Mangrove Partners IM LLC Buys 230,922 Shares of Atmus Filtration Technologies Inc. $ATMU

Mangrove Partners IM LLC increased its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 21.0% in the third quarter, HoldingsChannel.com reports. The firm owned 1,330,553 shares of the company’s stock after buying an additional 230,922 shares during the period. Atmus Filtration Technologies accounts for approximately 5.0% of Mangrove Partners IM LLC’s portfolio, making the stock its 3rd largest holding. Mangrove Partners IM LLC’s holdings in Atmus Filtration Technologies were worth $59,995,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in ATMU. California State Teachers Retirement System increased its stake in Atmus Filtration Technologies by 0.3% during the second quarter. California State Teachers Retirement System now owns 83,277 shares of the company’s stock worth $3,033,000 after purchasing an additional 236 shares during the period. Verdence Capital Advisors LLC increased its stake in Atmus Filtration Technologies by 2.1% in the third quarter. Verdence Capital Advisors LLC now owns 13,678 shares of the company’s stock valued at $626,000 after purchasing an additional 285 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Atmus Filtration Technologies by 5.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,021 shares of the company’s stock worth $266,000 after acquiring an additional 301 shares in the last quarter. Creative Planning increased its position in Atmus Filtration Technologies by 4.9% during the second quarter. Creative Planning now owns 6,688 shares of the company’s stock worth $244,000 after buying an additional 312 shares during the period. Finally, Arizona State Retirement System lifted its stake in Atmus Filtration Technologies by 1.4% in the third quarter. Arizona State Retirement System now owns 24,461 shares of the company’s stock valued at $1,103,000 after buying an additional 336 shares during the last quarter. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ATMU shares. Robert W. Baird raised their price target on Atmus Filtration Technologies from $59.00 to $69.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Citigroup reiterated an “outperform” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, February 18th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a report on Wednesday, January 21st. Wall Street Zen upgraded Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 14th. Finally, JPMorgan Chase & Co. increased their price target on Atmus Filtration Technologies from $60.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Atmus Filtration Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $59.75.

Atmus Filtration Technologies Stock Performance

Atmus Filtration Technologies stock opened at $56.49 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.42 and a quick ratio of 1.66. Atmus Filtration Technologies Inc. has a 12 month low of $30.94 and a 12 month high of $66.50. The company has a fifty day moving average price of $59.65 and a two-hundred day moving average price of $51.87. The company has a market cap of $4.60 billion, a PE ratio of 22.60, a P/E/G ratio of 2.56 and a beta of 1.48.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results on Friday, February 13th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.57 by $0.09. Atmus Filtration Technologies had a return on equity of 69.78% and a net margin of 11.76%.The company had revenue of $446.60 million during the quarter, compared to analyst estimates of $422.25 million. During the same period in the prior year, the company earned $0.58 earnings per share. The business’s revenue 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. 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, March 4th. Investors of record on Friday, February 20th were given a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 0.4%. The ex-dividend date was Friday, February 20th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is currently 8.80%.

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.