Vest Financial LLC Acquires 35,532 Shares of Atmus Filtration Technologies Inc. $ATMU

Vest Financial LLC boosted its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 170.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,411 shares of the company’s stock after purchasing an additional 35,532 shares during the period. Vest Financial LLC’s holdings in Atmus Filtration Technologies were worth $2,054,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ATMU. Teachers Retirement System of The State of Kentucky purchased a new stake in Atmus Filtration Technologies during the first quarter valued at approximately $876,000. SG Americas Securities LLC acquired a new stake in shares of Atmus Filtration Technologies in the first quarter worth $324,000. Oppenheimer Asset Management Inc. lifted its holdings in Atmus Filtration Technologies by 12.2% in the first quarter. Oppenheimer Asset Management Inc. now owns 13,585 shares of the company’s stock valued at $499,000 after acquiring an additional 1,482 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in Atmus Filtration Technologies during the second quarter worth $216,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Atmus Filtration Technologies by 6.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 799,222 shares of the company’s stock worth $29,355,000 after buying an additional 45,727 shares in the last quarter. 32.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ATMU has been the topic of several recent analyst reports. Wall Street Zen raised shares of Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 20th. Wells Fargo & Company boosted their price target on shares of Atmus Filtration Technologies from $42.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, September 18th. Robert W. Baird boosted their price objective on shares of Atmus Filtration Technologies from $41.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, August 11th. JPMorgan Chase & Co. upped their price objective on shares of Atmus Filtration Technologies from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and three have issued 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 $45.60.

Atmus Filtration Technologies Price Performance

Shares of NYSE ATMU opened at $44.36 on Wednesday. The firm’s 50-day simple moving average is $44.39 and its 200 day simple moving average is $39.08. The stock has a market cap of $3.64 billion, a P/E ratio of 19.63, a P/E/G ratio of 5.19 and a beta of 1.63. Atmus Filtration Technologies Inc. has a fifty-two week low of $30.94 and a fifty-two week high of $47.10. 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 (NYSE:ATMU) last issued its quarterly earnings results on Friday, August 8th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. Atmus Filtration Technologies had a return on equity of 83.23% and a net margin of 11.22%.The firm had revenue of $453.50 million for the quarter, compared to analysts’ expectations of $433.51 million. During the same quarter last year, the business posted $0.71 EPS. Atmus Filtration Technologies’s revenue was up 4.8% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. Equities analysts expect that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th were given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 0.5%. This is a positive change from Atmus Filtration Technologies’s previous quarterly dividend of $0.05. The ex-dividend date was Tuesday, August 26th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is currently 9.73%.

About Atmus Filtration Technologies

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.