Sandler Capital Management Has $1.45 Million Stock Position in Atmus Filtration Technologies Inc. $ATMU

Key Points

• Sandler Capital Management significantly reduced its holdings in Atmus Filtration Technologies by 58.3%, decreasing its share count from 94,285 to 39,355 during the 1st quarter.
• Several hedge funds increased their stakes in Atmus Filtration Technologies, with Xponance Inc. boosting its holdings by 5.6%, indicating ongoing institutional interest despite Sandler's cut.
• Atmus Filtration Technologies declared a quarterly dividend increase from $0.05 to $0.055, reflecting a positive change in its dividend policy.

Sandler Capital Management cut its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 58.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,355 shares of the company's stock after selling 54,930 shares during the period. Sandler Capital Management's holdings in Atmus Filtration Technologies were worth $1,446,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Xponance Inc. grew its stake in shares of Atmus Filtration Technologies by 5.6% in the 1st 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. Hohimer Wealth Management LLC grew its stake in shares of Atmus Filtration Technologies by 4.5% in the 1st quarter. Hohimer Wealth Management LLC now owns 9,053 shares of the company's stock valued at $333,000 after purchasing an additional 386 shares during the period. Graham Capital Management L.P. grew its stake in shares of Atmus Filtration Technologies by 1.9% in the 4th quarter. Graham Capital Management L.P. now owns 27,511 shares of the company's stock valued at $1,078,000 after purchasing an additional 511 shares during the period. SouthState Corp bought a new stake in shares of Atmus Filtration Technologies in the 1st quarter valued at approximately $27,000. Finally, Gabelli Funds LLC grew its stake in shares of Atmus Filtration Technologies by 3.9% in the 1st quarter. Gabelli Funds LLC now owns 26,500 shares of the company's stock valued at $973,000 after purchasing an additional 1,000 shares during the period. 32.73% of the stock is currently owned by institutional investors.

Atmus Filtration Technologies Trading Up 2.6%

NYSE:ATMU traded up $1.17 during trading hours on Thursday, hitting $46.68. 681,269 shares of the stock were exchanged, compared to its average volume of 792,944. The company's 50 day moving average is $41.04 and its two-hundred day moving average is $37.88. Atmus Filtration Technologies Inc. has a twelve month low of $30.94 and a twelve month high of $46.72. 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 company has a market capitalization of $3.83 billion, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 5.47 and a beta of 1.65.

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 for the quarter, beating analysts' consensus estimates of $0.66 by $0.09. The company had revenue of $453.50 million for the quarter, compared to the consensus estimate 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 in the prior year, the business posted $0.71 EPS. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. On average, sell-side analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th were paid a $0.055 dividend. This is an increase from Atmus Filtration Technologies's previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Tuesday, August 26th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.5%. Atmus Filtration Technologies's dividend payout ratio (DPR) is currently 9.73%.

Analysts Set New Price Targets

Several research firms have recently weighed in on ATMU. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $46.00 price objective (up from $44.00) on shares of Atmus Filtration Technologies in a research note on Wednesday, August 20th. Wall Street Zen downgraded Atmus Filtration Technologies from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 24th. Robert W. Baird boosted 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. The Goldman Sachs Group downgraded Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 target price on the stock. in a report on Tuesday, May 27th. Finally, Wells Fargo & Company boosted their target price on Atmus Filtration Technologies from $37.00 to $39.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 1st. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, Atmus Filtration Technologies currently has an average rating of "Hold" and a consensus target price 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.