Atmus Filtration Technologies Inc. $ATMU Shares Bought by Livforsakringsbolaget Skandia Omsesidigt

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Atmus Filtration Technologies by 21.3%, now owning 91,600 shares worth approximately $3.34 million.
• Wall Street analysts' ratings for Atmus have varied, with Goldman Sachs downgrading the stock to "neutral" while Wells Fargo raised its target price to $47.
• Atmus recently announced an increase in its dividend, raising it from $0.05 to $0.055 per quarter, reflecting a commitment to returning value to shareholders.

Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 21.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 91,600 shares of the company's stock after buying an additional 16,100 shares during the period. Livforsakringsbolaget Skandia Omsesidigt owned about 0.11% of Atmus Filtration Technologies worth $3,336,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ATMU. Jones Financial Companies Lllp lifted its holdings in Atmus Filtration Technologies by 143.1% during the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company's stock worth $26,000 after buying an additional 412 shares during the last quarter. SouthState Corp bought a new position in Atmus Filtration Technologies during the 1st quarter worth approximately $27,000. Strs Ohio bought a new position in Atmus Filtration Technologies during the 1st quarter worth approximately $121,000. Wealth Enhancement Advisory Services LLC bought a new position in Atmus Filtration Technologies during the 2nd quarter worth approximately $216,000. Finally, Freedom Investment Management Inc. bought a new position in Atmus Filtration Technologies during the 1st quarter worth approximately $225,000. Institutional investors own 32.73% of the company's stock.

Atmus Filtration Technologies Stock Performance

ATMU traded down $0.10 during trading hours on Tuesday, hitting $45.93. The company's stock had a trading volume of 147,971 shares, compared to its average volume of 794,536. Atmus Filtration Technologies Inc. has a fifty-two week low of $30.94 and a fifty-two week high of $47.10. The company has a current ratio of 2.15, a quick ratio of 1.43 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $3.77 billion, a PE ratio of 20.32, a PEG ratio of 5.53 and a beta of 1.65. The company has a 50-day simple moving average of $42.36 and a 200 day simple moving average of $38.33.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its earnings results on Friday, August 8th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09. Atmus Filtration Technologies had a return on equity of 83.23% and a net margin of 11.22%.The firm had revenue of $453.50 million for the quarter, compared to analysts' expectations of $433.51 million. During the same period last year, the firm earned $0.71 EPS. The firm's revenue was up 4.8% compared to the same quarter last year. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. As a group, sell-side analysts expect that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Increases Dividend

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

Analysts Set New Price Targets

A number of research analysts have commented on ATMU shares. The Goldman Sachs Group downgraded Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 target price on the stock. in a report on Tuesday, May 27th. Wells Fargo & Company increased their price target on Atmus Filtration Technologies from $42.00 to $47.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 18th. Wall Street Zen upgraded Atmus Filtration Technologies from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Robert W. Baird increased their price target on Atmus Filtration Technologies from $41.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, August 11th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $46.00 price target (up from $44.00) on shares of Atmus Filtration Technologies in a research report on Wednesday, August 20th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $45.40.

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.