Anchor Capital Advisors LLC Trims Stake in Atmus Filtration Technologies Inc. $ATMU

Anchor Capital Advisors LLC decreased its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 68.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 17,953 shares of the company’s stock after selling 39,679 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Atmus Filtration Technologies were worth $810,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. KLP Kapitalforvaltning AS raised its position in shares of Atmus Filtration Technologies by 8.6% in the second quarter. KLP Kapitalforvaltning AS now owns 18,900 shares of the company’s stock valued at $688,000 after buying an additional 1,500 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Atmus Filtration Technologies in the 2nd quarter worth approximately $216,000. Public Employees Retirement System of Ohio raised its holdings in Atmus Filtration Technologies by 6,661.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 13,185 shares of the company’s stock valued at $480,000 after acquiring an additional 12,990 shares during the last quarter. Geode Capital Management LLC raised its holdings in Atmus Filtration Technologies by 20.8% in the 2nd quarter. Geode Capital Management LLC now owns 2,365,362 shares of the company’s stock valued at $86,154,000 after acquiring an additional 407,484 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. lifted its stake in shares of Atmus Filtration Technologies by 33.3% during the 2nd quarter. Hussman Strategic Advisors Inc. now owns 42,000 shares of the company’s stock worth $1,530,000 after purchasing an additional 10,500 shares during the period. 32.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ATMU shares. Wall Street Zen downgraded Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 17th. Weiss Ratings reissued a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, October 8th. Zacks Research upgraded Atmus Filtration Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, December 29th. JPMorgan Chase & Co. increased their price objective on shares of Atmus Filtration Technologies from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Finally, Wells Fargo & Company raised their target price on shares of Atmus Filtration Technologies from $52.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $50.50.

Atmus Filtration Technologies Price Performance

ATMU opened at $57.35 on Thursday. Atmus Filtration Technologies Inc. has a 52-week low of $30.94 and a 52-week high of $57.85. The company has a 50 day moving average of $52.28 and a two-hundred day moving average of $46.45. The company has a market cap of $4.67 billion, a P/E ratio of 23.89, a P/E/G ratio of 2.44 and a beta of 1.57. The company has a quick ratio of 1.41, a current ratio of 2.14 and a debt-to-equity ratio of 1.63.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results on Friday, November 7th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.08. Atmus Filtration Technologies had a net margin of 11.57% and a return on equity of 76.84%. The business had revenue of $447.70 million for the quarter, compared to analyst estimates of $415.02 million. During the same quarter in the previous year, the business posted $0.61 EPS. The business’s quarterly revenue was up 10.9% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. On average, analysts expect that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th were paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Tuesday, November 25th. Atmus Filtration Technologies’s payout ratio is currently 9.17%.

Atmus Filtration Technologies Profile

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.