Atmus Filtration Technologies Inc. $ATMU Shares Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 6,661.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,185 shares of the company’s stock after purchasing an additional 12,990 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Atmus Filtration Technologies were worth $480,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Nuveen LLC acquired a new position in shares of Atmus Filtration Technologies in the 1st quarter valued at $48,966,000. Eminence Capital LP lifted its position in Atmus Filtration Technologies by 25.4% in the first quarter. Eminence Capital LP now owns 5,757,054 shares of the company’s stock valued at $211,457,000 after acquiring an additional 1,164,440 shares during the last quarter. Invesco Ltd. boosted its stake in Atmus Filtration Technologies by 84.8% in the first quarter. Invesco Ltd. now owns 2,157,850 shares of the company’s stock valued at $79,258,000 after acquiring an additional 990,468 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Atmus Filtration Technologies by 24.5% during the first quarter. Wellington Management Group LLP now owns 2,425,657 shares of the company’s stock worth $89,094,000 after purchasing an additional 478,018 shares during the last quarter. Finally, Dark Forest Capital Management LP increased its position in shares of Atmus Filtration Technologies by 253.2% during the first quarter. Dark Forest Capital Management LP now owns 253,532 shares of the company’s stock worth $9,312,000 after purchasing an additional 181,750 shares in the last quarter. Institutional investors and hedge funds own 32.73% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. reissued a “neutral” rating and issued 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 boosted their price objective on Atmus Filtration Technologies from $42.00 to $47.00 and gave the company an “equal weight” rating in a research note on Thursday, September 18th. Weiss Ratings reissued a “buy (b-)” rating on shares of Atmus Filtration Technologies in a report on Saturday, September 27th. Robert W. Baird raised their target price on shares of Atmus Filtration Technologies from $41.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, August 11th. Finally, Wall Street Zen upgraded shares of Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 20th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Atmus Filtration Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $45.40.

Atmus Filtration Technologies Stock Performance

NYSE:ATMU opened at $44.48 on Monday. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.43. The firm has a market cap of $3.65 billion, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 5.35 and a beta of 1.63. The firm’s fifty day moving average price is $43.60 and its 200 day moving average price is $38.80. Atmus Filtration Technologies Inc. has a 1-year low of $30.94 and a 1-year high of $47.10.

Atmus Filtration Technologies (NYSE:ATMU) last released its earnings results on Friday, August 8th. The company reported $0.75 EPS for the quarter, topping the consensus estimate 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 quarter last year, the business earned $0.71 EPS. The business’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. On average, sell-side analysts expect that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Increases Dividend

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