Atmus Filtration Technologies Inc. $ATMU Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 5.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 506,807 shares of the company’s stock after selling 27,530 shares during the period. JPMorgan Chase & Co.’s holdings in Atmus Filtration Technologies were worth $22,852,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ATMU. Jones Financial Companies Lllp lifted its holdings in shares of 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 during the last quarter. Geneos Wealth Management Inc. grew its stake in Atmus Filtration Technologies by 93.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock worth $49,000 after buying an additional 644 shares during the last quarter. Osaic Holdings Inc. increased its position in Atmus Filtration Technologies by 54.8% during the 2nd quarter. Osaic Holdings Inc. now owns 2,471 shares of the company’s stock valued at $90,000 after buying an additional 875 shares in the last quarter. Strs Ohio acquired a new position in Atmus Filtration Technologies during the 1st quarter valued at about $121,000. Finally, Bessemer Group Inc. raised its stake in Atmus Filtration Technologies by 224.1% in the third quarter. Bessemer Group Inc. now owns 3,688 shares of the company’s stock valued at $166,000 after buying an additional 2,550 shares during the last quarter. 32.73% of the stock is owned by institutional investors and hedge funds.

Atmus Filtration Technologies Stock Performance

Shares of ATMU opened at $59.27 on Wednesday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.66 and a current ratio of 2.42. The stock has a 50-day moving average of $60.06 and a two-hundred day moving average of $52.58. The stock has a market cap of $4.83 billion, a P/E ratio of 23.71, a P/E/G ratio of 2.61 and a beta of 1.48. Atmus Filtration Technologies Inc. has a one year low of $30.94 and a one year high of $66.50.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings data on Friday, February 13th. The company reported $0.66 earnings per share for the quarter, beating 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 business had revenue of $446.60 million for 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 company’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. As a group, research analysts predict that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Friday, February 20th were issued 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 is 8.80%.

Analysts Set New Price Targets

Several brokerages have weighed in on ATMU. JPMorgan Chase & Co. raised their price target on Atmus Filtration Technologies from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Citigroup reaffirmed an “outperform” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, February 18th. Wells Fargo & Company lifted their target price on shares of Atmus Filtration Technologies from $54.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 17th. Zacks Research raised shares of Atmus Filtration Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Finally, Robert W. Baird upped their price target on shares of Atmus Filtration Technologies from $59.00 to $69.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $59.75.

Atmus Filtration Technologies Company 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.