6,116 Shares in Atmus Filtration Technologies Inc. $ATMU Acquired by Freedom Investment Management Inc.

Key Points

• Freedom Investment Management Inc. acquired 6,116 shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) worth approximately $225,000 during the first quarter.
• Atmus Filtration Technologies recently reported earnings of $0.75 per share for the last quarter, surpassing analysts' expectations by $0.09, with revenues of $453.50 million.
• The company also announced an increase in its quarterly dividend, now at $0.055, representing a 0.5% dividend yield and a payout ratio of 9.73%.

Freedom Investment Management Inc. bought a new stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,116 shares of the company's stock, valued at approximately $225,000.

A number of other institutional investors have also recently modified their holdings of the stock. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Atmus Filtration Technologies during the 1st quarter worth $876,000. SG Americas Securities LLC bought a new stake in shares of Atmus Filtration Technologies during the 1st quarter worth $324,000. Oppenheimer Asset Management Inc. lifted its position in shares of Atmus Filtration Technologies by 12.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 13,585 shares of the company's stock worth $499,000 after buying an additional 1,482 shares during the last quarter. Millennium Management LLC lifted its position in shares of Atmus Filtration Technologies by 91.1% during the 4th quarter. Millennium Management LLC now owns 186,912 shares of the company's stock worth $7,323,000 after buying an additional 89,107 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Atmus Filtration Technologies during the 4th quarter worth $260,000. 32.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on ATMU. Wall Street Zen downgraded Atmus Filtration Technologies from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 24th. The Goldman Sachs Group downgraded Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 target price for the company. in a research report on Tuesday, May 27th. Robert W. Baird increased their target price on Atmus Filtration Technologies from $41.00 to $45.00 and gave the company an "outperform" rating in a research report on Monday, August 11th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $46.00 target price (up from $44.00) on shares of Atmus Filtration Technologies in a research report on Wednesday, August 20th. Finally, Wells Fargo & Company increased their target price on Atmus Filtration Technologies from $37.00 to $39.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 1st. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $43.80.

Atmus Filtration Technologies Trading Down 0.8%

Shares of ATMU stock traded down $0.35 on Wednesday, hitting $44.43. The company had a trading volume of 139,237 shares, compared to its average volume of 790,817. The firm has a market cap of $3.65 billion, a P/E ratio of 19.70, a P/E/G ratio of 5.36 and a beta of 1.65. The stock's 50-day moving average is $39.97 and its two-hundred day moving average is $37.61. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.43 and a current ratio of 2.15. Atmus Filtration Technologies Inc. has a twelve month low of $30.94 and a twelve month high of $45.92.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.09. The company had revenue of $453.50 million during the quarter, compared to analysts' expectations of $433.51 million. Atmus Filtration Technologies had a return on equity of 83.23% and a net margin of 11.22%.The business's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. On average, equities research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be paid a dividend of $0.055 per share. This is an increase from Atmus Filtration Technologies's previous quarterly dividend of $0.05. This represents a $0.22 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, August 26th. Atmus Filtration Technologies's payout ratio is 9.73%.

Atmus Filtration Technologies Company Profile

Atmus Filtration Technologies Inc designs, manufactures, and sells filtration products under the Fleetguard brand name in North America, Europe, South America, Asia, Australia, Africa, and internationally. The company offers fuel filters, lube filters, air filters, crankcase ventilation, hydraulic filters, coolants, and fuel additives, as well as other chemicals; and fuel water separators and other filtration systems to original equipment manufacturers, dealers/distributors, and end-users.