1,333,133 Shares in Atmus Filtration Technologies Inc. $ATMU Bought by Nuveen LLC

Key Points

• Nuveen LLC acquired a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) during the 1st quarter, purchasing approximately 1,333,133 shares valued at about $48.97 million, which accounts for 1.61% of the company's stock.
• Atmus Filtration Technologies reported an earnings per share of $0.75, exceeding the consensus estimate of $0.66, and had a quarterly revenue of $453.50 million, marking a 4.8% increase from the previous year.
• The company declared a quarterly dividend increase to $0.055 per share, up from $0.05, with the annualized dividend amounting to $0.22 and a yield of 0.5%.

Nuveen LLC acquired a new stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,333,133 shares of the company's stock, valued at approximately $48,966,000. Nuveen LLC owned 1.61% of Atmus Filtration Technologies at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ATMU. Tower Research Capital LLC TRC raised its position in Atmus Filtration Technologies by 295.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,368 shares of the company's stock valued at $54,000 after purchasing an additional 1,022 shares during the period. Quarry LP raised its position in Atmus Filtration Technologies by 70.9% during the fourth quarter. Quarry LP now owns 1,993 shares of the company's stock valued at $78,000 after purchasing an additional 827 shares during the period. Wexford Capital LP purchased a new stake in Atmus Filtration Technologies during the fourth quarter valued at approximately $242,000. Xponance Inc. raised its position in Atmus Filtration Technologies by 5.6% during the first quarter. Xponance Inc. now owns 6,792 shares of the company's stock valued at $249,000 after purchasing an additional 358 shares during the period. Finally, Caption Management LLC purchased a new stake in Atmus Filtration Technologies during the fourth quarter valued at approximately $251,000. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ATMU has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their price objective on Atmus Filtration Technologies from $38.00 to $41.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Wells Fargo & Company upped their target price 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 upped their target price on Atmus Filtration Technologies from $41.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. Wall Street Zen raised Atmus Filtration Technologies from a "hold" rating to a "strong-buy" rating in a research note on Saturday. Finally, The Goldman Sachs Group cut Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 target price on the stock. in a research note on Tuesday, May 27th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $42.80.

Atmus Filtration Technologies Stock Up 1.4%

Shares of ATMU traded up $0.6330 during midday trading on Tuesday, hitting $44.6230. 112,024 shares of the company's stock traded hands, compared to its average volume of 794,960. Atmus Filtration Technologies Inc. has a 1 year low of $30.94 and a 1 year high of $45.92. The firm's fifty day moving average is $38.16 and its 200-day moving average is $37.33. 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 stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 5.23 and a beta of 1.64.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its earnings results 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 company 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 firm's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $0.71 EPS. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. As a group, sell-side analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current 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 paid a $0.055 dividend. This is a positive change from Atmus Filtration Technologies's previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $0.22 dividend on an annualized basis and a yield of 0.5%. Atmus Filtration Technologies's dividend payout ratio is 9.73%.

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.