Northern Trust Corp Has $29.69 Million Holdings in Atmus Filtration Technologies Inc. $ATMU

Key Points

• Northern Trust Corp has reduced its holdings in Atmus Filtration Technologies by 2.4%, owning 808,226 shares worth approximately $29.7 million after selling 20,031 shares in the first quarter.
• Atmus Filtration Technologies has recently declared an increase in its quarterly dividend from $0.05 to $0.055, with a 0.5% yield based on the annualized payout.
• The company's latest earnings report showed a profit of $0.75 per share, exceeding analysts' expectations of $0.66, alongside a revenue of $453.5 million for the quarter.

Northern Trust Corp trimmed its position in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 2.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 808,226 shares of the company's stock after selling 20,031 shares during the quarter. Northern Trust Corp owned 0.98% of Atmus Filtration Technologies worth $29,686,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Atmus Filtration Technologies during the 1st quarter valued at about $876,000. SG Americas Securities LLC acquired a new stake in Atmus Filtration Technologies during the 1st quarter valued at approximately $324,000. Oppenheimer Asset Management Inc. grew its stake in Atmus Filtration Technologies by 12.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 13,585 shares of the company's stock valued at $499,000 after purchasing an additional 1,482 shares in the last quarter. Millennium Management LLC grew its stake in Atmus Filtration Technologies by 91.1% during the 4th quarter. Millennium Management LLC now owns 186,912 shares of the company's stock valued at $7,323,000 after purchasing an additional 89,107 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Atmus Filtration Technologies in the 4th quarter worth approximately $260,000. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ATMU has been the subject of a number of analyst reports. Robert W. Baird boosted their price objective 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. Wall Street Zen lowered Atmus Filtration Technologies from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 24th. The Goldman Sachs Group lowered Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 price target for the company. in a research report on Tuesday, May 27th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $46.00 price target (up previously from $44.00) on shares of Atmus Filtration Technologies in a research report on Wednesday, August 20th. Finally, Wells Fargo & Company boosted their price objective 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. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $43.80.

Atmus Filtration Technologies Stock Up 0.4%

Shares of ATMU traded up $0.18 during trading hours on Thursday, hitting $44.86. 171,508 shares of the company were exchanged, compared to its average volume of 791,921. The company has a market cap of $3.69 billion, a PE ratio of 19.85, a PEG ratio of 5.36 and a beta of 1.65. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.43 and a current ratio of 2.15. The firm's 50 day moving average is $40.14 and its 200-day moving average is $37.66. Atmus Filtration Technologies Inc. has a 52 week low of $30.94 and a 52 week high of $45.92.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its quarterly earnings results on Friday, August 8th. The company reported $0.75 earnings per share (EPS) for the quarter, topping 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 business had revenue of $453.50 million for the quarter, compared to analyst estimates of $433.51 million. During the same period last year, the company earned $0.71 EPS. The firm's revenue 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. On average, equities research analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be issued a dividend of $0.055 per share. This is a boost 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 dividend yield of 0.5%. Atmus Filtration Technologies's dividend payout ratio (DPR) is presently 9.73%.

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.