Atmus Filtration Technologies Inc. $ATMU Shares Bought by First Trust Advisors LP

First Trust Advisors LP raised its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 49.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,527,957 shares of the company’s stock after acquiring an additional 503,383 shares during the quarter. First Trust Advisors LP owned approximately 1.87% of Atmus Filtration Technologies worth $68,896,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp boosted 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 worth $26,000 after acquiring an additional 412 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Atmus Filtration Technologies by 93.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock valued at $49,000 after purchasing an additional 644 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in Atmus Filtration Technologies by 54.8% in the 2nd quarter. Osaic Holdings Inc. now owns 2,471 shares of the company’s stock valued at $90,000 after purchasing an additional 875 shares in the last quarter. Strs Ohio acquired a new stake in Atmus Filtration Technologies during the 1st quarter worth $121,000. Finally, Bessemer Group Inc. grew its holdings in shares of Atmus Filtration Technologies by 224.1% during the third quarter. Bessemer Group Inc. now owns 3,688 shares of the company’s stock worth $166,000 after buying an additional 2,550 shares in the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ATMU. Wells Fargo & Company increased their target price on shares of 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. Robert W. Baird boosted their price target on shares of Atmus Filtration Technologies from $59.00 to $69.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, January 21st. Citigroup reissued an “outperform” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, February 18th. Finally, Wall Street Zen upgraded Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 14th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.75.

Atmus Filtration Technologies Stock Up 0.1%

Shares of ATMU opened at $58.25 on Wednesday. Atmus Filtration Technologies Inc. has a 52-week low of $30.94 and a 52-week high of $66.50. The company has a quick ratio of 1.66, a current ratio of 2.42 and a debt-to-equity ratio of 1.43. The stock has a fifty day simple moving average of $59.35 and a two-hundred day simple moving average of $51.71. The company has a market capitalization of $4.75 billion, a PE ratio of 23.30, a price-to-earnings-growth ratio of 2.62 and a beta of 1.48.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings results on Friday, February 13th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $422.25 million. During the same quarter in the previous year, the company posted $0.58 EPS. The company’s revenue was up 9.8% compared to the same quarter last year. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. As a group, equities analysts forecast 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 was paid on Wednesday, March 4th. Stockholders of record on Friday, February 20th were paid a $0.055 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a $0.22 annualized dividend and a dividend yield of 0.4%. Atmus Filtration Technologies’s dividend payout ratio is 8.80%.

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.