Russell Investments Group Ltd. Has $12.95 Million Stake in Atmus Filtration Technologies Inc. $ATMU

Russell Investments Group Ltd. reduced its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 23.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 352,495 shares of the company's stock after selling 106,868 shares during the period. Russell Investments Group Ltd. owned approximately 0.43% of Atmus Filtration Technologies worth $12,947,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Eminence Capital LP lifted its holdings in shares of Atmus Filtration Technologies by 79.0% during the fourth quarter. Eminence Capital LP now owns 4,592,614 shares of the company's stock worth $179,939,000 after buying an additional 2,027,617 shares in the last quarter. T. Rowe Price Investment Management Inc. acquired a new position in shares of Atmus Filtration Technologies in the fourth quarter valued at about $63,949,000. Nuveen LLC bought a new position in Atmus Filtration Technologies during the first quarter worth about $48,966,000. Invesco Ltd. raised its stake in Atmus Filtration Technologies by 84.8% in the 1st quarter. Invesco Ltd. now owns 2,157,850 shares of the company's stock worth $79,258,000 after purchasing an additional 990,468 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its stake in Atmus Filtration Technologies by 44.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,911,153 shares of the company's stock worth $74,879,000 after purchasing an additional 584,270 shares in the last quarter. 32.73% of the stock is currently owned by institutional investors.

Atmus Filtration Technologies Price Performance

Shares of ATMU traded up $0.08 during midday trading on Thursday, hitting $42.39. The company's stock had a trading volume of 390,369 shares, compared to its average volume of 798,288. Atmus Filtration Technologies Inc. has a one year low of $30.94 and a one year high of $45.92. The company's fifty day simple moving average is $38.42 and its two-hundred day simple moving average is $37.41. The company has a quick ratio of 1.43, a current ratio of 2.15 and a debt-to-equity ratio of 1.75. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 5.28 and a beta of 1.64.

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

Atmus Filtration Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be issued a dividend of $0.055 per share. 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 annualized dividend and a dividend yield of 0.5%. Atmus Filtration Technologies's dividend payout ratio (DPR) is 8.85%.

Wall Street Analysts Forecast Growth

ATMU has been the topic of a number of analyst reports. The Goldman Sachs Group lowered shares of Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 target price on the stock. in a research report on Tuesday, May 27th. Wells Fargo & Company raised 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. JPMorgan Chase & Co. reissued a "neutral" rating and set a $46.00 target price (up from $44.00) on shares of Atmus Filtration Technologies in a report on Wednesday. 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 report on Monday, August 11th. Finally, Wall Street Zen raised Atmus Filtration Technologies from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 16th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Atmus Filtration Technologies has an average rating of "Hold" and an average price target of $43.80.

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.