Envestnet Asset Management Inc. Has $1.70 Million Stock Holdings in Atmus Filtration Technologies Inc. $ATMU

Envestnet Asset Management Inc. grew its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 2.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,644 shares of the company’s stock after buying an additional 1,283 shares during the quarter. Envestnet Asset Management Inc. owned 0.06% of Atmus Filtration Technologies worth $1,699,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Eminence Capital LP lifted its position in Atmus Filtration Technologies by 25.4% in the 1st quarter. Eminence Capital LP now owns 5,757,054 shares of the company’s stock valued at $211,457,000 after acquiring an additional 1,164,440 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Atmus Filtration Technologies by 24.5% in the first quarter. Wellington Management Group LLP now owns 2,425,657 shares of the company’s stock worth $89,094,000 after purchasing an additional 478,018 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Atmus Filtration Technologies by 84.8% in the first quarter. Invesco Ltd. now owns 2,157,850 shares of the company’s stock valued at $79,258,000 after purchasing an additional 990,468 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of 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 valued at $61,633,000 after buying an additional 45,806 shares during the last quarter. Finally, Nuveen LLC bought a new stake in Atmus Filtration Technologies during the first quarter worth $48,966,000. Institutional investors and hedge funds own 32.73% of the company’s stock.

Atmus Filtration Technologies Stock Performance

NYSE ATMU opened at $46.86 on Thursday. The company has a market capitalization of $3.82 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 3.03 and a beta of 1.62. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.41 and a current ratio of 2.14. Atmus Filtration Technologies Inc. has a 52-week low of $30.94 and a 52-week high of $51.84. The company has a 50-day simple moving average of $45.74 and a 200 day simple moving average of $41.34.

Atmus Filtration Technologies (NYSE:ATMU) last released its earnings results on Friday, November 7th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $447.70 million for the quarter, compared to analysts’ expectations of $415.02 million. During the same period in the previous year, the company earned $0.61 earnings per share. The company’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, research analysts predict that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, November 25th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is currently 9.17%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised their price objective on Atmus Filtration Technologies from $47.00 to $53.00 and gave the company a “neutral” rating in a research note on Monday, November 10th. Robert W. Baird raised their price target on shares of Atmus Filtration Technologies from $41.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, August 11th. Wells Fargo & Company boosted their price target on shares of Atmus Filtration Technologies from $47.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday, November 10th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 15th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $47.25.

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.