157,367 Shares in Atmus Filtration Technologies Inc. $ATMU Purchased by Woodline Partners LP

Key Points

• Woodline Partners LP has acquired a new stake in Atmus Filtration Technologies Inc. (NYSE: ATMU), purchasing 157,367 shares valued at approximately $5.78 million, representing around 0.19% of the company.
• Atmus recently boosted its quarterly dividend from $0.05 to $0.055 per share, indicating a commitment to returning value to shareholders.
• The company's earnings report showed a profit of $0.75 per share, which exceeded analysts' estimates, along with a revenue increase to $453.50 million compared to last year.

Woodline Partners LP bought a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 157,367 shares of the company's stock, valued at approximately $5,780,000. Woodline Partners LP owned about 0.19% of Atmus Filtration Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Teachers Retirement System of The State of Kentucky bought a new position in shares of Atmus Filtration Technologies during the 1st quarter valued at about $876,000. SG Americas Securities LLC bought a new position in shares of Atmus Filtration Technologies during the 1st quarter valued at about $324,000. Oppenheimer Asset Management Inc. boosted its holdings in shares of Atmus Filtration Technologies by 12.2% during the 1st 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 last quarter. Millennium Management LLC boosted its holdings in shares of Atmus Filtration Technologies by 91.1% during the 4th 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 last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Atmus Filtration Technologies during the 4th quarter valued at about $260,000. Institutional investors own 32.73% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on ATMU. Wells Fargo & Company boosted their price target on shares of Atmus Filtration Technologies from $37.00 to $39.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Wall Street Zen cut shares of Atmus Filtration Technologies from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 24th. Robert W. Baird boosted their price target on shares of Atmus Filtration Technologies from $41.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, August 11th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $46.00 price target (up previously from $44.00) on shares of Atmus Filtration Technologies in a research report on Wednesday, August 20th. Finally, The Goldman Sachs Group cut shares of Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 price target on the stock. in a research report on Tuesday, May 27th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $43.80.

Atmus Filtration Technologies Trading Up 0.1%

Shares of ATMU traded up $0.04 during trading hours on Monday, reaching $46.41. 771,303 shares of the company traded hands, compared to its average volume of 694,964. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 5.58 and a beta of 1.65. Atmus Filtration Technologies Inc. has a 12-month low of $30.94 and a 12-month high of $47.10. The company has a current ratio of 2.15, a quick ratio of 1.43 and a debt-to-equity ratio of 1.75. The stock's fifty day moving average price is $41.56 and its 200 day moving average price is $38.02.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its earnings results on Friday, August 8th. The company reported $0.75 earnings per share (EPS) for the quarter, beating 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 net margin of 11.22% and a return on equity of 83.23%. The business's revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 earnings per share. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. Sell-side analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Increases Dividend

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