Allspring Global Investments Holdings LLC Acquires 82,006 Shares of Atmus Filtration Technologies Inc. $ATMU

Allspring Global Investments Holdings LLC raised its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 7.2% during the second quarter, Holdings Channel reports. The institutional investor owned 1,214,548 shares of the company’s stock after buying an additional 82,006 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Atmus Filtration Technologies were worth $45,303,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky bought a new position in shares of Atmus Filtration Technologies in the first quarter valued at $876,000. SG Americas Securities LLC bought a new position in shares of Atmus Filtration Technologies in the first quarter valued at $324,000. Oppenheimer Asset Management Inc. lifted its stake in shares of 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 buying an additional 1,482 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Atmus Filtration Technologies in the second quarter valued at $216,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Atmus Filtration Technologies by 6.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 799,222 shares of the company’s stock valued at $29,355,000 after purchasing an additional 45,727 shares during the last quarter. 32.73% of the stock is owned by institutional investors.

Atmus Filtration Technologies Stock Performance

NYSE ATMU opened at $44.36 on Wednesday. Atmus Filtration Technologies Inc. has a 52-week low of $30.94 and a 52-week high of $47.10. The company has a 50-day simple moving average of $44.39 and a 200 day simple moving average of $39.08. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.43 and a current ratio of 2.15. The company has a market capitalization of $3.64 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 5.19 and a beta of 1.63.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings data on Friday, August 8th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. Atmus Filtration Technologies had a net margin of 11.22% and a return on equity of 83.23%. The business had revenue of $453.50 million during the quarter, compared to the consensus estimate of $433.51 million. During the same quarter last year, the company posted $0.71 earnings per share. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. On average, research analysts predict that Atmus Filtration Technologies Inc. will post 2.52 EPS 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 is a boost from Atmus Filtration Technologies’s previous quarterly dividend of $0.05. This represents a $0.22 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Tuesday, August 26th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 9.73%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ATMU. Robert W. Baird increased their target price on shares of Atmus Filtration Technologies from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, August 11th. Wall Street Zen upgraded shares of Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on shares of Atmus Filtration Technologies from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Wells Fargo & Company increased their target price 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, September 18th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $45.60.

Atmus Filtration Technologies 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.