JPMorgan Chase & Co. Lowers Stock Holdings in Atmus Filtration Technologies Inc. $ATMU

JPMorgan Chase & Co. cut its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 5.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 506,807 shares of the company’s stock after selling 27,530 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.62% of Atmus Filtration Technologies worth $22,852,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. California State Teachers Retirement System boosted its holdings in shares of Atmus Filtration Technologies by 0.3% in the second quarter. California State Teachers Retirement System now owns 83,277 shares of the company’s stock valued at $3,033,000 after purchasing an additional 236 shares during the period. Verdence Capital Advisors LLC increased its holdings in Atmus Filtration Technologies by 2.1% during the 3rd quarter. Verdence Capital Advisors LLC now owns 13,678 shares of the company’s stock worth $626,000 after purchasing an additional 285 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Atmus Filtration Technologies by 5.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,021 shares of the company’s stock valued at $266,000 after purchasing an additional 301 shares in the last quarter. Creative Planning lifted its holdings in shares of Atmus Filtration Technologies by 4.9% in the 2nd quarter. Creative Planning now owns 6,688 shares of the company’s stock worth $244,000 after buying an additional 312 shares during the period. Finally, Arizona State Retirement System lifted its holdings in shares of Atmus Filtration Technologies by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 24,461 shares of the company’s stock worth $1,103,000 after buying an additional 336 shares during the period. Institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Trading Up 2.1%

Shares of NYSE:ATMU opened at $59.27 on Wednesday. The company has a market capitalization of $4.83 billion, a PE ratio of 23.71, a P/E/G ratio of 2.61 and a beta of 1.48. The company has a current ratio of 2.42, a quick ratio of 1.66 and a debt-to-equity ratio of 1.43. Atmus Filtration Technologies Inc. has a 12-month low of $30.94 and a 12-month high of $66.50. The business’s fifty day simple moving average is $60.06 and its 200-day simple moving average is $52.58.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings data on Friday, February 13th. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.09. Atmus Filtration Technologies had a return on equity of 69.78% and a net margin of 11.76%.The firm had revenue of $446.60 million during the quarter, compared to analysts’ expectations of $422.25 million. During the same period in the prior year, the business posted $0.58 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. As a group, equities research analysts predict that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Friday, February 20th were given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, February 20th. Atmus Filtration Technologies’s dividend payout ratio is presently 8.80%.

Analyst Ratings Changes

Several brokerages have recently commented on ATMU. Citigroup restated an “outperform” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, February 18th. JPMorgan Chase & Co. upped their price objective on shares of Atmus Filtration Technologies from $60.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Wall Street Zen upgraded shares of Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 14th. Zacks Research raised shares of Atmus Filtration Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $59.75.

Atmus Filtration Technologies Company 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.