Aberdeen Group plc Trims Position in Atmus Filtration Technologies Inc. $ATMU

Aberdeen Group plc reduced its position in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 30.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 424,221 shares of the company’s stock after selling 181,548 shares during the period. Aberdeen Group plc’s holdings in Atmus Filtration Technologies were worth $19,188,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Jones Financial Companies Lllp lifted its stake in shares of Atmus Filtration Technologies by 143.1% during the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock worth $26,000 after purchasing an additional 412 shares during the period. Bessemer Group Inc. increased its stake in Atmus Filtration Technologies by 31.4% in the second quarter. Bessemer Group Inc. now owns 1,138 shares of the company’s stock valued at $42,000 after purchasing an additional 272 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Atmus Filtration Technologies by 93.6% during the second quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock worth $49,000 after buying an additional 644 shares during the period. Osaic Holdings Inc. boosted its stake in Atmus Filtration Technologies by 54.8% in the 2nd quarter. Osaic Holdings Inc. now owns 2,471 shares of the company’s stock worth $90,000 after buying an additional 875 shares during the last quarter. Finally, Strs Ohio acquired a new stake in Atmus Filtration Technologies in the 1st quarter worth about $121,000. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Citigroup reaffirmed an “outperform” rating on shares of Atmus Filtration Technologies in a research note on Wednesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, January 21st. JPMorgan Chase & Co. lifted their price target on shares of Atmus Filtration Technologies from $60.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Zacks Research cut shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Finally, Robert W. Baird increased their target price on Atmus Filtration Technologies from $59.00 to $69.00 and gave the stock an “outperform” rating in a research report on Wednesday. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Atmus Filtration Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $59.75.

Atmus Filtration Technologies Price Performance

ATMU opened at $64.27 on Thursday. The company has a quick ratio of 1.41, a current ratio of 2.42 and a debt-to-equity ratio of 1.43. Atmus Filtration Technologies Inc. has a 52-week low of $30.94 and a 52-week high of $66.00. The company has a 50 day moving average of $56.63 and a two-hundred day moving average of $49.60. The company has a market cap of $5.24 billion, a P/E ratio of 25.71, a P/E/G ratio of 2.82 and a beta of 1.56.

Atmus Filtration Technologies (NYSE:ATMU) last issued its earnings results on Friday, February 13th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.09. Atmus Filtration Technologies had a net margin of 11.76% and a return on equity of 69.78%. The business 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 firm posted $0.58 EPS. The business’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. On average, analysts expect that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Friday, February 20th will be given a $0.055 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $0.22 annualized dividend and a dividend yield of 0.3%. Atmus Filtration Technologies’s dividend payout ratio is presently 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.