Atmus Filtration Technologies Inc. (NYSE:ATMU) Sees Large Decrease in Short Interest

Atmus Filtration Technologies Inc. (NYSE:ATMU) was the target of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 2,014,325 shares, a decline of 13.5% from the January 29th total of 2,329,732 shares. Currently, 2.5% of the company’s stock are short sold. Based on an average daily trading volume, of 1,133,575 shares, the days-to-cover ratio is presently 1.8 days. Based on an average daily trading volume, of 1,133,575 shares, the days-to-cover ratio is presently 1.8 days. Currently, 2.5% of the company’s stock are short sold.

Atmus Filtration Technologies Stock Performance

NYSE:ATMU traded down $0.28 during mid-day trading on Wednesday, reaching $62.57. The company’s stock had a trading volume of 170,248 shares, compared to its average volume of 754,312. The company has a current ratio of 2.42, a quick ratio of 1.66 and a debt-to-equity ratio of 1.43. The stock has a market cap of $5.10 billion, a P/E ratio of 25.03, a PEG ratio of 2.95 and a beta of 1.48. The firm’s fifty day moving average price is $58.64 and its two-hundred day moving average price is $51.12. Atmus Filtration Technologies has a 12-month low of $30.94 and a 12-month high of $66.50.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings results on Friday, February 13th. The company reported $0.66 EPS for the quarter, topping 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 firm had revenue of $446.60 million during the quarter, compared to analyst estimates of $422.25 million. During the same period in the previous year, the business posted $0.58 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. On average, equities analysts forecast that Atmus Filtration Technologies will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Friday, February 20th will be paid a dividend of $0.055 per share. The ex-dividend date is Friday, February 20th. This represents a $0.22 dividend on an annualized basis and a yield of 0.4%. Atmus Filtration Technologies’s payout ratio is currently 8.80%.

Analyst Ratings Changes

A number of research firms have recently commented on ATMU. Wells Fargo & Company increased their target price on Atmus Filtration Technologies from $54.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 17th. Citigroup reissued an “outperform” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, February 18th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atmus Filtration Technologies in a report on Wednesday, January 21st. Robert W. Baird upped their target price on shares of Atmus Filtration Technologies from $59.00 to $69.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Finally, JPMorgan Chase & Co. raised their price target on shares of Atmus Filtration Technologies from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Atmus Filtration Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.75.

Institutional Trading of Atmus Filtration Technologies

Several large investors have recently modified their holdings of the company. Eminence Capital LP lifted its holdings in Atmus Filtration Technologies by 1.1% in the third quarter. Eminence Capital LP now owns 6,522,404 shares of the company’s stock valued at $294,095,000 after acquiring an additional 73,411 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Atmus Filtration Technologies by 14.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,677,884 shares of the company’s stock worth $242,830,000 after purchasing an additional 596,553 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Atmus Filtration Technologies by 5.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,200,311 shares of the company’s stock worth $166,128,000 after buying an additional 163,659 shares during the last quarter. Invesco Ltd. grew its position in Atmus Filtration Technologies by 22.7% during the fourth quarter. Invesco Ltd. now owns 2,728,470 shares of the company’s stock valued at $141,635,000 after buying an additional 504,647 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Atmus Filtration Technologies by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 2,428,684 shares of the company’s stock valued at $126,088,000 after buying an additional 54,376 shares during the last quarter. Institutional investors own 32.73% of the company’s stock.

About Atmus Filtration Technologies

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.