Rhumbline Advisers Has $4.38 Million Holdings in Atmus Filtration Technologies Inc. $ATMU

Rhumbline Advisers raised its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 3.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 119,298 shares of the company’s stock after acquiring an additional 4,122 shares during the period. Rhumbline Advisers owned approximately 0.14% of Atmus Filtration Technologies worth $4,382,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in ATMU. Strs Ohio acquired a new position in Atmus Filtration Technologies in the 1st quarter worth $121,000. Intech Investment Management LLC increased its holdings in shares of Atmus Filtration Technologies by 32.0% during the first quarter. Intech Investment Management LLC now owns 58,336 shares of the company’s stock worth $2,143,000 after purchasing an additional 14,126 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Atmus Filtration Technologies by 2.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 159,638 shares of the company’s stock worth $5,864,000 after acquiring an additional 3,419 shares in the last quarter. Woodline Partners LP acquired a new stake in shares of Atmus Filtration Technologies during the 1st quarter worth approximately $5,780,000. Finally, Caxton Associates LLP acquired a new stake in Atmus Filtration Technologies in the first quarter valued at approximately $283,000. Institutional investors own 32.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. 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. Wells Fargo & Company upped their price objective on shares of Atmus Filtration Technologies from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 1st. The Goldman Sachs Group cut shares of Atmus Filtration Technologies from a “buy” rating to a “neutral” rating and set a $39.00 target price on the stock. in a research note on Tuesday, May 27th. JPMorgan Chase & Co. restated a “neutral” rating and set a $46.00 price target (up from $44.00) on shares of Atmus Filtration Technologies in a research note on Wednesday, August 20th. Finally, Robert W. Baird upped their price target on shares of Atmus Filtration Technologies from $41.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, August 11th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $43.80.

Atmus Filtration Technologies Trading Down 0.7%

Shares of ATMU opened at $46.39 on Monday. The firm’s 50-day moving average price is $41.39 and its 200-day moving average price is $37.98. The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 5.58 and a beta of 1.65. The company has a current ratio of 2.15, a quick ratio of 1.43 and a debt-to-equity ratio of 1.75. Atmus Filtration Technologies Inc. has a 1-year low of $30.94 and a 1-year high of $46.88.

Atmus Filtration Technologies (NYSE:ATMU) last issued 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 company had revenue of $453.50 million during the quarter, compared to analysts’ expectations of $433.51 million. During the same period last year, the company posted $0.71 EPS. Atmus Filtration Technologies’s revenue was up 4.8% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. Sell-side analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th were given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 0.5%. This is a positive change from Atmus Filtration Technologies’s previous quarterly dividend of $0.05. The ex-dividend date was Tuesday, August 26th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is presently 9.73%.

Atmus Filtration Technologies Company Profile

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.