Atmus Filtration Technologies Inc. $ATMU Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 66.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 634,588 shares of the company’s stock after buying an additional 252,338 shares during the quarter. Assenagon Asset Management S.A. owned 0.78% of Atmus Filtration Technologies worth $32,941,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ATMU. Jones Financial Companies Lllp grew its position in Atmus Filtration Technologies by 143.1% in the first quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after acquiring an additional 412 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Atmus Filtration Technologies by 93.6% during the second quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock worth $49,000 after purchasing an additional 644 shares in the last quarter. Osaic Holdings Inc. boosted its stake in shares of Atmus Filtration Technologies by 54.8% in the second quarter. Osaic Holdings Inc. now owns 2,471 shares of the company’s stock valued at $90,000 after purchasing an additional 875 shares during the period. GAMMA Investing LLC boosted its stake in shares of Atmus Filtration Technologies by 14.7% in the fourth quarter. GAMMA Investing LLC now owns 2,223 shares of the company’s stock valued at $115,000 after purchasing an additional 285 shares during the period. Finally, Strs Ohio acquired a new stake in Atmus Filtration Technologies during the 1st quarter valued at $121,000. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Trading Up 2.2%

NYSE ATMU opened at $60.56 on Thursday. The company has a market capitalization of $4.94 billion, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 2.67 and a beta of 1.48. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.42 and a quick ratio of 1.66. Atmus Filtration Technologies Inc. has a 12 month low of $30.94 and a 12 month high of $66.50. The company’s fifty day moving average price is $60.16 and its two-hundred day moving average price is $52.64.

Atmus Filtration Technologies (NYSE:ATMU) last released its earnings results on Friday, February 13th. The company reported $0.66 earnings per share for the quarter, topping 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 company had revenue of $446.60 million during the quarter, compared to the consensus estimate of $422.25 million. During the same quarter in the previous year, the firm earned $0.58 EPS. The company’s revenue 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. As a group, research analysts predict that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Friday, February 20th were issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Friday, February 20th. Atmus Filtration Technologies’s payout ratio is currently 8.80%.

Analysts Set New Price Targets

A number of equities analysts have commented on ATMU shares. Wells Fargo & Company boosted their price objective on shares of Atmus Filtration Technologies from $54.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 17th. Weiss Ratings restated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, January 21st. Robert W. Baird lifted their target price on Atmus Filtration Technologies from $59.00 to $69.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Zacks Research upgraded Atmus Filtration Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. Finally, JPMorgan Chase & Co. increased their price target on Atmus Filtration Technologies from $60.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $59.75.

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.