Atmus Filtration Technologies Inc. $ATMU Stock Holdings Boosted by Mangrove Partners IM LLC

Mangrove Partners IM LLC boosted its position in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 21.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,330,553 shares of the company’s stock after purchasing an additional 230,922 shares during the period. Atmus Filtration Technologies comprises 5.0% of Mangrove Partners IM LLC’s investment portfolio, making the stock its 3rd biggest position. Mangrove Partners IM LLC owned approximately 1.63% of Atmus Filtration Technologies worth $59,995,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Channing Capital Management LLC raised its stake in shares of Atmus Filtration Technologies by 3,192.8% in the third quarter. Channing Capital Management LLC now owns 1,715,015 shares of the company’s stock valued at $77,330,000 after buying an additional 1,662,931 shares during the period. Eminence Capital LP increased its position in shares of Atmus Filtration Technologies by 12.0% in the second quarter. Eminence Capital LP now owns 6,448,993 shares of the company’s stock worth $234,872,000 after purchasing an additional 691,939 shares during the last quarter. First Trust Advisors LP raised its position in shares of Atmus Filtration Technologies by 49.1% during the 3rd quarter. First Trust Advisors LP now owns 1,527,957 shares of the company’s stock valued at $68,896,000 after buying an additional 503,383 shares in the last quarter. Geode Capital Management LLC raised its position in Atmus Filtration Technologies by 20.8% during 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. Finally, New York State Common Retirement Fund raised its holdings in shares of Atmus Filtration Technologies by 1,589.1% during the 3rd quarter. New York State Common Retirement Fund now owns 432,389 shares of the company’s stock valued at $19,496,000 after buying an additional 406,790 shares in the last quarter. 32.73% of the stock is owned by hedge funds and other institutional investors.

Atmus Filtration Technologies Stock Performance

Shares of NYSE:ATMU opened at $56.49 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.66 and a current ratio of 2.42. The firm’s 50 day simple moving average is $59.65 and its 200-day simple moving average is $51.87. The firm has a market cap of $4.60 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 2.56 and a beta of 1.48. Atmus Filtration Technologies Inc. has a one year low of $30.94 and a one year high of $66.50.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings data 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. The firm had revenue of $446.60 million during the quarter, compared to analysts’ expectations of $422.25 million. Atmus Filtration Technologies had a return on equity of 69.78% and a net margin of 11.76%.The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.58 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. As a group, equities analysts predict that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current 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 given a $0.055 dividend. The ex-dividend date 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 (DPR) is 8.80%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ATMU. Zacks Research raised Atmus Filtration Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. Wells Fargo & Company increased their price target on shares of Atmus Filtration Technologies from $54.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 17th. Wall Street Zen raised Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 14th. JPMorgan Chase & Co. upped their price target on Atmus Filtration Technologies from $60.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Finally, Robert W. Baird raised their price objective on shares of Atmus Filtration Technologies from $59.00 to $69.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $59.75.

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.