Susquehanna Fundamental Investments LLC Raises Position in Atmus Filtration Technologies Inc. $ATMU

Susquehanna Fundamental Investments LLC grew its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 839.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,218 shares of the company’s stock after purchasing an additional 76,148 shares during the quarter. Susquehanna Fundamental Investments LLC owned approximately 0.10% of Atmus Filtration Technologies worth $4,345,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Atmus Filtration Technologies during the second quarter valued at about $631,617,000. Jupiter Topco LLC bought a new stake in Atmus Filtration Technologies in the 2nd quarter worth about $83,249,000. Port Capital LLC purchased a new stake in Atmus Filtration Technologies in the 2nd quarter valued at about $52,739,000. The Manufacturers Life Insurance Company purchased a new stake in Atmus Filtration Technologies in the 2nd quarter valued at about $39,152,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Atmus Filtration Technologies by 193.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 999,548 shares of the company’s stock worth $56,744,000 after buying an additional 659,357 shares in the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on ATMU. Weiss Ratings lowered Atmus Filtration Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Wall Street Zen lowered Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a report on Sunday, June 14th. Robert W. Baird cut their price objective on Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. JPMorgan Chase & Co. reduced their price objective on Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating for the company in a research note on Monday, May 4th. Finally, Wells Fargo & Company started coverage on Atmus Filtration Technologies in a research report on Monday, August 3rd. They set an “equal weight” rating and a $56.00 target price for the company. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.00.

Atmus Filtration Technologies Stock Down 1.0%

ATMU opened at $47.25 on Tuesday. Atmus Filtration Technologies Inc. has a twelve month low of $42.60 and a twelve month high of $66.50. The company’s 50-day moving average price is $51.09 and its two-hundred day moving average price is $54.86. The stock has a market cap of $3.86 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 2.01 and a beta of 1.19. The company has a quick ratio of 1.83, a current ratio of 2.65 and a debt-to-equity ratio of 2.18.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. Atmus Filtration Technologies had a net margin of 11.32% and a return on equity of 59.85%. The company had revenue of $527.90 million for the quarter, compared to analysts’ expectations of $507.02 million. During the same quarter in the previous year, the firm posted $0.75 EPS. Atmus Filtration Technologies’s revenue was up 16.5% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. As a group, equities analysts expect that Atmus Filtration Technologies Inc. will post 2.97 earnings per share for the current year.

Atmus Filtration Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Thursday, August 27th will be paid a $0.06 dividend. The ex-dividend date is Thursday, August 27th. This is a boost from Atmus Filtration Technologies’s previous quarterly dividend of $0.06. This represents a $0.24 annualized dividend and a dividend yield of 0.5%. Atmus Filtration Technologies’s dividend payout ratio is presently 9.20%.

Insiders Place Their Bets

In other news, Director Stephen E. Macadam acquired 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was bought at an average price of $49.78 per share, with a total value of $99,560.00. Following the acquisition, the director owned 40,588 shares in the company, valued at $2,020,470.64. The trade was a 5.18% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Renee Swan sold 3,870 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $50.89, for a total value of $196,944.30. Following the completion of the sale, the insider owned 46,875 shares in the company, valued at $2,385,468.75. This represents a 7.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.43% of the stock is owned by corporate insiders.

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.