourth quarter.
&bull; Donaldson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCI#NYSE">DCI</a>) is estimated to report quarterly earnings at $0.72 per share on revenue of $857.06 million.
&bull; Hormel Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) is expected to report quarterly earnings at $0.45 per share on revenue of $3.27 billion.
&bull; Global Blue Gr Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GB#NYSE">GB</a>) is projected to report earnings for its second quarter.
<h3>Companies Reporting After The Bell</h3>
&bull; Victoria&#39;s Secret (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) is likely to report quarterly loss at $0.78 per share on revenue of $1.27 billion.
&bull; Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) is projected to report earnings for its third quarter.
&bull; Synopsys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) is estimated to report earnings for its fourth quarter.
&bull; PVH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) is estimated to report quarterly earnings at $2.73 per share on revenue of $2.41 billion.
&bull; Five Below (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>) is projected to report quarterly earnings at $0.23 per share on revenue of $725.38 million.
&bull; Carlyle Credit Income (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCIF#NYSE">CCIF</a>) is expected to report earnings for its fourth quarter.
&bull; Lizhi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIZI#NASDAQ">LIZI</a>) is likely to report earnings for its third quarter.
&bull; JOYY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YY#NASDAQ">YY</a>) is expected to report quarterly earnings at $0.69 per share on revenue of $560.56 million.
&bull; Noah Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOAH#NYSE">NOAH</a>) is expected to report earnings for its third quarter.
&bull; Arrowhead Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARWR#NASDAQ">ARWR</a>) is projected to report quarterly loss at $0.60 per share on revenue of $50.73 million.
&bull; Ncino (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNO#NASDAQ">NCNO</a>) is projected to report quarterly earnings at $0.11 per share on revenue of $120.63 million.
&bull; Zuora (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZUO#NYSE">ZUO</a>) is likely to report earnings for its third quarter.
&bull; Pure Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSTG#NYSE">PSTG</a>) is expected to report earnings for its third quarter.
&bull; Credo Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) is projected to report earnings for its second quarter.
&bull; La-Z-Boy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>) is projected to report earnings for its second quarter.
&bull; Nutanix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>) is projected to report quarterly earnings at $0.17 per share on revenue of $501.32 million.
&bull; Okta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) is projected to report earnings for its third quarter.
&bull; Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) is likely to report earnings for its third quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

