Principal Financial Group Inc. Sells 14,563 Shares of Atmus Filtration Technologies Inc. $ATMU

Principal Financial Group Inc. reduced its position in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 21.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,858 shares of the company’s stock after selling 14,563 shares during the period. Principal Financial Group Inc. owned about 0.07% of Atmus Filtration Technologies worth $2,428,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ATMU. California State Teachers Retirement System raised its stake in shares of Atmus Filtration Technologies by 0.3% in the second quarter. California State Teachers Retirement System now owns 83,277 shares of the company’s stock worth $3,033,000 after purchasing an additional 236 shares during the last quarter. Bessemer Group Inc. increased its holdings in Atmus Filtration Technologies by 31.4% in the 2nd quarter. Bessemer Group Inc. now owns 1,138 shares of the company’s stock worth $42,000 after buying an additional 272 shares in the last quarter. Verdence Capital Advisors LLC increased its holdings in Atmus Filtration Technologies by 2.1% in the 3rd quarter. Verdence Capital Advisors LLC now owns 13,678 shares of the company’s stock worth $626,000 after buying an additional 285 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Atmus Filtration Technologies by 5.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,021 shares of the company’s stock worth $266,000 after buying an additional 301 shares during the last quarter. Finally, Creative Planning raised its position in Atmus Filtration Technologies by 4.9% in the 2nd quarter. Creative Planning now owns 6,688 shares of the company’s stock worth $244,000 after buying an additional 312 shares during the last quarter. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on ATMU. Wells Fargo & Company upped their target price on shares of Atmus Filtration Technologies from $52.00 to $54.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 7th. Wall Street Zen upgraded shares of Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Zacks Research cut shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. JPMorgan Chase & Co. boosted their target price on shares of Atmus Filtration Technologies from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Atmus Filtration Technologies in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $50.50.

Atmus Filtration Technologies Trading Up 3.3%

Shares of Atmus Filtration Technologies stock opened at $64.17 on Tuesday. Atmus Filtration Technologies Inc. has a 1-year low of $30.94 and a 1-year high of $66.00. The company’s fifty day simple moving average is $56.12 and its 200-day simple moving average is $49.30. 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 stock has a market capitalization of $5.23 billion, a PE ratio of 25.67, a P/E/G ratio of 2.77 and a beta of 1.56.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Friday, February 13th. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.09. Atmus Filtration Technologies had a return on equity of 73.91% and a net margin of 11.76%.The company had revenue of $446.60 million for the quarter, compared to analysts’ expectations of $422.25 million. During the same period last year, the firm earned $0.58 EPS. Atmus Filtration Technologies’s revenue for the quarter was up 9.8% compared to the same quarter last year. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. As a group, equities analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Friday, February 20th will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a $0.22 annualized dividend and a yield of 0.3%. Atmus Filtration Technologies’s payout ratio is currently 8.80%.

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.