Vanguard Group Inc. Reduces Holdings in Atmus Filtration Technologies Inc. $ATMU

Vanguard Group Inc. lessened its position in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 1.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 8,169,562 shares of the company's stock after selling 139,808 shares during the period. Vanguard Group Inc. owned approximately 9.88% of Atmus Filtration Technologies worth $300,068,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. LPL Financial LLC lifted its stake in shares of Atmus Filtration Technologies by 3.3% in the 4th quarter. LPL Financial LLC now owns 10,102 shares of the company's stock worth $396,000 after acquiring an additional 326 shares during the period. Summit Investment Advisors Inc. lifted its stake in shares of Atmus Filtration Technologies by 3.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,766 shares of the company's stock worth $343,000 after acquiring an additional 330 shares during the period. Xponance Inc. lifted its stake in shares of Atmus Filtration Technologies by 5.6% in the 1st quarter. Xponance Inc. now owns 6,792 shares of the company's stock worth $249,000 after acquiring an additional 358 shares during the period. Hohimer Wealth Management LLC lifted its stake in shares of Atmus Filtration Technologies by 4.5% in the 1st quarter. Hohimer Wealth Management LLC now owns 9,053 shares of the company's stock worth $333,000 after acquiring an additional 386 shares during the period. Finally, Graham Capital Management L.P. lifted its stake in shares of Atmus Filtration Technologies by 1.9% in the 4th quarter. Graham Capital Management L.P. now owns 27,511 shares of the company's stock worth $1,078,000 after acquiring an additional 511 shares during the period. Institutional investors and hedge funds own 32.73% of the company's stock.

Atmus Filtration Technologies Price Performance

Shares of NYSE ATMU traded up $1.68 during midday trading on Friday, hitting $43.94. The company had a trading volume of 791,729 shares, compared to its average volume of 892,582. 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 Inc. has a twelve month low of $30.94 and a twelve month high of $45.92. The business has a 50-day simple moving average of $38.71 and a two-hundred day simple moving average of $37.44. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 19.44, a price-to-earnings-growth ratio of 5.08 and a beta of 1.64.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its 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. Atmus Filtration Technologies had a net margin of 11.22% and a return on equity of 83.23%. The firm had revenue of $453.50 million during the quarter, compared to the consensus estimate of $433.51 million. During the same period last year, the firm posted $0.71 EPS. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. Equities research analysts anticipate 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 announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be issued a dividend of $0.055 per share. This is an increase from Atmus Filtration Technologies's previous quarterly dividend of $0.05. The ex-dividend date is Tuesday, August 26th. This represents a $0.22 annualized dividend and a yield of 0.5%. Atmus Filtration Technologies's payout ratio is 8.85%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. The Goldman Sachs Group cut shares of Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 target price for the company. in a research note on Tuesday, May 27th. Wall Street Zen upgraded shares of Atmus Filtration Technologies from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 16th. Wells Fargo & Company raised their price objective on shares of 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. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $46.00 price objective (up previously from $44.00) on shares of Atmus Filtration Technologies in a research note on Wednesday. Finally, Robert W. Baird raised 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 note on Monday, August 11th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target 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.