Hussman Strategic Advisors Inc. Has $1.53 Million Stock Holdings in Atmus Filtration Technologies Inc. $ATMU

Hussman Strategic Advisors Inc. lifted its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 33.3% during the second quarter, HoldingsChannel reports. The firm owned 42,000 shares of the company’s stock after buying an additional 10,500 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in Atmus Filtration Technologies were worth $1,530,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ATMU. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Atmus Filtration Technologies during the first quarter worth about $876,000. KLP Kapitalforvaltning AS increased its stake in Atmus Filtration Technologies by 8.6% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 18,900 shares of the company’s stock worth $688,000 after purchasing an additional 1,500 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Atmus Filtration Technologies during the 2nd quarter worth approximately $216,000. Charles Schwab Investment Management Inc. lifted its stake in Atmus Filtration Technologies by 6.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 799,222 shares of the company’s stock valued at $29,355,000 after buying an additional 45,727 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Atmus Filtration Technologies by 6.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,439 shares of the company’s stock valued at $898,000 after buying an additional 1,411 shares during the period. Institutional investors and hedge funds own 32.73% of the company’s stock.

Atmus Filtration Technologies Trading Up 1.1%

Atmus Filtration Technologies stock opened at $45.99 on Tuesday. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 20.35, a P/E/G ratio of 5.47 and a beta of 1.62. The firm has a 50-day moving average of $45.12 and a 200-day moving average of $40.25. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.43. Atmus Filtration Technologies Inc. has a one year low of $30.94 and a one year high of $47.87.

Atmus Filtration Technologies (NYSE:ATMU) last released its earnings results on Friday, August 8th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.09. Atmus Filtration Technologies had a return on equity of 83.23% and a net margin of 11.22%.The business had revenue of $453.50 million for the quarter, compared to analyst estimates of $433.51 million. During the same quarter in the prior year, the company posted $0.71 earnings per share. Atmus Filtration Technologies’s revenue was up 4.8% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. On average, equities analysts expect that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th were paid a dividend of $0.055 per share. The ex-dividend date was Tuesday, August 26th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from Atmus Filtration Technologies’s previous quarterly dividend of $0.05. Atmus Filtration Technologies’s dividend payout ratio (DPR) is currently 9.73%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ATMU shares. Robert W. Baird raised their price objective on shares of Atmus Filtration Technologies from $41.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, August 11th. Wells Fargo & Company lifted their price target on Atmus Filtration Technologies from $42.00 to $47.00 and gave the company an “equal weight” rating in a research note on Thursday, September 18th. JPMorgan Chase & Co. boosted their price target on Atmus Filtration Technologies from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, October 14th. Wall Street Zen downgraded Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $45.60.

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.