SCHEDULE 13G: T. Rowe Price Associates Discloses 5.1% Passive Stake in ATMUS FILTRATION TECHNOLOGIE
Beneficial Ownership Report
T. Rowe Price Associates, Inc. has filed a Schedule 13G, reporting a 5.1% beneficial ownership stake in ATMUS FILTRATION TECHNOLOGIE as of December 31, 2024.
Summary
- T. Rowe Price Associates, Inc., an investment adviser based in Maryland, has filed a Schedule 13G with the SEC.
- The filing discloses that T. Rowe Price Associates, Inc. beneficially owns 4,262,408 shares of common stock in ATMUS FILTRATION TECHNOLOGIE.
- This ownership represents 5.1% of the outstanding common stock of ATMUS FILTRATION TECHNOLOGIE.
- The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
- T. Rowe Price Associates, Inc. holds sole voting power over 4,183,991 shares and sole dispositive power over 4,262,408 shares.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's performance or outlook.
Future Outlook
NA
Management Comments
- T. Rowe Price Associates, Inc. certifies that the securities 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
This filing indicates a significant institutional investment in a company operating in the filtration technology sector. Such disclosures are common for large asset managers like T. Rowe Price as they cross beneficial ownership thresholds, reflecting their investment strategies within various industries.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional ownership, which can be viewed positively as a vote of confidence from a major asset manager.
- Investment Professionals: Offers data points for tracking institutional holdings and potential market influence.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires the filing of this statement (beneficial ownership threshold met). |
| 02/14/2025 | Date the Schedule 13G statement was signed by T. Rowe Price Associates, Inc. |
Keywords
T. Rowe Price Associates, ATMUS FILTRATION TECHNOLOGIE, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, SEC Filing, Passive Investment, Filtration Technology
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