Atmus Filtration Technologies Inc. (NYSE:ATMU) Short Interest Down 13.5% in February

Atmus Filtration Technologies Inc. (NYSE:ATMU) was the target of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 2,014,325 shares, a decline of 13.5% from the January 29th total of 2,329,732 shares. Approximately 2.5% of the company’s shares are sold short. Based on an average daily volume of 1,133,575 shares, the short-interest ratio is currently 1.8 days. Based on an average daily volume of 1,133,575 shares, the short-interest ratio is currently 1.8 days. Approximately 2.5% of the company’s shares are sold short.

Atmus Filtration Technologies Trading Down 0.4%

Shares of NYSE:ATMU traded down $0.28 on Wednesday, hitting $62.57. The company had a trading volume of 170,248 shares, compared to its average volume of 754,312. The firm’s 50-day simple moving average is $58.64 and its two-hundred day simple moving average is $51.12. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 25.03, a P/E/G ratio of 2.95 and a beta of 1.48. The company has a quick ratio of 1.66, a current ratio of 2.42 and a debt-to-equity ratio of 1.43. Atmus Filtration Technologies has a 1 year low of $30.94 and a 1 year high of $66.50.

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

Atmus Filtration Technologies Dividend Announcement

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 given a dividend of $0.055 per share. The ex-dividend date is Friday, February 20th. This represents a $0.22 annualized dividend and a dividend yield of 0.4%. Atmus Filtration Technologies’s payout ratio is currently 8.80%.

Wall Street Analyst Weigh In

ATMU has been the topic of a number of recent research reports. Citigroup reaffirmed an “outperform” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, February 18th. JPMorgan Chase & Co. raised their price target on Atmus Filtration Technologies from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Wall Street Zen upgraded Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 14th. 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 note on Tuesday, February 17th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, January 21st. One research 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $59.75.

Hedge Funds Weigh In On Atmus Filtration Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its stake in shares of Atmus Filtration Technologies by 143.1% in the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock worth $26,000 after acquiring an additional 412 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in Atmus Filtration Technologies in the fourth quarter worth about $37,000. Bessemer Group Inc. increased its stake in shares of Atmus Filtration Technologies by 31.4% during the second quarter. Bessemer Group Inc. now owns 1,138 shares of the company’s stock valued at $42,000 after purchasing an additional 272 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Atmus Filtration Technologies by 87.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 849 shares of the company’s stock valued at $44,000 after purchasing an additional 397 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Atmus Filtration Technologies by 93.6% during the second 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. Hedge funds and other institutional investors own 32.73% of the company’s stock.

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.