JPMorgan Chase & Co. Sells 27,530 Shares of Atmus Filtration Technologies Inc. $ATMU

JPMorgan Chase & Co. reduced its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 5.2% during the third quarter, Holdings Channel.com reports. The fund owned 506,807 shares of the company’s stock after selling 27,530 shares during the quarter. JPMorgan Chase & Co.’s holdings in Atmus Filtration Technologies were worth $22,852,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Cornerstone Investment Partners LLC purchased a new position in shares of Atmus Filtration Technologies during the third quarter worth about $218,000. Bessemer Group Inc. lifted its position in Atmus Filtration Technologies by 224.1% during the third quarter. Bessemer Group Inc. now owns 3,688 shares of the company’s stock valued at $166,000 after purchasing an additional 2,550 shares during the last quarter. State of Wyoming grew its stake in Atmus Filtration Technologies by 45.2% in the 3rd quarter. State of Wyoming now owns 23,958 shares of the company’s stock worth $1,080,000 after buying an additional 7,463 shares in the last quarter. AlphaQuest LLC increased its holdings in shares of Atmus Filtration Technologies by 29.6% in the 3rd quarter. AlphaQuest LLC now owns 44,829 shares of the company’s stock worth $2,021,000 after buying an additional 10,247 shares during the last quarter. Finally, Arizona State Retirement System raised its position in shares of Atmus Filtration Technologies by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 24,461 shares of the company’s stock valued at $1,103,000 after buying an additional 336 shares in the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Analyst Upgrades and Downgrades

ATMU has been the subject of several research reports. JPMorgan Chase & Co. upped their target price on shares of Atmus Filtration Technologies from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Robert W. Baird lifted their price target on Atmus Filtration Technologies from $59.00 to $69.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Wells Fargo & Company increased their price objective on Atmus Filtration Technologies from $54.00 to $67.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 17th. Citigroup reissued an “outperform” rating on shares of Atmus Filtration Technologies in a report on Wednesday, February 18th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Atmus Filtration Technologies has a consensus rating of “Moderate Buy” and an average price target of $59.75.

Atmus Filtration Technologies Stock Up 0.5%

ATMU opened at $64.48 on Monday. Atmus Filtration Technologies Inc. has a 12 month low of $30.94 and a 12 month high of $66.50. The company has a current ratio of 2.42, a quick ratio of 1.66 and a debt-to-equity ratio of 1.43. The business’s 50-day moving average price is $58.23 and its 200-day moving average price is $50.84. The company has a market cap of $5.26 billion, a P/E ratio of 25.79, a P/E/G ratio of 2.90 and a beta of 1.48.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings results on Friday, February 13th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.09. The business had revenue of $446.60 million for the quarter, compared to analyst estimates of $422.25 million. Atmus Filtration Technologies had a return on equity of 69.78% and a net margin of 11.76%.Atmus Filtration Technologies’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the company earned $0.58 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. On average, equities analysts expect that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Friday, February 20th will be issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, February 20th. Atmus Filtration Technologies’s dividend payout ratio is currently 8.80%.

Atmus Filtration Technologies 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.