Atmus Filtration Technologies Inc. $ATMU Position Lowered by Intech Investment Management LLC

Intech Investment Management LLC reduced its position in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 29.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,984 shares of the company’s stock after selling 17,352 shares during the quarter. Intech Investment Management LLC’s holdings in Atmus Filtration Technologies were worth $1,848,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ATMU. Jag Capital Management LLC acquired a new position in shares of Atmus Filtration Technologies in the 3rd quarter worth approximately $215,000. Channing Capital Management LLC lifted its stake in Atmus Filtration Technologies by 3,192.8% during the third quarter. Channing Capital Management LLC now owns 1,715,015 shares of the company’s stock worth $77,330,000 after purchasing an additional 1,662,931 shares during the last quarter. Advyzon Investment Management LLC acquired a new position in Atmus Filtration Technologies in the third quarter worth $204,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in Atmus Filtration Technologies during the third quarter valued at $264,000. Finally, Cornerstone Investment Partners LLC acquired a new stake in shares of Atmus Filtration Technologies during the third quarter worth $218,000. Institutional investors and hedge funds own 32.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ATMU shares. Zacks Research raised shares of Atmus Filtration Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 25th. JPMorgan Chase & Co. lifted their target price on Atmus Filtration Technologies from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, January 21st. Wells Fargo & Company raised their price target on Atmus Filtration Technologies from $54.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 17th. Finally, Robert W. Baird boosted their price objective on Atmus Filtration Technologies from $59.00 to $69.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $59.75.

Atmus Filtration Technologies Stock Up 1.5%

ATMU opened at $63.79 on Thursday. Atmus Filtration Technologies Inc. has a 12 month low of $30.94 and a 12 month high of $66.50. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.42 and a quick ratio of 1.66. The stock has a market cap of $5.20 billion, a P/E ratio of 25.52, a P/E/G ratio of 2.83 and a beta of 1.48. The stock’s 50 day moving average price is $58.85 and its 200 day moving average price is $51.20.

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

Atmus Filtration Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Friday, February 20th were paid a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a $0.22 annualized dividend and a yield of 0.3%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is presently 8.80%.

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.