ADXN

ARWR

CCIF

CLGN

CRDO

FTCH

LIZI

NCNO

NOAH

PSTG

ROAD

VSTS

WOOF

Earnings Scheduled For November 29, 2023

After stocks scraped through on Wednesday, the market mood has lifted from a general increase in risk appetite. With volatility plunging, all risky bets, such as equities and cryptocurrencies, are rising higher. Crude oil prices rose solidly, and the bond yields moved lower as traders continued to discount an accommodating monetary policy environment based on the recent spate of soft data.
The revised third-quarter GDP report and a Fed speech scheduled for the day could also offer some cues for trading.
Cues From Tuesday&#8217;s Trading:
U.S. stocks ended Tuesday&#8217;s lackluster session on a modestly positive note, thanks to a pullback in bond yields amid the release of soft data. The major averages opened slightly lower but cut their losses over the morning session and rose to their highs by early afternoon trading.
Although the Dow Industrials stayed above the unchanged line through the remainder of the session, it closed well off the highs of the session. The 30-stock blue-chip average settled at the highest level since August 4.
The Nasdaq Composite and the S&amp;P 500 indices gave back their gains in the afternoon and flitted in and out of the unchanged line before closing modestly higher.
Among the economic reports, the results of two separate house price surveys showed a slight slowdown in house price growth in September. Conference Board&#8217;s consumer confidence index rose in November, although a downward revision to the previous month&#8217;s reading took some sheen off the reading.
LPL Financial Chief Economist Jeffery Roach sees a silver lining in the cloud. The economist said that much of how consumer spending will pan out depends on the job market. &#8220;As the labor market cools, investors should expect consumer spending to slow down,&#8221; he said. 
Roach also pencils in a weaker job report for November and sees the Fed keeping unchanged at current levels at the December rate-setting meeting.
 US Index Performance On Tuesday
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.29%</td>
<td>14,281.76</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.10%</td>
<td>4,554.89</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.24%</td>
<td>35,416.98</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.4%</td>
<td>1,792.81</td>
</tr>
</tbody>
</table>
</figure>
Analyst Color:
Commenting on the market movement, fund manager Louis Navellier said stocks were treading water with the CBOE Volatility Index, or VIX, near historic lows. &#8220;A sub-13 VIX indicates that not many investors want to short the market going into year-end,&#8221; he said, adding that the index has dropped&nbsp;from 20 only a month ago and has rarely been much lower in the last 30 years.&nbsp;
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2023/11/29055642/image-18.png" alt="" class="wp-image-152165" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2023/11/29055642/image-18.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/11/29055642/image-18-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Chart Courtesy of Benzinga
That said, the fund manager sounded a word of caution. &#8220;While this is comforting that the recent gains will likely hold, it also leaves the VIX with only one way to go from here,&#8221; he said. &#8220;In the past, it hasn&#8217;t&nbsp;stayed this low for long.&#8221;
&#8220;Being up 10% in 4 weeks takes a little digestion, but&nbsp;the wind remains at the market&#8217;s back, and the next move is more likely higher than lower,&#8221; Navellier said.
Futures Today
 Futures Performance On Wednesday
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.52%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.39%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.21%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.67%</td>
</tr>
</tbody>
</table>
</figure>
<a href="https://www.benzinga.com/premarket/">In premarket trading</a> on Wednesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) jumped 0.41% to $456.80, and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 0.56% to $392.37, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Upcoming Economic Data:
The Mortgage Bankers Association will release the weekly mortgage applications volume at 7 a.m. ET. Mortgage applications volume for the week ended November 17 rose a seasonally adjusted 3% from the previous week. On an unadjusted basis, the index was down 0.1%. The increase followed a 30-year fixed mortgage rate dip to 7.41 percent, the lowest rate in two months, amid a pullback in bond yields.
The Bureau of Economic Analysis is scheduled to release the second read of third-quarter GDP data at 8:30 a.m. ET. Advance estimate released in late October showed the GDP growing at a robust annualized quarter-over-quarter rate of 4.9%, more than double the pace of the 2.1% rate seen for the second quarter. Traders may closely monitor the GDP price index and core personal consumption expenditure index. 
The Energy Information Administration will release the weekly Petroleum Status report at 10:30 a.m. ET.
Cleveland Fed President Loretta Mester speaks is scheduled to speak at 1:45 a.m. ET.
The Fed is due to release the Beige Book report at 2 p.m. ET. The report is a compilation of anecdotal evidence of economic conditions in the 12 Federal Reserve districts.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Stocks In Focus:
<ul>
<li>Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) rallied nearly 9% in premarket trading following the release of its quarterly results.</li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) tacked on its gains and traded up over 10%.</li>
<li>Okta, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) fell about 7% on disclosure regarding a data breach.</li>
<li>NetApp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) soared over 12%, also in reaction to its earnings report.</li>
<li>Bilibili Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BILI#NASDAQ">BILI</a>), Dollar Tree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>), Foot Locker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>), Donaldson Company, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCI#NYSE">DCI</a>), and Patterson Companies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDCO#NASDAQ">PDCO</a>) are among the notable companies announcing their quarterly results ahead of the market open.</li>
<li>Those reporting after the close include Five Below, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>), Nutanix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>), Okta, PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>), Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), Synopsys, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>), Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), Zuora, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZUO#NYSE">ZUO</a>) and Victoria&#8217;s Secret &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>).</li>
</ul>
Commodities, Bonds, Other Global Equity Markets:
Crude oil futures climbed 1.53% to $77.58 in early European session on Wednesday following Tuesday's 2.07% rally. The upside is under the twin impact of the dollar weakness and apprehensions ahead of Thursday&#8217;s OPEC+ meeting.
The benchmark 10-year Treasury note fell 0.046% percentage points to 4.29% on Wednesday.
In the currency market, the U.S. dollar is firmer against most major currencies, except for the Swiss franc and the Canadian dollar.
Reflecting the rise in risk appetite, cryptocurrencies rallied hard, with the apex crypto, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), trading above the $38,000 mark.
The sentiment in Asia was mostly negative, with the sharply declining Hong Kong and Chinese markets. The New Zealand market ended flat with a slight negative bias as the nation&#8217;s central bank left key interest rates unchanged at its November meeting, in line with expectations. 
European stocks advanced strongly and were solidly higher in late-morning trading on Wednesday, encouraged by the tamer German inflation data. 
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/11/35977997/magnificent-7-or-bust-chamath-palihapitiya-says-mega-cap-stocks-approach-heady-valu">Magnificent 7 Or Bust? Chamath Palihapitiya Says Mega-Cap Stocks Approach &#8216;Heady&#8217; Valuation — Explains Why So Much Money Sits On Sidelines</a>

