Altrinsic Global Advisors LLC Purchases 45,005 Shares of Atmus Filtration Technologies Inc. $ATMU

Altrinsic Global Advisors LLC grew its position in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 21.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 251,382 shares of the company’s stock after acquiring an additional 45,005 shares during the quarter. Atmus Filtration Technologies accounts for 0.4% of Altrinsic Global Advisors LLC’s portfolio, making the stock its 24th biggest holding. Altrinsic Global Advisors LLC owned approximately 0.31% of Atmus Filtration Technologies worth $11,335,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Creative Planning boosted its stake in Atmus Filtration Technologies by 60.0% during the third quarter. Creative Planning now owns 10,701 shares of the company’s stock worth $483,000 after buying an additional 4,013 shares during the period. Lazard Asset Management LLC boosted its position in shares of Atmus Filtration Technologies by 106.4% during the third quarter. Lazard Asset Management LLC now owns 69,150 shares of the company’s stock valued at $3,118,000 after buying an additional 35,641 shares during the period. Ancora Advisors LLC boosted its position in shares of Atmus Filtration Technologies by 0.4% during the third quarter. Ancora Advisors LLC now owns 375,685 shares of the company’s stock valued at $16,940,000 after buying an additional 1,640 shares during the period. Brooklyn Investment Group grew its stake in shares of Atmus Filtration Technologies by 21.8% during the third quarter. Brooklyn Investment Group now owns 6,307 shares of the company’s stock valued at $284,000 after buying an additional 1,129 shares during the last quarter. Finally, Mangrove Partners IM LLC grew its stake in shares of Atmus Filtration Technologies by 21.0% during the third quarter. Mangrove Partners IM LLC now owns 1,330,553 shares of the company’s stock valued at $59,995,000 after buying an additional 230,922 shares during the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Wall Street Analyst Weigh In

ATMU has been the topic of a number of research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, January 21st. Wall Street Zen upgraded Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 14th. Wells Fargo & Company increased their target price 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. Robert W. Baird increased their target price on Atmus Filtration Technologies from $59.00 to $69.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $59.75.

Atmus Filtration Technologies Stock Performance

Shares of NYSE ATMU opened at $56.49 on Friday. Atmus Filtration Technologies Inc. has a 12 month low of $30.94 and a 12 month high of $66.50. The company has a current ratio of 2.42, a quick ratio of 1.66 and a debt-to-equity ratio of 1.43. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 2.54 and a beta of 1.48. The company has a 50 day simple moving average of $59.65 and a two-hundred day simple moving average of $51.93.

Atmus Filtration Technologies (NYSE:ATMU) last announced 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. Atmus Filtration Technologies had a return on equity of 69.78% and a net margin of 11.76%.The company had revenue of $446.60 million for the quarter, compared to the consensus estimate of $422.25 million. During the same period last year, the firm earned $0.58 EPS. The firm’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, analysts predict 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 was paid on Wednesday, March 4th. Investors of record on Friday, February 20th were issued a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a $0.22 dividend on an annualized basis and a yield of 0.4%. Atmus Filtration Technologies’s dividend payout ratio is 8.80%.

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.