Northern Trust Corp Trims Position in Atmus Filtration Technologies Inc. $ATMU

Northern Trust Corp cut its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 2.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 808,226 shares of the company’s stock after selling 20,031 shares during the quarter. Northern Trust Corp owned 0.98% of Atmus Filtration Technologies worth $29,686,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Xponance Inc. raised its position in Atmus Filtration Technologies by 5.6% during the 1st quarter. Xponance Inc. now owns 6,792 shares of the company’s stock worth $249,000 after buying an additional 358 shares during the last quarter. Hohimer Wealth Management LLC raised its position in Atmus Filtration Technologies by 4.5% during the 1st quarter. Hohimer Wealth Management LLC now owns 9,053 shares of the company’s stock worth $333,000 after buying an additional 386 shares during the last quarter. Graham Capital Management L.P. raised its position in Atmus Filtration Technologies by 1.9% during the 4th quarter. Graham Capital Management L.P. now owns 27,511 shares of the company’s stock worth $1,078,000 after buying an additional 511 shares during the last quarter. SouthState Corp purchased a new position in Atmus Filtration Technologies during the 1st quarter worth approximately $27,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Atmus Filtration Technologies by 295.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,368 shares of the company’s stock valued at $54,000 after purchasing an additional 1,022 shares in the last quarter. 32.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ATMU has been the subject of several recent research reports. Robert W. Baird lifted their target price on shares of Atmus Filtration Technologies from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, August 11th. The Goldman Sachs Group lowered shares of Atmus Filtration Technologies from a “buy” rating to a “neutral” rating and set a $39.00 target price for the company. in a report on Tuesday, May 27th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $46.00 target price (up from $44.00) on shares of Atmus Filtration Technologies in a report on Wednesday, August 20th. Wells Fargo & Company lifted their target price on shares of Atmus Filtration Technologies from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Tuesday, July 1st. Finally, Wall Street Zen lowered shares of Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 24th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Atmus Filtration Technologies has a consensus rating of “Hold” and an average price target of $43.80.

Atmus Filtration Technologies Price Performance

Atmus Filtration Technologies stock opened at $44.52 on Friday. The company’s fifty day moving average price is $39.61 and its 200 day moving average price is $37.55. Atmus Filtration Technologies Inc. has a 1 year low of $30.94 and a 1 year high of $45.92. The stock has a market capitalization of $3.66 billion, a P/E ratio of 19.70, a P/E/G ratio of 5.36 and a beta of 1.64. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.43 and a current ratio of 2.15.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings results on Friday, August 8th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. Atmus Filtration Technologies had a net margin of 11.22% and a return on equity of 83.23%. The firm had revenue of $453.50 million for the quarter, compared to analysts’ expectations of $433.51 million. During the same quarter last year, the company earned $0.71 EPS. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. As a group, equities research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be paid a $0.055 dividend. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $0.22 dividend on an annualized basis and a yield of 0.5%. This is an increase from Atmus Filtration Technologies’s previous quarterly dividend of $0.05. Atmus Filtration Technologies’s dividend payout ratio is 9.73%.

About Atmus Filtration Technologies

Atmus Filtration Technologies Inc designs, manufactures, and sells filtration products under the Fleetguard brand name in North America, Europe, South America, Asia, Australia, Africa, and internationally. The company offers fuel filters, lube filters, air filters, crankcase ventilation, hydraulic filters, coolants, and fuel additives, as well as other chemicals; and fuel water separators and other filtration systems to original equipment manufacturers, dealers/distributors, and end-users.