Eminence Capital LP Acquires 73,411 Shares of Atmus Filtration Technologies Inc. $ATMU

Eminence Capital LP lifted its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 1.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,522,404 shares of the company’s stock after purchasing an additional 73,411 shares during the quarter. Atmus Filtration Technologies accounts for 3.6% of Eminence Capital LP’s portfolio, making the stock its 5th largest position. Eminence Capital LP owned about 8.00% of Atmus Filtration Technologies worth $294,095,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Channing Capital Management LLC lifted its position in Atmus Filtration Technologies by 3,192.8% in the 3rd quarter. Channing Capital Management LLC now owns 1,715,015 shares of the company’s stock worth $77,330,000 after buying an additional 1,662,931 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Atmus Filtration Technologies by 49.1% in the third quarter. First Trust Advisors LP now owns 1,527,957 shares of the company’s stock worth $68,896,000 after acquiring an additional 503,383 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of 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 worth $86,154,000 after acquiring an additional 407,484 shares in the last quarter. New York State Common Retirement Fund boosted its position in Atmus Filtration Technologies by 1,589.1% during the third quarter. New York State Common Retirement Fund now owns 432,389 shares of the company’s stock valued at $19,496,000 after purchasing an additional 406,790 shares during the last quarter. Finally, Marshall Wace LLP increased its position in Atmus Filtration Technologies by 119.2% in the 2nd quarter. Marshall Wace LLP now owns 676,878 shares of the company’s stock worth $24,652,000 after purchasing an additional 368,125 shares during the last quarter. 32.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wells Fargo & Company boosted their price target 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. Zacks Research upgraded shares of Atmus Filtration Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, January 21st. Citigroup restated an “outperform” rating on shares of Atmus Filtration Technologies in a report on Wednesday, February 18th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Atmus Filtration Technologies from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Atmus Filtration Technologies has an average rating of “Moderate Buy” and a consensus price target of $59.75.

Atmus Filtration Technologies Stock Down 0.9%

ATMU opened at $56.49 on Friday. The firm has a market cap of $4.60 billion, a P/E ratio of 22.60, a price-to-earnings-growth ratio of 2.54 and a beta of 1.48. 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 business has a 50 day moving average price of $59.65 and a 200 day moving average price of $51.93. Atmus Filtration Technologies Inc. has a twelve month low of $30.94 and a twelve month high of $66.50.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings results on Friday, February 13th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.57 by $0.09. Atmus Filtration Technologies had a return on equity of 69.78% and a net margin of 11.76%.The company had revenue of $446.60 million for the quarter, compared to the consensus estimate of $422.25 million. During the same quarter last year, the company posted $0.58 earnings per share. The company’s revenue for the quarter 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. Research 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 announced a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Friday, February 20th were issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 0.4%. The ex-dividend date was Friday, February 20th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 8.80%.

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.