Ancora Advisors LLC Acquires 7,860 Shares of Atmus Filtration Technologies Inc. $ATMU

Key Points

• Ancora Advisors LLC has increased its stake in Atmus Filtration Technologies by 2.2%, now owning 370,345 shares valued at $13.6 million.
• Analysts have mixed ratings on Atmus, with two analysts rating it as a Buy and three as Hold, with a consensus target price of $43.80.
• The company recently declared a quarterly dividend increase to $0.055, offering a 0.5% dividend yield, set to be paid on September 10th.

Ancora Advisors LLC boosted its position in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 2.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 370,345 shares of the company's stock after purchasing an additional 7,860 shares during the period. Ancora Advisors LLC owned about 0.45% of Atmus Filtration Technologies worth $13,603,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. SouthState Corp purchased a new stake in Atmus Filtration Technologies in the first quarter valued at about $27,000. Tower Research Capital LLC TRC grew its stake in Atmus Filtration Technologies by 295.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,368 shares of the company's stock worth $54,000 after purchasing an additional 1,022 shares in the last quarter. Freedom Investment Management Inc. acquired a new position in shares of Atmus Filtration Technologies during the 1st quarter worth about $225,000. Wexford Capital LP purchased a new stake in Atmus Filtration Technologies during the 4th quarter valued at approximately $242,000. Finally, Xponance Inc. increased its position in Atmus Filtration Technologies by 5.6% during the 1st quarter. Xponance Inc. now owns 6,792 shares of the company's stock worth $249,000 after purchasing an additional 358 shares during the period. Institutional investors own 32.73% of the company's stock.

Atmus Filtration Technologies Stock Up 0.5%

NYSE:ATMU traded up $0.24 during trading hours on Monday, reaching $46.32. The company had a trading volume of 265,028 shares, compared to its average volume of 789,411. Atmus Filtration Technologies Inc. has a twelve month low of $30.94 and a twelve month high of $46.47. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 20.48, a P/E/G ratio of 5.54 and a beta of 1.65. The business's 50-day simple moving average is $40.52 and its two-hundred day simple moving average is $37.72. The company has a quick ratio of 1.43, a current ratio of 2.15 and a debt-to-equity ratio of 1.75.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last released its quarterly earnings results on Friday, August 8th. The company reported $0.75 earnings per share for the quarter, beating 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 net margin of 11.22% and a return on equity of 83.23%. The firm's revenue was up 4.8% on a year-over-year basis. During the same period last year, the firm earned $0.71 earnings per share. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. On average, equities analysts expect that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Tuesday, August 26th. This is a positive change from Atmus Filtration Technologies's previous quarterly dividend of $0.05. Atmus Filtration Technologies's dividend payout ratio (DPR) is presently 9.73%.

Analysts Set New Price Targets

ATMU has been the topic of a number of recent analyst reports. Wall Street Zen lowered Atmus Filtration Technologies from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 24th. Wells Fargo & Company lifted their price target on shares of Atmus Filtration Technologies from $37.00 to $39.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. restated a "neutral" rating and set a $46.00 price target (up from $44.00) on shares of Atmus Filtration Technologies in a report on Wednesday, August 20th. Robert W. Baird upped their price objective on shares of Atmus Filtration Technologies from $41.00 to $45.00 and gave the company an "outperform" rating in a research report on Monday, August 11th. Finally, The Goldman Sachs Group lowered shares of Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 price target for the company. in a research report on Tuesday, May 27th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $43.80.

About Atmus Filtration Technologies

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.