US Stocks On Track For Strong Start With VIX Plunging: Why This Analyst Says Next Move 'More Likely Higher Than Lower'

Donaldson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCI#NYSE">DCI</a>) reported its Q1 earnings results on Wednesday, November 29, 2023 at 06:00 AM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Donaldson beat estimated earnings by 4.17%, reporting an EPS of $0.75 versus an estimate of $0.72.
Revenue was down $1.00 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $0.0 which was followed by a 0.44% increase in the share price the next day.
Here's a look at Donaldson's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.78</td>
<td>0.74</td>
<td>0.69</td>
<td>0.71</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.78</td>
<td>0.76</td>
<td>0.75</td>
<td>0.75</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>895.95M</td>
<td>868.42M</td>
<td>837.21M</td>
<td>827.04M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>879.50M</td>
<td>875.70M</td>
<td>828.30M</td>
<td>847.30M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Donaldson <a href="https://www.benzinga.com/quote/DCI/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Donaldson Q1 Earnings

Fiscal 2024&nbsp;Outlook
Consistent with the prior&nbsp;outlook, full-year EPS is forecast to be between&nbsp;$3.14&nbsp;and&nbsp;$3.30, compared with fiscal 2023 GAAP and adjusted EPS of&nbsp;$2.90&nbsp;and&nbsp;$3.04, respectively. Sales are expected to increase between&nbsp;3%&nbsp;and&nbsp;7%&nbsp;year over year, with a pricing benefit of approximately&nbsp;2%&nbsp;and a currency translation tailwind of roughly&nbsp;1%.
Mobile sales are forecast to increase between&nbsp;1%&nbsp;and&nbsp;5%&nbsp;versus 2023. Softening end-market conditions, including in China, are expected to drive a mid-single digit decline in Off-Road sales and flat On-Road sales versus prior year. Aftermarket sales are projected to increase mid-single digits as a result of higher vehicle utilization rates and market share gains.
Industrial sales are expected to increase between&nbsp;3%&nbsp;and&nbsp;7%&nbsp;compared with prior year. Strength in Power Generation and dust collection sales is forecast to drive mid-single digit growth in IFS. Aerospace and Defense sales are projected to increase mid-single digits due to robust end-market conditions and market share gains.
Life Sciences sales are forecast to grow approximately&nbsp;20%&nbsp;compared with 2023 benefitting from increases across all businesses including Food &amp; Beverage, Bioprocessing Equipment and Consumables, and Disk Drive.
Operating margin is expected to be between&nbsp;14.7%&nbsp;and&nbsp;15.3%&nbsp;versus&nbsp;14.0%, or&nbsp;14.6%&nbsp;on an adjusted basis, in 2023 with year-over-year gross margin improvement partially offset by investments in the Life Sciences segment.
Interest expense is forecast to be approximately&nbsp;$23 million&nbsp;and other income is expected to be between&nbsp;$7 million&nbsp;and&nbsp;$11 million. Donaldson projects a fiscal 2024 effective income tax rate of between&nbsp;24%&nbsp;and&nbsp;26%.
Capital expenditures are forecast to be between&nbsp;$95 million&nbsp;and&nbsp;$115 million&nbsp;and free cash flow conversion is expected to be between&nbsp;95%&nbsp;and&nbsp;105%. For the full year, Donaldson anticipates repurchasing approximately&nbsp;2%&nbsp;of its shares outstanding.

Donaldson Reaffirms FY24 Guidance: Expects EPS Of $3.14-$3.30; Adjusted EPS Of $2.90-$3.04 Vs. Consensus Of $3.18; Sees Sales Growth Of 3%-7% YoY

Donaldson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCI#NYSE">DCI</a>) reported quarterly adjusted earnings of $0.75 per share which beat the analyst consensus estimate of $0.72 by 4.17 percent. This is unchanged from the same period last year. The company reported quarterly sales of $846.30 million which missed the analyst consensus estimate of $857.06 million by 1.26 percent. This is a 0.12 percent decrease over sales of $847.30 million the same period last year.

