State Farm Discloses 5.04% Stake in Donaldson Co Inc
Ticker: DCI · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 29644
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**State Farm still owns 5.04% of Donaldson Co Inc, showing continued institutional interest.**
AI Summary
State Farm Mutual Automobile Insurance Company and State Farm Life Insurance Company, collectively referred to as State Farm, filed an amended SC 13G/A on February 12, 2024, disclosing their beneficial ownership in Donaldson Co Inc. As of December 31, 2023, State Farm Mutual Automobile Insurance Company holds sole voting and dispositive power over 6,054,000 shares, representing 5.04% of Donaldson's common stock. This filing indicates a significant, but not controlling, institutional stake, which can influence investor confidence and potentially signal long-term stability for Donaldson Co Inc.
Why It Matters
This filing shows a major institutional investor, State Farm, maintains a significant stake in Donaldson Co Inc, which can be a vote of confidence for current and prospective shareholders.
Risk Assessment
Risk Level: low — The filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a degree of market confidence.
Analyst Insight
Investors should note the continued significant institutional ownership by State Farm, which can be a positive signal for long-term stability, but this filing alone doesn't suggest immediate price catalysts.
Key Numbers
- 6,054,000 — Shares Beneficially Owned (The aggregate amount of Donaldson Co Inc common stock beneficially owned by State Farm Mutual Automobile Insurance Company as of December 31, 2023.)
- 5.04 % — Percent of Class (The percentage of Donaldson Co Inc's common stock represented by the shares beneficially owned by State Farm Mutual Automobile Insurance Company.)
- December 31, 2023 — Date of Event (The date that triggered the requirement for this Schedule 13G/A filing.)
Key Players & Entities
- State Farm Mutual Automobile Insurance Company (company) — reporting person holding 6,054,000 shares of Donaldson Co Inc.
- State Farm Life Insurance Company (company) — reporting person and member of the State Farm group.
- DONALDSON Co INC (company) — the subject company in which shares are beneficially owned.
- Illinois (place) — place of organization for State Farm Mutual Automobile Insurance Company and State Farm Life Insurance Company.
Forward-Looking Statements
- State Farm will maintain a significant ownership stake in Donaldson Co Inc. (State Farm Mutual Automobile Insurance Company) — medium confidence, target: December 31, 2024
FAQ
What is the primary purpose of this SC 13G/A filing?
This SC 13G/A filing, an amendment (Amendment No. 13), updates the public record on the beneficial ownership of Donaldson Co Inc's common stock by State Farm Mutual Automobile Insurance Company and State Farm Life Insurance Company as of December 31, 2023, under Rule 13d-1(b) of the Securities Exchange Act of 1934.
Which entities are reporting their ownership in Donaldson Co Inc?
The reporting persons are State Farm Mutual Automobile Insurance Company (IRS ID: 37-0533100) and State Farm Life Insurance Company (IRS ID: 37-0533090), both organized in Illinois, as indicated in the filing.
How many shares of Donaldson Co Inc does State Farm Mutual Automobile Insurance Company beneficially own, and what percentage of the class does this represent?
State Farm Mutual Automobile Insurance Company beneficially owns 6,054,000 shares of Donaldson Co Inc common stock, which represents 5.04% of the class, as stated in Row 9 and Row 11 of the Schedule 13G.
What type of voting and dispositive power does State Farm Mutual Automobile Insurance Company have over these shares?
State Farm Mutual Automobile Insurance Company has sole voting power over 6,054,000 shares and sole dispositive power over 6,054,000 shares, with zero shared voting or dispositive power, according to Rows 5, 6, 7, and 8 of the Schedule 13G.
What is the CUSIP number for Donaldson Co Inc's common stock mentioned in the filing?
The CUSIP number for Donaldson Co Inc's common stock is 257651109, as listed on Page 1 and Page 2 of the Schedule 13G.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 12, 2024 regarding DONALDSON Co INC (DCI).