Federated Hermes Inc. Purchases 53,385 Shares of Atmus Filtration Technologies Inc. $ATMU

Federated Hermes Inc. grew its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 23.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 281,892 shares of the company’s stock after purchasing an additional 53,385 shares during the period. Federated Hermes Inc.’s holdings in Atmus Filtration Technologies were worth $12,711,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its position in Atmus Filtration Technologies by 143.1% in 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. lifted its position in Atmus Filtration Technologies by 31.4% during 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 in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Atmus Filtration Technologies by 93.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock valued at $49,000 after buying an additional 644 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in Atmus Filtration Technologies by 54.8% during the second quarter. Osaic Holdings Inc. now owns 2,471 shares of the company’s stock valued at $90,000 after purchasing an additional 875 shares in the last quarter. Finally, Strs Ohio purchased a new position in shares of Atmus Filtration Technologies during the 1st quarter valued at $121,000. 32.73% of the stock is currently owned by institutional investors.

Atmus Filtration Technologies Stock Performance

Shares of NYSE:ATMU opened at $58.01 on Friday. The company has a quick ratio of 1.41, a current ratio of 2.14 and a debt-to-equity ratio of 1.63. The company has a market capitalization of $4.73 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 2.55 and a beta of 1.57. Atmus Filtration Technologies Inc. has a 52 week low of $30.94 and a 52 week high of $58.18. The firm has a 50 day moving average of $53.70 and a 200 day moving average of $47.39.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings data on Friday, November 7th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.08. The company had revenue of $447.70 million for the quarter, compared to the consensus estimate of $415.02 million. Atmus Filtration Technologies had a return on equity of 76.84% and a net margin of 11.57%.The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 earnings per share. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. On average, sell-side analysts predict that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th were given a dividend of $0.055 per share. The ex-dividend date of this dividend was Tuesday, November 25th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.4%. Atmus Filtration Technologies’s dividend payout ratio is presently 9.17%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ATMU. Wells Fargo & Company boosted their price target on Atmus Filtration Technologies from $52.00 to $54.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 7th. Zacks Research downgraded shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Wall Street Zen downgraded Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 17th. JPMorgan Chase & Co. lifted their price target on shares of Atmus Filtration Technologies from $60.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $50.50.

Atmus Filtration Technologies 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.