Thrivent Financial for Lutherans Has $9.03 Million Stock Position in Atmus Filtration Technologies Inc. $ATMU

Thrivent Financial for Lutherans reduced its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 8.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,844 shares of the company’s stock after selling 16,237 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Atmus Filtration Technologies were worth $9,025,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its holdings in shares of Atmus Filtration Technologies by 143.1% during the first quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after buying an additional 412 shares during the last quarter. Geneos Wealth Management Inc. grew 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 buying an additional 644 shares during the last quarter. Osaic Holdings Inc. grew its holdings in shares of Atmus Filtration Technologies by 54.8% during the second quarter. Osaic Holdings Inc. now owns 2,471 shares of the company’s stock valued at $90,000 after buying an additional 875 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Atmus Filtration Technologies by 14.7% during the fourth quarter. GAMMA Investing LLC now owns 2,223 shares of the company’s stock valued at $115,000 after buying an additional 285 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Atmus Filtration Technologies by 539.8% during the fourth quarter. Farther Finance Advisors LLC now owns 2,316 shares of the company’s stock valued at $120,000 after buying an additional 1,954 shares during the last quarter. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Wall Street Zen cut shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Sunday, May 10th. Zacks Research cut shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Wells Fargo & Company cut their price target on shares of Atmus Filtration Technologies from $67.00 to $58.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 1st. Robert W. Baird cut their price target on shares of Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Finally, Citigroup restated an “outperform” rating on shares of Atmus Filtration Technologies in a report on Wednesday, February 18th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $56.75.

Insiders Place Their Bets

In other news, Director Gretchen R. Haggerty bought 1,973 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were acquired at an average price of $55.74 per share, with a total value of $109,975.02. Following the acquisition, the director owned 25,741 shares of the company’s stock, valued at approximately $1,434,803.34. The trade was a 8.30% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.43% of the company’s stock.

Atmus Filtration Technologies Stock Down 4.2%

ATMU opened at $48.22 on Wednesday. The company has a quick ratio of 1.70, a current ratio of 2.53 and a debt-to-equity ratio of 2.47. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 2.15 and a beta of 1.47. Atmus Filtration Technologies Inc. has a twelve month low of $34.58 and a twelve month high of $66.50. The company’s 50-day moving average price is $58.37 and its two-hundred day moving average price is $56.21.

Atmus Filtration Technologies (NYSE:ATMU) last released its earnings results on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. Atmus Filtration Technologies had a net margin of 11.56% and a return on equity of 64.29%. The firm had revenue of $477.50 million for the quarter, compared to analysts’ expectations of $474.41 million. During the same period in the previous year, the company earned $0.63 earnings per share. The company’s quarterly revenue was up 14.6% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. As a group, equities analysts expect that Atmus Filtration Technologies Inc. will post 2.95 earnings per share for the current year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 26th will be given a $0.055 dividend. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $0.22 annualized dividend and a dividend yield of 0.5%. Atmus Filtration Technologies’s payout ratio is 8.63%.

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.