Knights of Columbus Asset Advisors LLC Makes New $1.31 Million Investment in Atmus Filtration Technologies Inc. $ATMU

Key Points

• Knights of Columbus Asset Advisors opened a new stake in Atmus Filtration Technologies, buying 25,217 shares worth about $1.31 million in the fourth quarter.
• Insider buying was also reported, with Director Gretchen R. Haggerty purchasing 1,973 shares at $55.74 each, increasing her holdings by 8.3%.
• Atmus recently beat earnings expectations, posting $0.69 EPS versus the $0.65 consensus and revenue of $477.5 million, while analysts currently rate the stock a Moderate Buy with an average target of $62.67.

Knights of Columbus Asset Advisors LLC purchased a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 25,217 shares of the company's stock, valued at approximately $1,309,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. California State Teachers Retirement System increased its position in Atmus Filtration Technologies by 0.3% during the second quarter. California State Teachers Retirement System now owns 83,277 shares of the company's stock worth $3,033,000 after purchasing an additional 236 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Atmus Filtration Technologies by 14.7% in the 4th quarter. GAMMA Investing LLC now owns 2,223 shares of the company's stock valued at $115,000 after purchasing an additional 285 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Atmus Filtration Technologies by 5.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,021 shares of the company's stock valued at $266,000 after purchasing an additional 301 shares during the last quarter. Creative Planning grew its stake in shares of Atmus Filtration Technologies by 4.9% in the 2nd quarter. Creative Planning now owns 6,688 shares of the company's stock valued at $244,000 after buying an additional 312 shares during the period. Finally, Arizona State Retirement System grew its stake in shares of Atmus Filtration Technologies by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 24,461 shares of the company's stock valued at $1,103,000 after buying an additional 336 shares during the period. Institutional investors and hedge funds own 32.73% of the company's stock.

Insider Buying and Selling at Atmus Filtration Technologies

In other news, Director Gretchen R. Haggerty acquired 1,973 shares of the company's stock in a transaction dated Tuesday, May 12th. The stock was acquired at an average cost of $55.74 per share, with a total value of $109,975.02. Following the completion of the purchase, the director owned 25,741 shares of the company's stock, valued at $1,434,803.34. This represents a 8.30% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.43% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on ATMU shares. Robert W. Baird reduced their price target on shares of Atmus Filtration Technologies from $66.00 to $63.00 and set an "outperform" rating on the stock in a research report on Monday, May 4th. Wells Fargo & Company lowered their price objective on Atmus Filtration Technologies from $67.00 to $58.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 1st. JPMorgan Chase & Co. cut their target price on Atmus Filtration Technologies from $70.00 to $67.00 and set an "overweight" rating for the company in a research note on Monday, May 4th. Citigroup restated an "outperform" rating on shares of Atmus Filtration Technologies in a research report on Wednesday, February 18th. Finally, Wall Street Zen lowered Atmus Filtration Technologies from a "strong-buy" rating to a "hold" rating in a research note on Sunday, May 10th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, Atmus Filtration Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $62.67.

Atmus Filtration Technologies Price Performance

Atmus Filtration Technologies stock opened at $47.74 on Friday. The company's 50 day simple moving average is $57.19 and its 200-day simple moving average is $56.34. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.70 and a current ratio of 2.53. Atmus Filtration Technologies Inc. has a 1 year low of $34.58 and a 1 year high of $66.50. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 2.11 and a beta of 1.47.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.04. Atmus Filtration Technologies had a net margin of 11.56% and a return on equity of 64.29%. The firm had revenue of $477.50 million during the quarter, compared to analysts' expectations of $474.41 million. During the same quarter last year, the company posted $0.63 EPS. The firm's quarterly revenue was up 14.6% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. As a group, equities research analysts expect that Atmus Filtration Technologies Inc. will post 2.95 earnings per share for the current year.

Atmus Filtration Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 26th will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Tuesday, May 26th. Atmus Filtration Technologies's dividend payout ratio (DPR) is currently 8.63%.

Atmus Filtration Technologies Profile

Atmus Filtration Technologies is a global developer and manufacturer of high-performance filter media and filtration solutions. The company designs and produces advanced materials that capture airborne particles across a range of applications, from heating, ventilation and air-conditioning (HVAC) systems to industrial and cleanroom environments. By focusing on proprietary meltblown and nanofiber technologies, Atmus delivers media that balances efficiency, airflow and durability for both original equipment manufacturers (OEMs) and aftermarket customers.

The company’s product portfolio encompasses pleated and panel filter media, depth filtration products and specialty laminates used in industries such as commercial buildings, healthcare, transportation and power generation.

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