Atmus Filtration Technologies Inc. $ATMU Shares Bought by Tema Etfs LLC

Tema Etfs LLC increased its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 35.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 153,177 shares of the company’s stock after acquiring an additional 39,845 shares during the quarter. Atmus Filtration Technologies makes up 1.7% of Tema Etfs LLC’s portfolio, making the stock its 16th biggest position. Tema Etfs LLC’s holdings in Atmus Filtration Technologies were worth $5,626,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Trust Advisors LP grew its holdings in shares of Atmus Filtration Technologies by 196.8% during the fourth quarter. First Trust Advisors LP now owns 158,136 shares of the company’s stock valued at $6,196,000 after purchasing an additional 104,855 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Atmus Filtration Technologies by 39.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 738,469 shares of the company’s stock worth $28,931,000 after purchasing an additional 208,550 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Atmus Filtration Technologies by 295.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,368 shares of the company’s stock worth $54,000 after purchasing an additional 1,022 shares during the period. Hsbc Holdings PLC raised its position in shares of Atmus Filtration Technologies by 42.6% during the fourth quarter. Hsbc Holdings PLC now owns 18,317 shares of the company’s stock worth $715,000 after purchasing an additional 5,471 shares during the period. Finally, Voya Investment Management LLC raised its position in Atmus Filtration Technologies by 20.2% during the fourth quarter. Voya Investment Management LLC now owns 114,515 shares of the company’s stock valued at $4,487,000 after buying an additional 19,282 shares during the period. 32.73% of the stock is owned by institutional investors.

Atmus Filtration Technologies Stock Performance

ATMU opened at $44.58 on Thursday. Atmus Filtration Technologies Inc. has a 52-week low of $30.94 and a 52-week high of $45.92. The firm has a market capitalization of $3.66 billion, a PE ratio of 19.73, a PEG ratio of 5.30 and a beta of 1.64. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.43 and a current ratio of 2.15. The business’s 50-day simple moving average is $39.24 and its 200 day simple moving average is $37.51.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings results on Friday, August 8th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The firm had revenue of $453.50 million for the quarter, compared to the consensus estimate of $433.51 million. Atmus Filtration Technologies had a return on equity of 83.23% and a net margin of 11.22%.The business’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 earnings per share. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. As a group, sell-side analysts expect that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 0.5%. This is an increase from Atmus Filtration Technologies’s previous quarterly dividend of $0.05. The ex-dividend date is Tuesday, August 26th. Atmus Filtration Technologies’s dividend payout ratio is presently 9.73%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $46.00 target price (up from $44.00) on shares of Atmus Filtration Technologies in a research report on Wednesday, August 20th. Wells Fargo & Company increased their target price on Atmus Filtration Technologies from $37.00 to $39.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 1st. Wall Street Zen cut Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday. The Goldman Sachs Group cut Atmus Filtration Technologies from a “buy” rating to a “neutral” rating and set a $39.00 price target for the company. in a report on Tuesday, May 27th. Finally, Robert W. Baird increased their target price on Atmus Filtration Technologies from $41.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, August 11th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $43.80.

About Atmus Filtration Technologies

Atmus Filtration Technologies Inc designs, manufactures, and sells filtration products under the Fleetguard brand name in North America, Europe, South America, Asia, Australia, Africa, and internationally. The company offers fuel filters, lube filters, air filters, crankcase ventilation, hydraulic filters, coolants, and fuel additives, as well as other chemicals; and fuel water separators and other filtration systems to original equipment manufacturers, dealers/distributors, and end-users.