State Street Corp Updates Passive Stake in Donaldson Co Inc
Ticker: DCI · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 29644
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investing, amendment, form-13g
TL;DR
**State Street just updated its passive stake in Donaldson Co Inc, confirming its continued institutional holding.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 25, 2024, indicating its ownership of Donaldson Co Inc's common stock as of December 31, 2023. This filing is an update to their previous disclosures, confirming their continued significant, but passive, stake in Donaldson Co Inc. This matters to investors because State Street's large, passive holding suggests institutional confidence in Donaldson Co Inc, but also means a substantial block of shares is held by an entity not actively seeking to influence management.
Why It Matters
This filing confirms State Street Corporation's continued significant, passive ownership in Donaldson Co Inc, signaling institutional confidence without active management influence. For investors, it means a large portion of shares are held by a stable, long-term holder.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor, indicating a stable, passive ownership position with no immediate red flags.
Analyst Insight
Investors should note that a large institutional holder like State Street Corporation maintains a passive stake, suggesting stability but no immediate catalyst for change from this specific filing. It's a routine update, not a signal for immediate action.
Key Numbers
- 257651109 — CUSIP Number (Identifies Donaldson Co Inc's common stock)
- 04-2456637 — IRS Identification Number (Identifies State Street Corporation, the reporting entity)
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Donaldson Co Inc (company) — the subject company whose securities are being reported
- 04-2456637 (dollar_amount) — State Street Corporation's IRS Identification Number
- 257651109 (dollar_amount) — the CUSIP number for Donaldson Co Inc's common stock
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- State Street Corporation will maintain a significant, passive ownership stake in Donaldson Co Inc. (State Street Corporation) — high confidence, target: Next 12-18 months
FAQ
What is the purpose of this specific SC 13G/A filing by State Street Corporation?
This SC 13G/A is an amendment to a previous filing, indicating an update to State Street Corporation's ownership of Donaldson Co Inc's common stock as of December 31, 2023, under Rule 13D-1(B).
Which company is the subject of this filing, and what is its CUSIP number?
The subject company is DONALDSON CO INC, and the CUSIP number for its common stock is 257651109, as stated in the filing.
What was the 'Date of Event' that triggered this filing?
The 'DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT' was December 31, 2023, according to the filing.
What is the IRS Identification Number for the reporting person, State Street Corporation?
The IRS Identification Number for State Street Corporation is 04-2456637, as listed in the filing under 'NAME OF REPORTING PERSON'.
What type of securities are being reported in this filing?
The filing specifies that the 'TITLE OF CLASS OF SECURITIES' is COMMON STOCK of DONALDSON CO INC.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding DONALDSON Co INC (DCI).