Atmus Filtration Technologies Inc. $ATMU Shares Purchased by PDT Partners LLC

Key Points

• PDT Partners LLC increased its holdings in Atmus Filtration Technologies by 34.3% during the first quarter, acquiring an additional 25,613 shares to reach a total of 100,354 shares valued at $3.68 million.
• Atmus Filtration Technologies declared a quarterly dividend of $0.055 per share, an increase from the previous dividend of $0.05, reflecting a 0.5% dividend yield.
• The company reported better-than-expected quarterly earnings with an earnings per share (EPS) of $0.75, exceeding analysts' estimates of $0.66, alongside a revenue increase of 4.8% year-over-year.

PDT Partners LLC raised its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 34.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,354 shares of the company's stock after purchasing an additional 25,613 shares during the quarter. PDT Partners LLC owned 0.12% of Atmus Filtration Technologies worth $3,686,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky purchased a new stake in Atmus Filtration Technologies in the first quarter valued at $876,000. SG Americas Securities LLC purchased a new stake in Atmus Filtration Technologies in the first quarter valued at $324,000. Oppenheimer Asset Management Inc. raised its position in Atmus Filtration Technologies by 12.2% in the first 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 during the period. Millennium Management LLC raised its position in Atmus Filtration Technologies by 91.1% in the fourth 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 during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Atmus Filtration Technologies in the fourth quarter valued at $260,000. Hedge funds and other institutional investors own 32.73% of the company's stock.

Analysts Set New Price Targets

ATMU has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their target price on Atmus Filtration Technologies from $37.00 to $39.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 1st. Robert W. Baird increased their target price 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. Wall Street Zen lowered Atmus Filtration Technologies from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 24th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $46.00 target price (up previously from $44.00) on shares of Atmus Filtration Technologies in a research note on Wednesday, August 20th. Finally, The Goldman Sachs Group lowered 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. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Atmus Filtration Technologies presently has a consensus rating of "Hold" and an average target price of $43.80.

Atmus Filtration Technologies Stock Up 1.0%

Shares of NYSE:ATMU traded up $0.46 on Friday, hitting $46.04. 542,694 shares of the company's stock were exchanged, compared to its average volume of 876,910. The firm's 50-day moving average is $40.52 and its 200 day moving average is $37.74. The company has a market capitalization of $3.78 billion, a PE ratio of 20.37, a P/E/G ratio of 5.48 and a beta of 1.65. Atmus Filtration Technologies Inc. has a 1-year low of $30.94 and a 1-year high of $46.39. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.43 and a current ratio of 2.15.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $453.50 million during the quarter, compared to analysts' expectations 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 quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 EPS. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. Sell-side analysts predict that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current 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 given a dividend of $0.055 per share. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $0.22 annualized dividend and a dividend yield of 0.5%. This is an increase from Atmus Filtration Technologies's previous quarterly dividend of $0.05. Atmus Filtration Technologies's payout ratio is currently 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.