Atmus Filtration Technologies Inc. $ATMU Shares Sold by Watchtower Advisors LP

Watchtower Advisors LP lowered its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 13.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 166,932 shares of the company’s stock after selling 26,534 shares during the quarter. Atmus Filtration Technologies accounts for 3.6% of Watchtower Advisors LP’s holdings, making the stock its 13th biggest position. Watchtower Advisors LP owned approximately 0.20% of Atmus Filtration Technologies worth $6,080,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ATMU. Jones Financial Companies Lllp lifted its holdings in shares of Atmus Filtration Technologies by 143.1% in the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after buying an additional 412 shares during the period. SouthState Corp purchased a new position in shares of Atmus Filtration Technologies during the 1st quarter valued at approximately $27,000. Bessemer Group Inc. lifted its holdings in Atmus Filtration Technologies by 31.4% during the second quarter. Bessemer Group Inc. now owns 1,138 shares of the company’s stock valued at $42,000 after purchasing an additional 272 shares in the last quarter. Strs Ohio acquired a new stake in shares of Atmus Filtration Technologies in the first quarter valued at about $121,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Atmus Filtration Technologies during the second quarter worth about $216,000. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Atmus Filtration Technologies Stock Performance

Atmus Filtration Technologies stock opened at $51.18 on Tuesday. The firm has a 50 day simple moving average of $46.24 and a 200-day simple moving average of $42.06. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 21.32, a price-to-earnings-growth ratio of 3.31 and a beta of 1.57. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.14 and a quick ratio of 1.41. Atmus Filtration Technologies Inc. has a 1-year low of $30.94 and a 1-year high of $51.84.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings data on Friday, November 7th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.08. The firm had revenue of $447.70 million for the quarter, compared to analysts’ expectations of $415.02 million. Atmus Filtration Technologies had a return on equity of 76.84% and a net margin of 11.57%.The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 earnings per share. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. On average, analysts expect that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be paid a $0.055 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.4%. Atmus Filtration Technologies’s payout ratio is presently 9.17%.

Analysts Set New Price Targets

ATMU has been the topic of a number of research reports. JPMorgan Chase & Co. raised shares of Atmus Filtration Technologies from a “neutral” rating to an “overweight” rating and raised their price target for the company from $53.00 to $60.00 in a research note on Wednesday, November 26th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, October 8th. Wells Fargo & Company boosted their price target on Atmus Filtration Technologies from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, November 10th. Wall Street Zen raised shares of Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 15th. Finally, Robert W. Baird increased their target price 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. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.00.

Atmus Filtration Technologies Company 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.