Charles Schwab Investment Management Inc. Has $29.36 Million Stock 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 holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 6.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 799,222 shares of the company's stock after acquiring an additional 45,727 shares during the period. Charles Schwab Investment Management Inc. owned about 0.97% of Atmus Filtration Technologies worth $29,355,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Atmus Filtration Technologies by 6.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,439 shares of the company's stock worth $898,000 after acquiring an additional 1,411 shares in the last quarter. TD Asset Management Inc lifted its stake in Atmus Filtration Technologies by 6.1% in the 1st quarter. TD Asset Management Inc now owns 55,808 shares of the company's stock worth $2,050,000 after acquiring an additional 3,208 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Atmus Filtration Technologies in the 1st quarter worth about $4,384,000. GW&K Investment Management LLC raised its stake in shares of Atmus Filtration Technologies by 2.0% during the 1st quarter. GW&K Investment Management LLC now owns 467,725 shares of the company's stock worth $17,180,000 after purchasing an additional 9,207 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Atmus Filtration Technologies during the 1st quarter worth about $876,000. 32.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ATMU shares. Wells Fargo & Company raised their price target on Atmus Filtration Technologies from $37.00 to $39.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 1st. Wall Street Zen downgraded Atmus Filtration Technologies from a "strong-buy" rating to a "buy" rating in a research note on Sunday. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $46.00 price target (up from $44.00) on shares of Atmus Filtration Technologies in a research note on Wednesday. Robert W. Baird raised their price target on Atmus Filtration Technologies from $41.00 to $45.00 and gave the stock an "outperform" rating in a research note on Monday, August 11th. Finally, The Goldman Sachs Group downgraded Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 price target for the company. in a research note on Tuesday, May 27th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $43.80.

Atmus Filtration Technologies Stock Performance

Shares of ATMU stock traded up $1.68 during trading on Friday, reaching $43.94. The company had a trading volume of 791,729 shares, compared to its average volume of 892,582. The firm's 50 day simple moving average is $38.71 and its two-hundred day simple moving average is $37.42. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.43. Atmus Filtration Technologies Inc. has a one year low of $30.94 and a one year high of $45.92. The company has a market capitalization of $3.61 billion, a PE ratio of 19.44, a PEG ratio of 5.29 and a beta of 1.64.

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 for the quarter, beating analysts' consensus estimates 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 business had revenue of $453.50 million for the quarter, compared to the consensus estimate of $433.51 million. During the same period last year, the business 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. Sell-side analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be paid 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 of this dividend 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 8.85%.

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.