Livforsakringsbolaget Skandia Omsesidigt Decreases Stock Holdings in Atmus Filtration Technologies Inc. $ATMU

Livforsakringsbolaget Skandia Omsesidigt decreased its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 98.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 800 shares of the company’s stock after selling 74,700 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Atmus Filtration Technologies were worth $29,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp increased its position in shares of Atmus Filtration Technologies by 143.1% during the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after purchasing an additional 412 shares during the last quarter. SouthState Corp purchased a new stake in shares of Atmus Filtration Technologies during the 1st quarter valued at about $27,000. Strs Ohio purchased a new stake in shares of Atmus Filtration Technologies during the 1st quarter valued at about $121,000. Freedom Investment Management Inc. purchased a new stake in shares of Atmus Filtration Technologies during the 1st quarter valued at about $225,000. Finally, Wexford Capital LP purchased a new stake in shares of Atmus Filtration Technologies during the 4th quarter valued at about $242,000. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Wall Street Analysts Forecast Growth

ATMU has been the subject of several research reports. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $46.00 target price (up from $44.00) on shares of Atmus Filtration Technologies in a report on Wednesday, August 20th. Robert W. Baird increased their target price 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 increased their target price on shares of Atmus Filtration Technologies from $37.00 to $39.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 1st. The Goldman Sachs Group lowered shares of Atmus Filtration Technologies from a “buy” rating to a “neutral” rating and set a $39.00 target price for the company. in a report on Tuesday, May 27th. Finally, Wall Street Zen downgraded Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 24th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $43.80.

Atmus Filtration Technologies Stock Down 0.2%

NYSE ATMU opened at $46.35 on Wednesday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.43 and a current ratio of 2.15. The company has a market capitalization of $3.81 billion, a P/E ratio of 20.51, a P/E/G ratio of 5.58 and a beta of 1.65. Atmus Filtration Technologies Inc. has a one year low of $30.94 and a one year high of $47.10. The stock has a 50 day moving average price of $41.73 and a 200-day moving average price of $38.08.

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

Atmus Filtration Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th were given 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 is currently 9.73%.

About Atmus Filtration Technologies

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.