Assenagon Asset Management S.A. Grows Position in Atmus Filtration Technologies Inc. $ATMU

Assenagon Asset Management S.A. raised its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 3.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 382,250 shares of the company’s stock after purchasing an additional 12,770 shares during the period. Assenagon Asset Management S.A. owned 0.47% of Atmus Filtration Technologies worth $17,236,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. KLP Kapitalforvaltning AS lifted its holdings in Atmus Filtration Technologies by 8.6% during the second quarter. KLP Kapitalforvaltning AS now owns 18,900 shares of the company’s stock worth $688,000 after buying an additional 1,500 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Atmus Filtration Technologies in the 2nd quarter valued at $216,000. Public Employees Retirement System of Ohio raised its position in shares of Atmus Filtration Technologies by 6,661.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 13,185 shares of the company’s stock worth $480,000 after acquiring an additional 12,990 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Atmus Filtration Technologies by 20.8% in the 2nd quarter. Geode Capital Management LLC now owns 2,365,362 shares of the company’s stock worth $86,154,000 after acquiring an additional 407,484 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. lifted its stake in shares of Atmus Filtration Technologies by 33.3% during the 2nd quarter. Hussman Strategic Advisors Inc. now owns 42,000 shares of the company’s stock worth $1,530,000 after purchasing an additional 10,500 shares during the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Price Performance

Shares of ATMU opened at $53.41 on Friday. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.14 and a quick ratio of 1.41. The company’s fifty day moving average price is $48.48 and its 200-day moving average price is $43.50. Atmus Filtration Technologies Inc. has a 1-year low of $30.94 and a 1-year high of $54.29. The firm has a market capitalization of $4.35 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 3.47 and a beta of 1.58.

Atmus Filtration Technologies (NYSE:ATMU) last released its earnings results on Friday, November 7th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.08. Atmus Filtration Technologies had a return on equity of 76.84% and a net margin of 11.57%.The firm had revenue of $447.70 million during the quarter, compared to the consensus estimate of $415.02 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s revenue was up 10.9% compared to the same quarter last year. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. On average, equities research analysts predict that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th were issued a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Tuesday, November 25th. Atmus Filtration Technologies’s payout ratio is 9.17%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wall Street Zen downgraded shares of Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, October 8th. JPMorgan Chase & Co. raised shares of Atmus Filtration Technologies from a “neutral” rating to an “overweight” rating and increased their target price for the company from $53.00 to $60.00 in a research report on Wednesday, November 26th. Finally, Wells Fargo & Company raised their target price on shares of Atmus Filtration Technologies from $47.00 to $52.00 and gave the company an “equal weight” rating in a research note on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $49.00.

About Atmus Filtration Technologies

Atmus Filtration Technologies is a global developer and manufacturer of high-performance filter media and filtration solutions. The company designs and produces advanced materials that capture airborne particles across a range of applications, from heating, ventilation and air-conditioning (HVAC) systems to industrial and cleanroom environments. By focusing on proprietary meltblown and nanofiber technologies, Atmus delivers media that balances efficiency, airflow and durability for both original equipment manufacturers (OEMs) and aftermarket customers.

The company’s product portfolio encompasses pleated and panel filter media, depth filtration products and specialty laminates used in industries such as commercial buildings, healthcare, transportation and power generation.