SCHEDULE 13G/A: Eminence Capital Discloses 6.9% Passive Stake in Atmus Filtration Technologies
Beneficial Ownership Report
Eminence Capital, LP and Ricky C. Sandler have filed an amended Schedule 13G, reporting a 6.9% beneficial ownership stake in Atmus Filtration Technologies Inc.
Summary
- Eminence Capital, LP and Ricky C. Sandler (collectively, the "Reporting Persons") have filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership in Atmus Filtration Technologies Inc.
- The Reporting Persons collectively beneficially own 5,757,054 shares of Atmus Filtration Technologies Inc. Common Stock.
- This ownership represents 6.9% of the company's outstanding Common Stock.
- The percentage is calculated based on 82,866,170 shares of Common Stock outstanding as of January 31, 2025, as reported in the company's Annual Report on Form 10-K filed on February 21, 2025.
- Eminence Capital, LP serves as the management company or investment adviser to various investment funds and separately managed accounts (Eminence Funds and SMAs) that hold these shares.
- Ricky C. Sandler, as Chief Executive Officer of Eminence Capital, has shared voting and dispositive power over the shares held by the Eminence Funds and SMAs.
- The Reporting Persons certify 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 standard beneficial ownership disclosure (Schedule 13G) and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's performance or outlook. It is a factual report of a passive investment stake.
Future Outlook
NA
Management Comments
- The Reporting Persons certify that the securities referred to 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.
Industry Context
NA
Stakeholder Impact
- Disclosure of a significant passive ownership stake by Eminence Capital, LP and Ricky C. Sandler provides transparency to existing and potential shareholders regarding the company's ownership structure.
Key Dates
| Date | Description |
|---|---|
| 2025-01-31 | Date as of which 82,866,170 shares of Common Stock were outstanding, as reported in the Company's Annual Report on Form 10-K. |
| 2025-02-21 | Date Atmus Filtration Technologies Inc. filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2024. |
| 2025-03-31 | Date of event which requires filing of this Schedule 13G statement. |
| 2025-05-15 | Date of filing of this Schedule 13G Amendment No. 1. |
Keywords
Atmus Filtration Technologies, Eminence Capital, Ricky C. Sandler, Schedule 13G, beneficial ownership, common stock, investment, passive stake
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