Teacher Retirement System of Texas Has $25.21 Million Stake in Atmus Filtration Technologies Inc. $ATMU

Teacher Retirement System of Texas boosted its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 48.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 559,122 shares of the company’s stock after purchasing an additional 182,568 shares during the period. Teacher Retirement System of Texas owned 0.68% of Atmus Filtration Technologies worth $25,211,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of ATMU. KLP Kapitalforvaltning AS increased its stake in Atmus Filtration Technologies by 8.6% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 18,900 shares of the company’s stock valued at $688,000 after buying an additional 1,500 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Atmus Filtration Technologies during the 2nd quarter valued at $216,000. Public Employees Retirement System of Ohio grew its holdings in shares of Atmus Filtration Technologies by 6,661.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 13,185 shares of the company’s stock valued at $480,000 after acquiring an additional 12,990 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Atmus Filtration Technologies by 20.8% in the second quarter. Geode Capital Management LLC now owns 2,365,362 shares of the company’s stock worth $86,154,000 after acquiring an additional 407,484 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. increased its stake in shares of Atmus Filtration Technologies by 33.3% in the second quarter. Hussman Strategic Advisors Inc. now owns 42,000 shares of the company’s stock worth $1,530,000 after acquiring an additional 10,500 shares during the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Analysts Set New Price Targets

ATMU has been the subject of a number of research reports. Wells Fargo & Company lifted their price objective on Atmus Filtration Technologies from $52.00 to $54.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a report on Wednesday. Wall Street Zen cut Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 17th. JPMorgan Chase & Co. raised their price objective on shares of Atmus Filtration Technologies from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Finally, Zacks Research upgraded shares of Atmus Filtration Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Atmus Filtration Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $50.50.

Atmus Filtration Technologies Stock Down 1.9%

Shares of ATMU stock opened at $56.54 on Friday. The stock’s 50 day simple moving average is $52.64 and its 200 day simple moving average is $46.66. Atmus Filtration Technologies Inc. has a twelve month low of $30.94 and a twelve month high of $58.18. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.41 and a current ratio of 2.14. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 2.53 and a beta of 1.57.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings results on Friday, November 7th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.61 by $0.08. Atmus Filtration Technologies had a return on equity of 76.84% and a net margin of 11.57%.The company had revenue of $447.70 million for the quarter, compared to the consensus estimate of $415.02 million. During the same quarter last year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. As a group, research analysts predict that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current 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 issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 0.4%. The ex-dividend date was Tuesday, November 25th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 9.17%.

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.