Eminence Capital LP Purchases 691,939 Shares of Atmus Filtration Technologies Inc. $ATMU

Eminence Capital LP boosted its position in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 12.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,448,993 shares of the company’s stock after purchasing an additional 691,939 shares during the quarter. Atmus Filtration Technologies comprises approximately 2.8% of Eminence Capital LP’s investment portfolio, making the stock its 7th largest position. Eminence Capital LP owned about 7.85% of Atmus Filtration Technologies worth $234,872,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ATMU. Engineers Gate Manager LP lifted its stake in shares of Atmus Filtration Technologies by 73.1% in the second quarter. Engineers Gate Manager LP now owns 102,116 shares of the company’s stock worth $3,719,000 after buying an additional 43,122 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Atmus Filtration Technologies by 37.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 318,097 shares of the company’s stock worth $11,585,000 after purchasing an additional 87,060 shares in the last quarter. PDT Partners LLC boosted its holdings in shares of Atmus Filtration Technologies by 17.6% during the 2nd quarter. PDT Partners LLC now owns 117,970 shares of the company’s stock worth $4,296,000 after purchasing an additional 17,616 shares during the last quarter. California State Teachers Retirement System grew its position in shares of Atmus Filtration Technologies by 0.3% in the second quarter. California State Teachers Retirement System now owns 83,277 shares of the company’s stock valued at $3,033,000 after purchasing an additional 236 shares in the last quarter. Finally, Raymond James Financial Inc. increased its holdings in shares of Atmus Filtration Technologies by 41.7% in the second quarter. Raymond James Financial Inc. now owns 949,950 shares of the company’s stock valued at $34,597,000 after purchasing an additional 279,681 shares during the last quarter. Institutional investors and hedge funds own 32.73% of the company’s stock.

Atmus Filtration Technologies Stock Performance

NYSE ATMU opened at $52.74 on Friday. The company has a market cap of $4.30 billion, a P/E ratio of 21.98, a P/E/G ratio of 3.49 and a beta of 1.58. Atmus Filtration Technologies Inc. has a 1-year low of $30.94 and a 1-year high of $53.66. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.14 and a quick ratio of 1.41. The stock has a 50-day moving average of $47.58 and a two-hundred day moving average of $42.92.

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

Atmus Filtration Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th were issued a $0.055 dividend. The ex-dividend date was Tuesday, November 25th. This represents a $0.22 dividend on an annualized basis and a yield of 0.4%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 9.17%.

Analysts Set New Price Targets

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

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.