Charles Schwab Investment Management Inc. Has $29.36 Million Position in Atmus Filtration Technologies Inc. $ATMU

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Atmus Filtration Technologies by 6.1%, acquiring an additional 45,727 shares to bring its total to 799,222 shares, valued at approximately $29.4 million.
• Atmus Filtration Technologies reported earnings of $0.75 per share, surpassing analysts' expectations of $0.66, with a revenue increase of 4.8% year-over-year.
• The company recently announced an increase in its quarterly dividend from $0.05 to $0.055, representing a yield of 0.5%.

Charles Schwab Investment Management Inc. increased its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 6.1% during the first quarter, according to its most recent filing with the SEC. The fund owned 799,222 shares of the company's stock after buying an additional 45,727 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.97% of Atmus Filtration Technologies worth $29,355,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC grew its position in Atmus Filtration Technologies by 3.3% during the fourth quarter. LPL Financial LLC now owns 10,102 shares of the company's stock valued at $396,000 after acquiring an additional 326 shares during the last quarter. Marshall Wace LLP raised its position in Atmus Filtration Technologies by 361.7% in the 4th quarter. Marshall Wace LLP now owns 86,913 shares of the company's stock worth $3,405,000 after buying an additional 68,090 shares during the last quarter. First Trust Advisors LP increased its position in shares of Atmus Filtration Technologies by 196.8% during the 4th quarter. First Trust Advisors LP now owns 158,136 shares of the company's stock valued at $6,196,000 after purchasing an additional 104,855 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Atmus Filtration Technologies by 39.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 738,469 shares of the company's stock worth $28,931,000 after acquiring an additional 208,550 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its position in shares of Atmus Filtration Technologies by 4.3% during the 4th quarter. MetLife Investment Management LLC now owns 50,595 shares of the company's stock valued at $1,982,000 after acquiring an additional 2,103 shares during the last quarter. 32.73% of the stock is owned by hedge funds and other institutional investors.

Atmus Filtration Technologies Stock Performance

Shares of NYSE:ATMU traded up $0.3070 during trading on Monday, hitting $44.2370. 662,720 shares of the company traded hands, compared to its average volume of 894,144. Atmus Filtration Technologies Inc. has a one year low of $30.94 and a one year high of $45.92. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 5.29 and a beta of 1.64. The business's fifty day moving average is $38.87 and its 200-day moving average is $37.42. 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 issued its quarterly earnings data on Friday, August 8th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.09. The business had revenue of $453.50 million during 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 for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.71 EPS. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. As a group, equities analysts predict 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. Shareholders of record on Tuesday, August 26th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Tuesday, August 26th. This is a positive change from Atmus Filtration Technologies's previous quarterly dividend of $0.05. This represents a $0.22 annualized dividend and a yield of 0.5%. Atmus Filtration Technologies's dividend payout ratio (DPR) is currently 8.85%.

Wall Street Analysts Forecast Growth

ATMU has been the topic of several research reports. 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. Wall Street Zen cut Atmus Filtration Technologies from a "strong-buy" rating to a "buy" rating in a research report on Sunday. Wells Fargo & Company upped 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. Robert W. Baird increased their price target 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. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $46.00 price target (up previously from $44.00) on shares of Atmus Filtration Technologies in a research note on Wednesday, August 20th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Atmus Filtration Technologies has an average rating of "Hold" and an average price target 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.