TD Asset Management Inc Reduces Stock Position in Atmus Filtration Technologies Inc. $ATMU

TD Asset Management Inc lowered its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 4.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,332 shares of the company’s stock after selling 2,476 shares during the quarter. TD Asset Management Inc owned 0.06% of Atmus Filtration Technologies worth $1,942,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Xponance Inc. boosted its holdings in Atmus Filtration Technologies by 5.6% during the 1st quarter. Xponance Inc. now owns 6,792 shares of the company’s stock valued at $249,000 after acquiring an additional 358 shares during the period. Hohimer Wealth Management LLC boosted its holdings in Atmus Filtration Technologies by 4.5% during the 1st quarter. Hohimer Wealth Management LLC now owns 9,053 shares of the company’s stock valued at $333,000 after acquiring an additional 386 shares during the period. Jones Financial Companies Lllp raised its position in Atmus Filtration Technologies by 143.1% during the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after purchasing an additional 412 shares in the last quarter. Verdence Capital Advisors LLC raised its position in Atmus Filtration Technologies by 3.3% during the 2nd quarter. Verdence Capital Advisors LLC now owns 13,393 shares of the company’s stock valued at $488,000 after purchasing an additional 431 shares in the last quarter. Finally, SouthState Corp bought a new stake in Atmus Filtration Technologies during the 1st quarter valued at $27,000. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wells Fargo & Company lifted their target price on Atmus Filtration Technologies from $42.00 to $47.00 and gave the company an “equal weight” rating in a research report on Thursday, September 18th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, October 8th. Robert W. Baird lifted their target price on Atmus Filtration Technologies from $41.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, August 11th. Wall Street Zen raised Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 20th. Finally, JPMorgan Chase & Co. lifted their target price on Atmus Filtration Technologies from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Tuesday, October 14th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $45.60.

Atmus Filtration Technologies Trading Up 0.6%

ATMU opened at $44.66 on Wednesday. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 5.34 and a beta of 1.63. The company has a current ratio of 2.15, a quick ratio of 1.43 and a debt-to-equity ratio of 1.75. Atmus Filtration Technologies Inc. has a 12 month low of $30.94 and a 12 month high of $47.10. The stock has a fifty day moving average price of $44.76 and a 200-day moving average price of $39.38.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings results on Friday, August 8th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.66 by $0.09. The firm had revenue of $453.50 million during the quarter, compared to analyst estimates 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 for the quarter was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 EPS. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. As a group, equities research analysts anticipate 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 was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th were given a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, August 26th. This is a positive change from Atmus Filtration Technologies’s previous quarterly dividend of $0.05. Atmus Filtration Technologies’s dividend payout ratio is presently 9.73%.

Atmus Filtration Technologies Profile

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.