Massachusetts Financial Services Co. MA Sells 125,318 Shares of Atmus Filtration Technologies Inc. $ATMU

Massachusetts Financial Services Co. MA decreased its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 10.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,093,337 shares of the company’s stock after selling 125,318 shares during the period. Massachusetts Financial Services Co. MA owned 1.33% of Atmus Filtration Technologies worth $49,299,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ATMU. State of Alaska Department of Revenue purchased a new stake in shares of Atmus Filtration Technologies during the 3rd quarter valued at $212,000. SG Americas Securities LLC acquired a new position in Atmus Filtration Technologies during the 3rd quarter valued at about $1,480,000. Allspring Global Investments Holdings LLC raised its stake in Atmus Filtration Technologies by 2.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,249,957 shares of the company’s stock valued at $55,611,000 after buying an additional 35,409 shares during the last quarter. ZWJ Investment Counsel Inc. acquired a new stake in Atmus Filtration Technologies in the third quarter worth about $251,000. Finally, Assenagon Asset Management S.A. grew its stake in shares of Atmus Filtration Technologies by 3.5% during the third quarter. Assenagon Asset Management S.A. now owns 382,250 shares of the company’s stock worth $17,236,000 after acquiring an additional 12,770 shares during the last quarter. 32.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ATMU. Weiss Ratings restated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, October 8th. Wells Fargo & Company boosted their price objective on shares of Atmus Filtration Technologies from $52.00 to $54.00 and gave the company an “equal weight” rating in a report on Wednesday, January 7th. JPMorgan Chase & Co. upped their target price on Atmus Filtration Technologies from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Wall Street Zen downgraded Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 17th. Finally, Zacks Research raised Atmus Filtration Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Atmus Filtration Technologies has an average rating of “Moderate Buy” and a consensus target price of $50.50.

Atmus Filtration Technologies Stock Up 3.3%

ATMU opened at $57.35 on Thursday. The company has a fifty day moving average of $52.28 and a two-hundred day moving average of $46.45. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.41 and a current ratio of 2.14. Atmus Filtration Technologies Inc. has a fifty-two week low of $30.94 and a fifty-two week high of $57.85. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 2.44 and a beta of 1.57.

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

Atmus Filtration Technologies Dividend Announcement

The firm also recently announced 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 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 (DPR) is 9.17%.

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.