Thrivent Financial for Lutherans Cuts Position in Atmus Filtration Technologies Inc. $ATMU

Thrivent Financial for Lutherans reduced its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 37.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 410,154 shares of the company’s stock after selling 248,752 shares during the period. Thrivent Financial for Lutherans’ holdings in Atmus Filtration Technologies were worth $14,938,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ATMU. Jones Financial Companies Lllp lifted its stake in shares of Atmus Filtration Technologies by 143.1% in the first 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 period. Bessemer Group Inc. increased its holdings in Atmus Filtration Technologies by 31.4% in the second quarter. Bessemer Group Inc. now owns 1,138 shares of the company’s stock valued at $42,000 after buying an additional 272 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Atmus Filtration Technologies by 93.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock valued at $49,000 after acquiring an additional 644 shares during the period. Strs Ohio acquired a new stake in shares of Atmus Filtration Technologies during the 1st quarter valued at approximately $121,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Atmus Filtration Technologies in the 2nd quarter worth approximately $216,000. 32.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Atmus Filtration Technologies Stock Down 0.3%

Shares of NYSE:ATMU opened at $53.02 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 2.14 and a debt-to-equity ratio of 1.63. Atmus Filtration Technologies Inc. has a 52-week low of $30.94 and a 52-week high of $54.10. The stock’s fifty day simple moving average is $47.94 and its 200-day simple moving average is $43.25. The company has a market capitalization of $4.32 billion, a P/E ratio of 22.09, a P/E/G ratio of 3.48 and a beta of 1.58.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings data on Friday, November 7th. The company reported $0.69 EPS for the quarter, topping 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 return on equity of 76.84% and a net margin of 11.57%.The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 EPS. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. As a group, equities research analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th were given a dividend of $0.055 per share. 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%.

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.