Aberdeen Group plc Purchases 90,974 Shares of Atmus Filtration Technologies Inc. $ATMU

Key Points

• Aberdeen Group plc increased its holdings in Atmus Filtration Technologies by 15.2% in the first quarter, bringing its total stake to approximately $25.37 million.
• Atmus Filtration Technologies recently reported earnings of $0.75 per share for the last quarter, exceeding estimates, with revenue growth of 4.8% year-over-year.
• The company announced an increase in its quarterly dividend to $0.055 per share, indicating a 0.5% yield and a change from its previous dividend of $0.05.

Aberdeen Group plc lifted its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 15.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 690,812 shares of the company's stock after purchasing an additional 90,974 shares during the quarter. Aberdeen Group plc owned approximately 0.84% of Atmus Filtration Technologies worth $25,374,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of ATMU. Eminence Capital LP grew its holdings in shares of Atmus Filtration Technologies by 79.0% during the 4th quarter. Eminence Capital LP now owns 4,592,614 shares of the company's stock worth $179,939,000 after purchasing an additional 2,027,617 shares in the last quarter. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Atmus Filtration Technologies during the 4th quarter worth approximately $63,949,000. Nuveen LLC acquired a new stake in Atmus Filtration Technologies in the 1st quarter valued at $48,966,000. Invesco Ltd. boosted its stake in Atmus Filtration Technologies by 84.8% in the 1st quarter. Invesco Ltd. now owns 2,157,850 shares of the company's stock valued at $79,258,000 after buying an additional 990,468 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its stake in Atmus Filtration Technologies by 44.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,911,153 shares of the company's stock valued at $74,879,000 after buying an additional 584,270 shares in the last quarter. Institutional investors and hedge funds own 32.73% of the company's stock.

Atmus Filtration Technologies Price Performance

Atmus Filtration Technologies stock traded up $1.68 on Friday, reaching $43.94. The company's stock had a trading volume of 791,729 shares, compared to its average volume of 892,582. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.43 and a current ratio of 2.15. The company has a market cap of $3.61 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 5.29 and a beta of 1.64. The business's fifty day moving average price is $38.71 and its 200 day moving average price is $37.42. 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 posted its quarterly earnings data on Friday, August 8th. The company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.09. The company had revenue of $453.50 million for the quarter, compared to analyst estimates 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 revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.71 earnings per share. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. Equities analysts expect 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 disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be paid a $0.055 dividend. This is an increase from Atmus Filtration Technologies's previous quarterly dividend of $0.05. This represents a $0.22 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, August 26th. Atmus Filtration Technologies's payout ratio is presently 8.85%.

Analyst Upgrades and Downgrades

ATMU has been the topic of several recent analyst reports. Robert W. Baird boosted their price target on Atmus Filtration Technologies from $41.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. The Goldman Sachs Group lowered Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 price target on the stock. in a research note on Tuesday, May 27th. Wells Fargo & Company boosted their price target on Atmus Filtration Technologies from $37.00 to $39.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 1st. Wall Street Zen raised Atmus Filtration Technologies from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 16th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $46.00 price target (up previously from $44.00) on shares of Atmus Filtration Technologies in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Atmus Filtration Technologies has a consensus rating of "Hold" and a consensus target price of $43.80.

Atmus Filtration Technologies 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.