Donaldson Q1 Adj EPS $0.75 Beats $0.72 Estimate, Sales $846.30M Miss $857.06M Estimate

Donaldson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCI#NYSE">DCI</a>) is set to give its latest quarterly earnings report on Wednesday, 2023-11-29. Here's what investors need to know before the announcement.
Analysts estimate that Donaldson will report an earnings per share (EPS) of $0.72. 
Donaldson bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company missed EPS by $0.00, which was followed by a 0.44% increase in the share price the next day.
Here's a look at Donaldson's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.78</td>
<td>0.74</td>
<td>0.69</td>
<td>0.71</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.78</td>
<td>0.76</td>
<td>0.75</td>
<td>0.75</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.44%</td>
<td>1.04%</td>
<td>0.87%</td>
<td>-0.31%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1701180096_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Donaldson were trading at $59.86 as of November 27. Over the last 52-week period, shares are down 1.74%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/DCI/earnings">To track all earnings releases for Donaldson visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview For Donaldson

Andrew C Dahlgren, President at Donaldson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCI#NYSE">DCI</a>), reported a large exercise of company stock options on October 12, according to a new SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000029644/000002964423000122//Archives/edgar/data/29644/000002964423000122/0000029644-23-000122-index.htm">U.S. Securities and Exchange Commission</a> on Thursday showed that Dahlgren, President at Donaldson, a company in the Industrials sector, just exercised stock options worth 2,500 shares of DCI stock with an exercise price of $42.05.
Donaldson shares are trading down 0.0% at $61.09 at the time of this writing on Friday morning. Since the current price is $61.09, this makes Dahlgren's 2,500 shares worth $152,725.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Important Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000029644">Check Out The Full List Of Donaldson's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

President at Donaldson Exercises Options Worth $152K

Tod E Carpenter, Chairman at Donaldson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCI#NYSE">DCI</a>), reported a large acquisition of company stock options on September 25, according to a new SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000029644/000002964423000091//Archives/edgar/data/29644/000002964423000091/0000029644-23-000091-index.htm">U.S. Securities and Exchange Commission</a> on Monday showed that Carpenter, Chairman at Donaldson, a company in the Industrials sector, was just awarded stock options worth 134,800 shares of DCI. The options give Carpenter the right to buy the company's stock at $59.66 per share.
Donaldson shares are trading down 0.78% at $59.71 at the time of this writing on Tuesday morning. Since the current price is $59.71, this makes Carpenter's 134,800 shares worth $8,048,908.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000029644">Check Out The Full List Of Donaldson's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Donaldson Chairman Awarded $8.05M Worth of Stock Options

Amy C Becker, Chief Legal Officer at Donaldson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCI#NYSE">DCI</a>), reported a large acquisition of company stock options on September 25, according to a new SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000029644/000002964423000087//Archives/edgar/data/29644/000002964423000087/0000029644-23-000087-index.htm">U.S. Securities and Exchange Commission</a> on Monday showed that Becker, Chief Legal Officer at Donaldson, a company in the Industrials sector, was just awarded stock options worth 21,200 shares of DCI. The options give Becker the right to buy the company's stock at $59.66 per share.
Donaldson shares are trading down 0.78% at $59.71 at the time of this writing on Tuesday morning. Since the current price is $59.71, this makes Becker's 21,200 shares worth $1,265,852.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Important Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000029644">Check Out The Full List Of Donaldson's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Chief Legal Officer at Donaldson Acquires Company Stock Options Worth 21,200 Shares

Andrew C Dahlgren, President at Donaldson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCI#NYSE">DCI</a>), reported a large acquisition of company stock options on September 25, according to a new SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000029644/000002964423000093//Archives/edgar/data/29644/000002964423000093/0000029644-23-000093-index.htm">U.S. Securities and Exchange Commission</a> on Monday showed that Dahlgren, President at Donaldson, a company in the Industrials sector, was just awarded stock options worth 17,200 shares of DCI. The options give Dahlgren the right to buy the company's stock at $59.66 per share.
Donaldson shares are trading down 0.78% at $59.71 at the time of this writing on Tuesday morning. Since the current price is $59.71, this makes Dahlgren's 17,200 shares worth $1,027,012.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000029644">Check Out The Full List Of Donaldson's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

President at Donaldson Acquires Company Stock Options Worth 17,200 Shares

Richard B. Lewis, President at Donaldson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCI#NYSE">DCI</a>), reported a large acquisition of company stock options on September 25, according to a new SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000029644/000002964423000097//Archives/edgar/data/29644/000002964423000097/0000029644-23-000097-index.htm">U.S. Securities and Exchange Commission</a> on Monday showed that Lewis, President at Donaldson, a company in the Industrials sector, was just awarded stock options worth 22,500 shares of DCI. The options give Lewis the right to buy the company's stock at $59.66 per share.
Donaldson shares are trading down 0.78% at $59.71 at the time of this writing on Tuesday morning. Since the current price is $59.71, this makes Lewis's 22,500 shares worth $1,343,475.
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<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000029644">Check Out The Full List Of Donaldson's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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