Tema Etfs LLC Has $5.63 Million Stock Position in Atmus Filtration Technologies Inc. $ATMU

Key Points

• Tema Etfs LLC increased its stake in Atmus Filtration Technologies by 35.2%, acquiring an additional 39,845 shares during the first quarter.
• Atmus Filtration Technologies reported a quarterly earnings per share (EPS) of $0.75, exceeding the consensus estimate of $0.66.
• The company announced a quarterly dividend of $0.055 per share, marking an increase from the previous dividend of $0.05.

Tema Etfs LLC lifted its position in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 35.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 153,177 shares of the company's stock after purchasing an additional 39,845 shares during the quarter. Atmus Filtration Technologies accounts for 1.7% of Tema Etfs LLC's portfolio, making the stock its 16th largest position. Tema Etfs LLC owned about 0.19% of Atmus Filtration Technologies worth $5,626,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Gabelli Funds LLC raised its stake in Atmus Filtration Technologies by 3.9% during the first quarter. Gabelli Funds LLC now owns 26,500 shares of the company's stock worth $973,000 after acquiring an additional 1,000 shares in the last quarter. Freedom Investment Management Inc. acquired a new position in Atmus Filtration Technologies during the first quarter worth $225,000. AlphaQuest LLC raised its stake in Atmus Filtration Technologies by 45.0% during the first quarter. AlphaQuest LLC now owns 18,582 shares of the company's stock worth $683,000 after acquiring an additional 5,768 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Atmus Filtration Technologies by 2.8% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,677,985 shares of the company's stock worth $61,633,000 after acquiring an additional 45,806 shares in the last quarter. Finally, Quantbot Technologies LP raised its stake in Atmus Filtration Technologies by 30.0% during the first quarter. Quantbot Technologies LP now owns 101,086 shares of the company's stock worth $3,713,000 after acquiring an additional 23,351 shares in the last quarter. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Atmus Filtration Technologies Price Performance

Shares of NYSE:ATMU traded down $0.07 during midday trading on Monday, reaching $44.52. The company's stock had a trading volume of 604,339 shares, compared to its average volume of 902,202. Atmus Filtration Technologies Inc. has a fifty-two week low of $30.94 and a fifty-two week high of $45.92. The company has a market capitalization of $3.66 billion, a P/E ratio of 19.70, a P/E/G ratio of 5.36 and a beta of 1.65. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.43. The business's fifty day simple moving average is $39.61 and its 200-day simple moving average is $37.53.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.09. The firm 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 company's revenue was up 4.8% on a year-over-year basis. During the same period last year, the company earned $0.71 earnings per share. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. As a group, equities research analysts expect that Atmus Filtration Technologies Inc. will post 2.52 EPS 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 given a $0.055 dividend. The ex-dividend date is Tuesday, August 26th. This is a positive change from Atmus Filtration Technologies's previous quarterly dividend of $0.05. 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%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ATMU shares. Wall Street Zen lowered Atmus Filtration Technologies from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 24th. Wells Fargo & Company increased 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. restated a "neutral" rating and issued a $46.00 target price (up from $44.00) on shares of Atmus Filtration Technologies in a research note on Wednesday, August 20th. Robert W. Baird raised 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. Finally, The Goldman Sachs Group lowered Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 target price for the company. in a research note on Tuesday, May 27th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $43.80.

Atmus Filtration Technologies Company 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.