Atmus Filtration Technologies Inc. $ATMU Shares Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS lifted its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 8.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,900 shares of the company’s stock after purchasing an additional 1,500 shares during the period. KLP Kapitalforvaltning AS’s holdings in Atmus Filtration Technologies were worth $688,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ATMU. Nuveen LLC purchased a new position in shares of Atmus Filtration Technologies during the 1st quarter worth approximately $48,966,000. Eminence Capital LP boosted its stake in Atmus Filtration Technologies by 25.4% in the 1st quarter. Eminence Capital LP now owns 5,757,054 shares of the company’s stock worth $211,457,000 after buying an additional 1,164,440 shares during the last quarter. Invesco Ltd. boosted its holdings 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 during the last quarter. Wellington Management Group LLP grew its stake in 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 buying an additional 478,018 shares during the period. Finally, Dark Forest Capital Management LP boosted its holdings in Atmus Filtration Technologies by 253.2% in the 1st quarter. Dark Forest Capital Management LP now owns 253,532 shares of the company’s stock worth $9,312,000 after acquiring an additional 181,750 shares during the period. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Stock Performance

ATMU stock opened at $44.32 on Friday. Atmus Filtration Technologies Inc. has a 52 week low of $30.94 and a 52 week high of $47.10. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.43 and a current ratio of 2.15. The stock has a market cap of $3.64 billion, a P/E ratio of 19.61, a P/E/G ratio of 5.34 and a beta of 1.63. The firm has a 50 day simple moving average of $44.64 and a 200 day simple moving average of $39.17.

Atmus Filtration Technologies (NYSE:ATMU) last issued its earnings results on Friday, August 8th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. The firm had revenue of $453.50 million for the quarter, compared to the consensus estimate of $433.51 million. Atmus Filtration Technologies had a return on equity of 83.23% and a net margin of 11.22%.The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 earnings per share. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. 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 disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th were paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, August 26th. This is a positive change from Atmus Filtration Technologies’s previous quarterly dividend of $0.05. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 9.73%.

Analysts Set New Price Targets

A number of research analysts recently commented on ATMU shares. Robert W. Baird increased their price target on Atmus Filtration Technologies from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, August 11th. JPMorgan Chase & Co. boosted their price objective on Atmus Filtration Technologies from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Tuesday. Wells Fargo & Company boosted their price objective on Atmus Filtration Technologies from $42.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 18th. Wall Street Zen raised shares of Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 20th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Atmus Filtration Technologies in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Atmus Filtration Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $45.60.

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.