Chesapeake Capital Corp IL Invests $574,000 in Atmus Filtration Technologies Inc. $ATMU

Chesapeake Capital Corp IL purchased a new position in Atmus Filtration Technologies Inc. (NYSE:ATMU) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,726 shares of the company’s stock, valued at approximately $574,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp boosted its position in Atmus Filtration Technologies by 143.1% in the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after buying an additional 412 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Atmus Filtration Technologies by 93.6% during the second quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock worth $49,000 after acquiring an additional 644 shares during the period. Osaic Holdings Inc. increased its position in shares of Atmus Filtration Technologies by 54.8% during the second quarter. Osaic Holdings Inc. now owns 2,471 shares of the company’s stock worth $90,000 after acquiring an additional 875 shares during the period. Strs Ohio bought a new stake in shares of Atmus Filtration Technologies during the first quarter valued at approximately $121,000. Finally, Bessemer Group Inc. raised its stake in shares of Atmus Filtration Technologies by 224.1% during the third quarter. Bessemer Group Inc. now owns 3,688 shares of the company’s stock valued at $166,000 after acquiring an additional 2,550 shares in the last quarter. Institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Stock Performance

Shares of ATMU stock opened at $56.49 on Friday. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 2.56 and a beta of 1.48. Atmus Filtration Technologies Inc. has a 52-week low of $30.94 and a 52-week high of $66.50. The company has a quick ratio of 1.66, a current ratio of 2.42 and a debt-to-equity ratio of 1.43. The company’s 50 day moving average is $59.65 and its 200 day moving average is $51.87.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results on Friday, February 13th. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the business earned $0.58 earnings per share. Atmus Filtration Technologies’s revenue 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, sell-side analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

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

Analysts Set New Price Targets

ATMU has been the topic of several research reports. JPMorgan Chase & Co. raised their price objective on Atmus Filtration Technologies from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Wall Street Zen upgraded Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 14th. Weiss Ratings reissued a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, January 21st. Zacks Research upgraded Atmus Filtration Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. Finally, Wells Fargo & Company lifted their price objective on Atmus Filtration Technologies from $54.00 to $67.00 and gave the company an “equal weight” rating in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Atmus Filtration Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $59.75.

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.