Atmus Filtration Technologies Inc. $ATMU Shares Purchased by Royce & Associates LP

Royce & Associates LP increased its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 2.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 667,812 shares of the company’s stock after purchasing an additional 17,740 shares during the period. Royce & Associates LP owned 0.82% of Atmus Filtration Technologies worth $34,666,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Channing Capital Management LLC raised its holdings 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 valued at $77,330,000 after acquiring an additional 1,662,931 shares during the last quarter. Boston Trust Walden Corp acquired a new stake in Atmus Filtration Technologies in the 4th quarter valued at about $44,304,000. First Trust Advisors LP raised its holdings in Atmus Filtration Technologies by 49.1% in the 3rd quarter. First Trust Advisors LP now owns 1,527,957 shares of the company’s stock valued at $68,896,000 after acquiring an additional 503,383 shares during the last quarter. Port Capital LLC acquired a new stake in Atmus Filtration Technologies in the 3rd quarter valued at about $19,409,000. Finally, New York State Common Retirement Fund raised its holdings in Atmus Filtration Technologies by 1,589.1% in 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 acquiring an additional 406,790 shares during the last quarter. Institutional investors and hedge funds own 32.73% of the company’s stock.

Atmus Filtration Technologies Stock Up 0.1%

Shares of NYSE ATMU opened at $48.88 on Tuesday. The company has a 50 day simple moving average of $57.65 and a 200-day simple moving average of $56.29. The company has a market capitalization of $3.99 billion, a P/E ratio of 19.17, a P/E/G ratio of 2.09 and a beta of 1.47. The company has a debt-to-equity ratio of 2.47, a current ratio of 2.53 and a quick ratio of 1.70. Atmus Filtration Technologies Inc. has a 1 year low of $34.58 and a 1 year high of $66.50.

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

Atmus Filtration Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 26th will be issued a dividend of $0.055 per share. The ex-dividend date is Tuesday, May 26th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.5%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is currently 8.63%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ATMU shares. Wells Fargo & Company cut their price objective on shares of Atmus Filtration Technologies from $67.00 to $58.00 and set an “equal weight” rating for the company in a report on Wednesday, April 1st. Citigroup reiterated an “outperform” rating on shares of Atmus Filtration Technologies in a report on Wednesday, February 18th. Robert W. Baird cut their price objective on shares of Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Weiss Ratings downgraded shares of Atmus Filtration Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. cut their price target on shares of Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating for the company in a report on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Atmus Filtration Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $56.75.

Insider Activity

In other news, Director Gretchen R. Haggerty purchased 1,973 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was acquired at an average price of $55.74 per share, for a total transaction of $109,975.02. Following the acquisition, the director directly owned 25,741 shares of the company’s stock, valued at approximately $1,434,803.34. This represents a 8.30% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.43% of the stock is owned by corporate insiders.

About Atmus Filtration Technologies

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.