Atmus Filtration Technologies Inc. $ATMU Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 3.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 486,807 shares of the company’s stock after selling 16,220 shares during the quarter. Victory Capital Management Inc. owned 0.60% of Atmus Filtration Technologies worth $21,950,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Channing Capital Management LLC grew its stake in Atmus Filtration Technologies by 3,192.8% during the 3rd quarter. Channing Capital Management LLC now owns 1,715,015 shares of the company’s stock worth $77,330,000 after purchasing an additional 1,662,931 shares in the last quarter. Eminence Capital LP raised its position in Atmus Filtration Technologies by 12.0% in the 2nd quarter. Eminence Capital LP now owns 6,448,993 shares of the company’s stock valued at $234,872,000 after purchasing an additional 691,939 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Atmus Filtration Technologies by 73.2% in the 2nd quarter. First Trust Advisors LP now owns 1,024,574 shares of the company’s stock valued at $37,315,000 after buying an additional 433,166 shares during the period. Geode Capital Management LLC grew its position in shares of Atmus Filtration Technologies by 20.8% during 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 in the last quarter. Finally, New York State Common Retirement Fund grew its position in shares of Atmus Filtration Technologies by 1,589.1% during the third quarter. New York State Common Retirement Fund now owns 432,389 shares of the company’s stock worth $19,496,000 after buying an additional 406,790 shares in the last quarter. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ATMU has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of Atmus Filtration Technologies from $54.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 17th. JPMorgan Chase & Co. increased their price objective on shares of Atmus Filtration Technologies from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, January 21st. Robert W. Baird boosted their target price on shares of Atmus Filtration Technologies from $59.00 to $69.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Finally, Citigroup reissued an “outperform” rating on shares of Atmus Filtration Technologies in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $59.75.

Atmus Filtration Technologies Stock Performance

Shares of Atmus Filtration Technologies stock opened at $58.08 on Tuesday. The firm has a market capitalization of $4.73 billion, a P/E ratio of 23.23, a P/E/G ratio of 2.64 and a beta of 1.48. The company has a quick ratio of 1.66, a current ratio of 2.42 and a debt-to-equity ratio of 1.43. Atmus Filtration Technologies Inc. has a 52 week low of $30.94 and a 52 week high of $66.50. The firm’s 50 day moving average is $59.23 and its two-hundred day moving average is $51.61.

Atmus Filtration Technologies (NYSE:ATMU) last issued its earnings results on Friday, February 13th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.09. Atmus Filtration Technologies had a net margin of 11.76% and a return on equity of 69.78%. The business had revenue of $446.60 million during the quarter, compared to analysts’ expectations of $422.25 million. During the same quarter in the prior year, the business posted $0.58 EPS. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. Research analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Friday, February 20th were given a dividend of $0.055 per share. The ex-dividend date was Friday, February 20th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.4%. Atmus Filtration Technologies’s payout ratio is 8.80%.

Atmus Filtration Technologies Company 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.