Algert Global LLC Boosts Stake in Atmus Filtration Technologies Inc. $ATMU

Algert Global LLC raised its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 17.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 468,064 shares of the company’s stock after buying an additional 68,747 shares during the quarter. Algert Global LLC owned about 0.57% of Atmus Filtration Technologies worth $21,105,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Channing Capital Management LLC grew its holdings in shares of Atmus Filtration Technologies by 3,192.8% in the third quarter. Channing Capital Management LLC now owns 1,715,015 shares of the company’s stock valued at $77,330,000 after purchasing an additional 1,662,931 shares in the last quarter. Eminence Capital LP grew its stake in shares of Atmus Filtration Technologies by 12.0% in the 2nd quarter. Eminence Capital LP now owns 6,448,993 shares of the company’s stock worth $234,872,000 after buying an additional 691,939 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Atmus Filtration Technologies by 49.1% in the 3rd quarter. First Trust Advisors LP now owns 1,527,957 shares of the company’s stock worth $68,896,000 after buying an additional 503,383 shares in the last quarter. Geode Capital Management LLC increased its holdings 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 buying an additional 407,484 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of Atmus Filtration Technologies by 1,589.1% in the 3rd quarter. New York State Common Retirement Fund now owns 432,389 shares of the company’s stock valued at $19,496,000 after acquiring an additional 406,790 shares during the last quarter. Institutional investors own 32.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on ATMU. Zacks Research upgraded Atmus Filtration Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Citigroup reaffirmed an “outperform” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, February 18th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a report on Wednesday, January 21st. JPMorgan Chase & Co. boosted their target price on Atmus Filtration Technologies from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Finally, Robert W. Baird increased their price target on Atmus Filtration Technologies from $59.00 to $69.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $59.75.

Atmus Filtration Technologies Trading Down 0.9%

ATMU opened at $56.49 on Friday. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 22.60, a P/E/G ratio of 2.54 and a beta of 1.48. The stock’s 50 day moving average price is $59.65 and its 200-day moving average price is $51.93. Atmus Filtration Technologies Inc. has a one year low of $30.94 and a one year high of $66.50. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.66 and a current ratio of 2.42.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly 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. The firm had revenue of $446.60 million for the quarter, compared to the consensus estimate of $422.25 million. Atmus Filtration Technologies had a return on equity of 69.78% and a net margin of 11.76%.The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.58 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. On average, 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 declared a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Friday, February 20th were issued a $0.055 dividend. 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 dividend payout ratio is presently 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.