Kennedy Capital Management LLC Has $15.85 Million Stake in Atmus Filtration Technologies Inc. $ATMU

Kennedy Capital Management LLC grew its position in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 90.6% in the third quarter, HoldingsChannel.com reports. The fund owned 351,610 shares of the company’s stock after buying an additional 167,095 shares during the quarter. Kennedy Capital Management LLC’s holdings in Atmus Filtration Technologies were worth $15,854,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Channing Capital Management LLC grew its holdings in Atmus Filtration Technologies by 3,192.8% during the 3rd quarter. Channing Capital Management LLC now owns 1,715,015 shares of the company’s stock worth $77,330,000 after acquiring an additional 1,662,931 shares during the last quarter. Geode Capital Management LLC increased its holdings 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 valued at $86,154,000 after purchasing an additional 407,484 shares in the last quarter. New York State Common Retirement Fund raised its position in Atmus Filtration Technologies by 1,589.1% in the 3rd quarter. New York State Common Retirement Fund now owns 432,389 shares of the company’s stock worth $19,496,000 after purchasing an additional 406,790 shares during the last quarter. Magnetar Financial LLC acquired a new position in Atmus Filtration Technologies during the 2nd quarter worth $1,153,000. Finally, Federated Hermes Inc. boosted its position in Atmus Filtration Technologies by 23.4% in the 3rd quarter. Federated Hermes Inc. now owns 281,892 shares of the company’s stock valued at $12,711,000 after buying an additional 53,385 shares during the last quarter. 32.73% of the stock is currently owned by institutional investors.

Atmus Filtration Technologies Price Performance

ATMU traded down $0.58 during trading hours on Friday, hitting $56.40. The company’s stock had a trading volume of 39,233 shares, compared to its average volume of 765,698. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 22.57, a P/E/G ratio of 2.61 and a beta of 1.48. The business’s 50-day moving average price is $59.57 and its 200-day moving average price is $51.79. The company has a current ratio of 2.42, a quick ratio of 1.66 and a debt-to-equity ratio of 1.43. Atmus Filtration Technologies Inc. has a 12 month low of $30.94 and a 12 month high of $66.50.

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

Atmus Filtration Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Friday, February 20th were issued a $0.055 dividend. The ex-dividend date was Friday, February 20th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.4%. Atmus Filtration Technologies’s payout ratio is 8.80%.

Analyst Ratings Changes

Several brokerages have recently issued reports on ATMU. Wells Fargo & Company upped their price target on Atmus Filtration Technologies from $54.00 to $67.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 17th. JPMorgan Chase & Co. raised their target price on shares of Atmus Filtration Technologies from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Wall Street Zen raised shares of Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 14th. Robert W. Baird lifted their target price on shares of Atmus Filtration Technologies from $59.00 to $69.00 and gave the stock an “outperform” rating in a report on Wednesday, February 18th. Finally, Citigroup reissued an “outperform” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $59.75.

About Atmus Filtration Technologies

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.