Tweedy Browne Co LLC Sells 48,607 Shares of Atmus Filtration Technologies Inc. $ATMU

Tweedy Browne Co LLC cut its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 54.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,550 shares of the company's stock after selling 48,607 shares during the period. Tweedy Browne Co LLC's holdings in Atmus Filtration Technologies were worth $2,105,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp lifted its holdings in Atmus Filtration Technologies by 143.1% in the first quarter. Jones Financial Companies Lllp now owns 700 shares of the company's stock worth $26,000 after buying an additional 412 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Atmus Filtration Technologies by 93.6% in the second quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company's stock worth $49,000 after buying an additional 644 shares during the period. Osaic Holdings Inc. lifted its holdings in Atmus Filtration Technologies by 54.8% in the second quarter. Osaic Holdings Inc. now owns 2,471 shares of the company's stock worth $90,000 after buying an additional 875 shares during the period. GAMMA Investing LLC lifted its holdings in Atmus Filtration Technologies by 14.7% in the fourth quarter. GAMMA Investing LLC now owns 2,223 shares of the company's stock worth $115,000 after buying an additional 285 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in Atmus Filtration Technologies by 539.8% in the fourth quarter. Farther Finance Advisors LLC now owns 2,316 shares of the company's stock worth $120,000 after buying an additional 1,954 shares during the period. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Zacks Research lowered shares of Atmus Filtration Technologies from a "strong-buy" rating to a "hold" rating in a report on Monday, April 6th. Weiss Ratings restated a "buy (b-)" rating on shares of Atmus Filtration Technologies in a report on Wednesday, January 21st. Robert W. Baird lowered their price objective on shares of Atmus Filtration Technologies from $66.00 to $63.00 and set an "outperform" rating for the company in a report on Monday. Citigroup restated an "outperform" rating on shares of Atmus Filtration Technologies in a report on Wednesday, February 18th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Atmus Filtration Technologies from $70.00 to $67.00 and set an "overweight" rating for the company in a research note on Monday. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $56.75.

Atmus Filtration Technologies Price Performance

Shares of NYSE ATMU opened at $53.38 on Wednesday. Atmus Filtration Technologies Inc. has a fifty-two week low of $34.58 and a fifty-two week high of $66.50. The company has a 50 day simple moving average of $60.35 and a two-hundred day simple moving average of $55.63. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 20.93, a P/E/G ratio of 2.30 and a beta of 1.47. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.66 and a current ratio of 2.53.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced its earnings results on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.04. Atmus Filtration Technologies had a net margin of 11.56% and a return on equity of 64.29%. The business had revenue of $477.50 million during the quarter, compared to the consensus estimate of $474.41 million. During the same quarter last year, the firm earned $0.63 earnings per share. The business's revenue for the quarter was up 14.6% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. Analysts expect that Atmus Filtration Technologies Inc. will post 2.91 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Friday, February 20th were paid a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.4%. Atmus Filtration Technologies's dividend payout ratio (DPR) is currently 8.63%.

About Atmus Filtration Technologies

Atmus Filtration Technologies is a global developer and manufacturer of high-performance filter media and filtration solutions. The company designs and produces advanced materials that capture airborne particles across a range of applications, from heating, ventilation and air-conditioning (HVAC) systems to industrial and cleanroom environments. By focusing on proprietary meltblown and nanofiber technologies, Atmus delivers media that balances efficiency, airflow and durability for both original equipment manufacturers (OEMs) and aftermarket customers.

The company’s product portfolio encompasses pleated and panel filter media, depth filtration products and specialty laminates used in industries such as commercial buildings, healthcare, transportation and power generation.

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