SCHEDULE 13G: Eminence Capital Discloses 5.5% Passive Stake in Atmus Filtration Technologies

Eminence Capital, LP and its CEO Ricky C. Sandler have disclosed a passive beneficial ownership of 5.5% in Atmus Filtration Technologies Inc., totaling 4,592,614 shares of common stock.

Summary

• Eminence Capital, LP, a Delaware limited partnership, and Ricky C. Sandler, its Chief Executive Officer, have jointly filed a Schedule 13G.
• The filing discloses their beneficial ownership in Atmus Filtration Technologies Inc. (CUSIP: 04956D107).
• As of December 31, 2024, the reporting persons collectively beneficially own 4,592,614 shares of Atmus Filtration Technologies Inc. Common Stock.
• This aggregate amount represents 5.5% of the company's outstanding Common Stock.
• The percentage is calculated based on 83,096,053 shares of Common Stock outstanding as of October 31, 2024, as reported in the company's Form 10-Q.
• Eminence Capital and Ricky C. Sandler hold shared voting power over 4,281,520 shares and shared dispositive power over 4,592,614 shares.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently convey positive or negative sentiment regarding the issuer's performance or outlook. It is a neutral regulatory filing.

Future Outlook

NA

Management Comments

• "The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements."
• "The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing indicates a significant institutional investment in Atmus Filtration Technologies Inc., a company operating in the filtration technology sector. Such disclosures are common as investment firms build or adjust their positions in publicly traded companies, reflecting their investment strategies within specific industries.

Stakeholder Impact

• Shareholders: The disclosure of a significant passive stake by an investment firm like Eminence Capital may be viewed positively by other investors, signaling institutional confidence or interest in Atmus Filtration Technologies Inc.

Key Dates

Keywords

Atmus Filtration Technologies Inc., Eminence Capital, Ricky C. Sandler, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, Passive Investment, SEC Filing