Royce & Associates LP Increases Position in Atmus Filtration Technologies Inc. $ATMU

Royce & Associates LP raised its position in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 667,812 shares of the company’s stock after purchasing an additional 17,740 shares during the quarter. Royce & Associates LP’s holdings in Atmus Filtration Technologies were worth $34,666,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Channing Capital Management LLC raised its position in Atmus Filtration Technologies by 3,192.8% in the third quarter. Channing Capital Management LLC now owns 1,715,015 shares of the company’s stock valued at $77,330,000 after purchasing an additional 1,662,931 shares during the period. Kennedy Capital Management LLC raised its position in Atmus Filtration Technologies by 90.6% in the third quarter. Kennedy Capital Management LLC now owns 351,610 shares of the company’s stock valued at $15,854,000 after purchasing an additional 167,095 shares during the period. Altrinsic Global Advisors LLC raised its position in Atmus Filtration Technologies by 21.8% in the third quarter. Altrinsic Global Advisors LLC now owns 251,382 shares of the company’s stock valued at $11,335,000 after purchasing an additional 45,005 shares during the period. Mangrove Partners IM LLC raised its position in Atmus Filtration Technologies by 21.0% in the third quarter. Mangrove Partners IM LLC now owns 1,330,553 shares of the company’s stock valued at $59,995,000 after purchasing an additional 230,922 shares during the period. Finally, First Trust Advisors LP raised its position in Atmus Filtration Technologies by 49.1% in the third quarter. First Trust Advisors LP now owns 1,527,957 shares of the company’s stock valued at $68,896,000 after purchasing an additional 503,383 shares during the period. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ATMU shares. Zacks Research lowered Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. JPMorgan Chase & Co. cut their target price on Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating on the stock in a research report on Monday, May 4th. Wells Fargo & Company cut their target price on Atmus Filtration Technologies from $67.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 1st. Robert W. Baird reduced their target price on shares of Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Finally, Citigroup restated an “outperform” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, February 18th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $56.75.

Insider Buying and Selling

In related news, Director Gretchen R. Haggerty bought 1,973 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average cost of $55.74 per share, with a total value of $109,975.02. Following the purchase, the director directly owned 25,741 shares of the company’s stock, valued at $1,434,803.34. This trade represents a 8.30% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.43% of the stock is owned by insiders.

Atmus Filtration Technologies Trading Up 0.1%

ATMU opened at $48.88 on Tuesday. Atmus Filtration Technologies Inc. has a 12 month low of $34.58 and a 12 month high of $66.50. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 2.09 and a beta of 1.47. The company has a debt-to-equity ratio of 2.47, a current ratio of 2.53 and a quick ratio of 1.70. The business has a fifty day moving average price of $57.65 and a 200 day moving average price of $56.29.

Atmus Filtration Technologies (NYSE:ATMU) last released its earnings results on Friday, May 1st. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.65 by $0.04. Atmus Filtration Technologies had a return on equity of 64.29% and a net margin of 11.56%.The firm had revenue of $477.50 million during the quarter, compared to analysts’ expectations of $474.41 million. During the same period in the previous year, the firm posted $0.63 EPS. Atmus Filtration Technologies’s revenue for the quarter was up 14.6% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. Sell-side analysts expect that Atmus Filtration Technologies Inc. will post 2.95 earnings per share for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Tuesday, May 26th will be paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, May 26th. Atmus Filtration Technologies’s payout ratio is presently 8.63%.

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.