William Blair Investment Management LLC Sells 62,808 Shares of Atmus Filtration Technologies Inc. $ATMU

William Blair Investment Management LLC lessened its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 7.3% during the second quarter, HoldingsChannel.com reports. The firm owned 797,283 shares of the company’s stock after selling 62,808 shares during the period. William Blair Investment Management LLC’s holdings in Atmus Filtration Technologies were worth $29,037,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp lifted its position in shares of 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 purchasing an additional 412 shares in the last quarter. SouthState Corp bought a new stake in shares of Atmus Filtration Technologies in the first quarter worth $27,000. Strs Ohio bought a new stake in Atmus Filtration Technologies during the first quarter worth $121,000. Wealth Enhancement Advisory Services LLC bought a new stake in Atmus Filtration Technologies during the second quarter worth $216,000. Finally, Freedom Investment Management Inc. bought a new stake in Atmus Filtration Technologies during the first quarter worth $225,000. Institutional investors own 32.73% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Robert W. Baird upped 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. Wall Street Zen raised shares of Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 20th. JPMorgan Chase & Co. upped their price target on shares of Atmus Filtration Technologies from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. Wells Fargo & Company upped their price target on shares of Atmus Filtration Technologies from $42.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 18th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Atmus Filtration Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $45.60.

Atmus Filtration Technologies Trading Down 0.9%

ATMU stock opened at $44.00 on Monday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.43 and a current ratio of 2.15. The company’s 50-day simple moving average is $44.70 and its 200 day simple moving average is $39.26. Atmus Filtration Technologies Inc. has a 52 week low of $30.94 and a 52 week high of $47.10. The company has a market capitalization of $3.61 billion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 5.29 and a beta of 1.63.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings results on Friday, August 8th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09. Atmus Filtration Technologies had a net margin of 11.22% and a return on equity of 83.23%. The business had revenue of $453.50 million for the quarter, compared to the consensus estimate of $433.51 million. During the same period in the prior year, the company posted $0.71 earnings per share. Atmus Filtration Technologies’s revenue was up 4.8% compared to the same quarter last year. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. As a group, sell-side analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th were paid a dividend of $0.055 per share. The ex-dividend date was 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 currently 9.73%.

About Atmus Filtration Technologies

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.