Livforsakringsbolaget Skandia Omsesidigt Has $3.34 Million Position in Atmus Filtration Technologies Inc. $ATMU

Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 21.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 91,600 shares of the company’s stock after buying an additional 16,100 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Atmus Filtration Technologies were worth $3,336,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its holdings in Atmus Filtration Technologies by 143.1% in the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after acquiring an additional 412 shares in the last quarter. SouthState Corp bought a new stake in shares of Atmus Filtration Technologies during the first quarter valued at approximately $27,000. Strs Ohio bought a new stake in shares of Atmus Filtration Technologies during the first quarter valued at approximately $121,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Atmus Filtration Technologies in the second quarter valued at $216,000. Finally, Freedom Investment Management Inc. bought a new position in Atmus Filtration Technologies in the first quarter worth $225,000. 32.73% of the stock is owned by institutional investors and hedge funds.

Atmus Filtration Technologies Price Performance

Atmus Filtration Technologies stock opened at $46.50 on Friday. The company has a quick ratio of 1.43, a current ratio of 2.15 and a debt-to-equity ratio of 1.75. Atmus Filtration Technologies Inc. has a 12-month low of $30.94 and a 12-month high of $47.10. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of 20.58, a P/E/G ratio of 5.51 and a beta of 1.65. The business’s 50-day simple moving average is $42.02 and its 200 day simple moving average is $38.19.

Atmus Filtration Technologies (NYSE:ATMU) last issued its earnings results on Friday, August 8th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.09. The company had revenue of $453.50 million for the quarter, compared to analyst estimates of $433.51 million. Atmus Filtration Technologies had a net margin of 11.22% and a return on equity of 83.23%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 EPS. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. As a group, research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th were given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Tuesday, August 26th. This is a positive change from Atmus Filtration Technologies’s previous quarterly dividend of $0.05. Atmus Filtration Technologies’s dividend payout ratio is presently 9.73%.

Analysts Set New Price Targets

ATMU has been the topic of several analyst reports. Wells Fargo & Company boosted their price target on shares of Atmus Filtration Technologies from $42.00 to $47.00 and gave the company an “equal weight” rating in a report on Thursday. Robert W. Baird lifted their target price on shares of Atmus Filtration Technologies from $41.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, August 11th. The Goldman Sachs Group lowered shares of Atmus Filtration Technologies from a “buy” rating to a “neutral” rating and set a $39.00 price target for the company. in a research report on Tuesday, May 27th. Wall Street Zen cut shares of Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 24th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $46.00 price objective (up from $44.00) on shares of Atmus Filtration Technologies in a research note on Wednesday, August 20th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $45.40.

Atmus Filtration Technologies Company Profile

Atmus Filtration Technologies Inc designs, manufactures, and sells filtration products under the Fleetguard brand name in North America, Europe, South America, Asia, Australia, Africa, and internationally. The company offers fuel filters, lube filters, air filters, crankcase ventilation, hydraulic filters, coolants, and fuel additives, as well as other chemicals; and fuel water separators and other filtration systems to original equipment manufacturers, dealers/distributors, and end-users.