Geode Capital Management LLC Grows Stock Holdings in Atmus Filtration Technologies Inc. $ATMU

Geode Capital Management LLC raised its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,428,684 shares of the company’s stock after purchasing an additional 54,376 shares during the period. Geode Capital Management LLC’s holdings in Atmus Filtration Technologies were worth $126,088,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ATMU. Channing Capital Management LLC grew its stake in shares of 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 valued at $77,330,000 after buying an additional 1,662,931 shares during the last quarter. Kennedy Capital Management LLC grew its stake in shares of Atmus Filtration Technologies by 90.6% in the third quarter. Kennedy Capital Management LLC now owns 351,610 shares of the company’s stock worth $15,854,000 after purchasing an additional 167,095 shares during the last quarter. Altrinsic Global Advisors LLC grew its stake in shares of Atmus Filtration Technologies by 21.8% in the third quarter. Altrinsic Global Advisors LLC now owns 251,382 shares of the company’s stock worth $11,335,000 after purchasing an additional 45,005 shares during the last quarter. Mangrove Partners IM LLC boosted its position in Atmus Filtration Technologies by 21.0% during the 3rd quarter. Mangrove Partners IM LLC now owns 1,330,553 shares of the company’s stock valued at $59,995,000 after acquiring an additional 230,922 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in Atmus Filtration Technologies by 49.1% during the 3rd quarter. First Trust Advisors LP now owns 1,527,957 shares of the company’s stock valued at $68,896,000 after acquiring an additional 503,383 shares in the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on ATMU. JPMorgan Chase & Co. lowered their price objective on Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating for the company in a research report on Monday, May 4th. Zacks Research lowered shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Robert W. Baird decreased their price objective on shares of Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Weiss Ratings upgraded shares of Atmus Filtration Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, May 26th. Finally, Citigroup restated an “outperform” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, February 18th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $62.67.

Insider Buying and Selling

In related news, CFO Jack Kienzler sold 5,132 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $45.25, for a total value of $232,223.00. Following the sale, the chief financial officer directly owned 75,804 shares of the company’s stock, valued at $3,430,131. This represents a 6.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Gretchen R. Haggerty bought 1,973 shares of Atmus Filtration Technologies stock in a transaction dated Tuesday, May 12th. The shares were bought at an average cost of $55.74 per share, for a total transaction of $109,975.02. Following the completion of the transaction, the director owned 25,741 shares of the company’s stock, valued at approximately $1,434,803.34. This trade represents a 8.30% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 36,240 shares of company stock worth $1,639,860 over the last three months. 0.43% of the stock is currently owned by company insiders.

Atmus Filtration Technologies Stock Performance

Shares of NYSE:ATMU opened at $47.09 on Friday. The company has a quick ratio of 1.70, a current ratio of 2.53 and a debt-to-equity ratio of 2.47. Atmus Filtration Technologies Inc. has a 52 week low of $34.58 and a 52 week high of $66.50. The firm has a fifty day simple moving average of $56.15 and a two-hundred day simple moving average of $56.26. The stock has a market capitalization of $3.85 billion, a P/E ratio of 18.47, a PEG ratio of 2.03 and a beta of 1.24.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings results on Friday, May 1st. The company reported $0.69 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 firm had revenue of $477.50 million during the quarter, compared to the consensus estimate of $474.41 million. During the same quarter last year, the firm earned $0.63 EPS. The firm’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. On average, analysts expect that Atmus Filtration Technologies Inc. will post 2.95 earnings per share for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Tuesday, May 26th will be issued a $0.055 dividend. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.5%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is presently 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.