Allspring Global Investments Holdings LLC Purchases 35,409 Shares of Atmus Filtration Technologies Inc. $ATMU

Allspring Global Investments Holdings LLC boosted its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 2.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,249,957 shares of the company’s stock after buying an additional 35,409 shares during the period. Allspring Global Investments Holdings LLC owned approximately 1.52% of Atmus Filtration Technologies worth $55,611,000 as of its most recent filing with the Securities and Exchange Commission.

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

Atmus Filtration Technologies Price Performance

NYSE:ATMU opened at $51.96 on Friday. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 3.40 and a beta of 1.57. 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 business has a 50 day simple moving average of $50.03 and a 200-day simple moving average of $44.55. Atmus Filtration Technologies Inc. has a 1 year low of $30.94 and a 1 year high of $54.84.

Atmus Filtration Technologies (NYSE:ATMU) last released its earnings results on Friday, November 7th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.08. The firm had revenue of $447.70 million for the quarter, compared to the consensus estimate of $415.02 million. Atmus Filtration Technologies had a return on equity of 76.84% and a net margin of 11.57%.The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. Equities analysts forecast 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. Investors of record on Tuesday, November 25th were given a dividend of $0.055 per share. The ex-dividend date of this dividend was Tuesday, November 25th. This represents a $0.22 dividend on an annualized basis and a yield of 0.4%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is presently 9.17%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wall Street Zen upgraded shares of Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 28th. JPMorgan Chase & Co. upgraded Atmus Filtration Technologies from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $53.00 to $60.00 in a research report on Wednesday, November 26th. Wells Fargo & Company increased their price target on 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. Zacks Research raised Atmus Filtration Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

Atmus Filtration Technologies Profile

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.