William Blair Investment Management LLC lessened its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU – Free Report) by 9.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 681,972 shares of the company’s stock after selling 69,785 shares during the quarter. William Blair Investment Management LLC’s holdings in Atmus Filtration Technologies were worth $35,401,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the stock. Legato Capital Management LLC bought a new stake in shares of Atmus Filtration Technologies in the 4th quarter worth approximately $439,000. Global Retirement Partners LLC raised its holdings in shares of Atmus Filtration Technologies by 53.7% in the 4th quarter. Global Retirement Partners LLC now owns 1,319 shares of the company’s stock worth $68,000 after purchasing an additional 461 shares during the period. Jag Capital Management LLC raised its holdings in shares of Atmus Filtration Technologies by 18.3% in the 4th quarter. Jag Capital Management LLC now owns 5,630 shares of the company’s stock worth $292,000 after purchasing an additional 871 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Atmus Filtration Technologies by 87.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 849 shares of the company’s stock worth $44,000 after purchasing an additional 397 shares during the period. Finally, Handelsbanken Fonder AB raised its holdings in shares of Atmus Filtration Technologies by 35.2% in the 4th quarter. Handelsbanken Fonder AB now owns 31,900 shares of the company’s stock worth $1,656,000 after purchasing an additional 8,300 shares during the period. Institutional investors own 32.73% of the company’s stock.
Analyst Upgrades and Downgrades
ATMU has been the topic of a number of research reports. Citigroup reaffirmed an “outperform” rating on shares of Atmus Filtration Technologies in a report on Wednesday, February 18th. JPMorgan Chase & Co. lowered their price target on shares of Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating on the stock in a report on Monday, May 4th. Wall Street Zen cut shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Sunday, May 10th. Wells Fargo & Company lowered their price target on shares of Atmus Filtration Technologies from $67.00 to $58.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 1st. Finally, Weiss Ratings cut shares of Atmus Filtration Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Atmus Filtration Technologies currently has an average rating of “Moderate Buy” and an average target price of $56.75.
Atmus Filtration Technologies Trading Up 0.1%
Shares of ATMU stock opened at $48.88 on Monday. The company’s fifty day simple moving average is $57.81 and its two-hundred day simple moving average is $56.27. The company has a debt-to-equity ratio of 2.47, a current ratio of 2.53 and a quick ratio of 1.70. Atmus Filtration Technologies Inc. has a 1 year low of $34.58 and a 1 year high of $66.50. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 2.09 and a beta of 1.47.
Atmus Filtration Technologies (NYSE:ATMU – Get Free Report) last issued its earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $474.41 million. During the same quarter in the previous year, the firm posted $0.63 EPS. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. As a group, analysts anticipate that Atmus Filtration Technologies Inc. will post 2.95 earnings per share for the current year.
Atmus Filtration Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 26th will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $0.22 dividend on an annualized basis and a yield of 0.5%. Atmus Filtration Technologies’s payout ratio is presently 8.63%.
Insider Transactions at Atmus Filtration Technologies
In other Atmus Filtration Technologies news, Director Gretchen R. Haggerty bought 1,973 shares of the stock in a transaction on Tuesday, May 12th. The shares were acquired at an average price of $55.74 per share, with a total value of $109,975.02. Following the acquisition, the director directly owned 25,741 shares of the company’s stock, valued at $1,434,803.34. The trade was a 8.30% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.43% of the stock is owned by insiders.
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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