Atmus Filtration Technologies Inc. $ATMU is Mangrove Partners IM LLC’s 3rd Largest Position

Mangrove Partners IM LLC decreased its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,315,227 shares of the company’s stock after selling 15,326 shares during the quarter. Atmus Filtration Technologies comprises approximately 5.6% of Mangrove Partners IM LLC’s portfolio, making the stock its 3rd biggest holding. Mangrove Partners IM LLC owned about 1.61% of Atmus Filtration Technologies worth $68,273,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Eminence Capital LP raised its position in Atmus Filtration Technologies by 1.1% in the third quarter. Eminence Capital LP now owns 6,522,404 shares of the company’s stock worth $294,095,000 after acquiring an additional 73,411 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Atmus Filtration Technologies by 5.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,200,311 shares of the company’s stock valued at $166,128,000 after buying an additional 163,659 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Atmus Filtration Technologies by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 2,428,684 shares of the company’s stock valued at $126,088,000 after buying an additional 54,376 shares in the last quarter. Invesco Ltd. increased its position in shares of Atmus Filtration Technologies by 1.6% in the third quarter. Invesco Ltd. now owns 2,223,823 shares of the company’s stock valued at $100,272,000 after buying an additional 34,146 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of Atmus Filtration Technologies by 39.5% in the fourth quarter. First Trust Advisors LP now owns 2,131,911 shares of the company’s stock valued at $110,668,000 after buying an additional 603,954 shares in the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Analyst Upgrades and Downgrades

ATMU has been the subject of a number of research analyst reports. Robert W. Baird dropped their price target on Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. Wall Street Zen cut Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research report on Sunday. Wells Fargo & Company dropped their price target on Atmus Filtration Technologies from $67.00 to $58.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 1st. Citigroup restated an “outperform” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, February 18th. Finally, Zacks Research cut Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $62.67.

Insider Activity

In related news, Director Gretchen R. Haggerty acquired 1,973 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average price of $55.74 per share, for a total transaction of $109,975.02. Following the transaction, the director owned 25,741 shares in the company, valued at $1,434,803.34. This trade represents a 8.30% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Charles Masters sold 2,890 shares of Atmus Filtration Technologies stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $45.25, for a total value of $130,772.50. Following the sale, the senior vice president owned 43,579 shares of the company’s stock, valued at approximately $1,971,949.75. This represents a 6.22% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 36,240 shares of company stock worth $1,639,860 in the last quarter. Corporate insiders own 0.43% of the company’s stock.

Atmus Filtration Technologies Trading Up 3.3%

Atmus Filtration Technologies stock opened at $51.67 on Wednesday. The stock has a market cap of $4.22 billion, a PE ratio of 20.26, a P/E/G ratio of 2.14 and a beta of 1.24. The stock has a 50-day moving average price of $54.64 and a 200 day moving average price of $56.30. Atmus Filtration Technologies Inc. has a 52 week low of $34.58 and a 52 week high of $66.50. The company has a current ratio of 2.53, a quick ratio of 1.70 and a debt-to-equity ratio of 2.47.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.04. The firm had revenue of $477.50 million during the quarter, compared to analysts’ expectations of $474.41 million. Atmus Filtration Technologies had a return on equity of 64.29% and a net margin of 11.56%.The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.63 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. Equities research analysts predict that Atmus Filtration Technologies Inc. will post 2.95 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, May 26th were given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Tuesday, May 26th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is currently 8.63%.

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.