Tema Etfs LLC Sells 76,692 Shares of Atmus Filtration Technologies Inc. $ATMU

Tema Etfs LLC decreased its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 50.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 76,485 shares of the company’s stock after selling 76,692 shares during the period. Tema Etfs LLC’s holdings in Atmus Filtration Technologies were worth $2,786,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Marshall Wace LLP boosted its stake in shares of Atmus Filtration Technologies by 119.2% during the second quarter. Marshall Wace LLP now owns 676,878 shares of the company’s stock valued at $24,652,000 after purchasing an additional 368,125 shares in the last quarter. First Trust Advisors LP raised its stake in Atmus Filtration Technologies by 73.2% in the second quarter. First Trust Advisors LP now owns 1,024,574 shares of the company’s stock worth $37,315,000 after buying an additional 433,166 shares in the last quarter. Channing Capital Management LLC purchased a new stake in Atmus Filtration Technologies during the second quarter worth $1,897,000. Invesco Ltd. lifted its holdings in Atmus Filtration Technologies by 1.5% during the second quarter. Invesco Ltd. now owns 2,189,677 shares of the company’s stock worth $79,748,000 after buying an additional 31,827 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in Atmus Filtration Technologies during the 2nd quarter valued at $369,000. Institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Price Performance

NYSE ATMU opened at $52.83 on Friday. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 22.01, a PEG ratio of 3.46 and a beta of 1.58. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.14 and a quick ratio of 1.41. The stock’s fifty day moving average price is $46.70 and its 200 day moving average price is $42.31. Atmus Filtration Technologies Inc. has a 1 year low of $30.94 and a 1 year high of $53.56.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings results on Friday, November 7th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.08. The business had revenue of $447.70 million for the quarter, compared to the consensus estimate of $415.02 million. Atmus Filtration Technologies had a return on equity of 76.84% and a net margin of 11.57%.The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.61 EPS. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. As a group, equities research analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 0.4%. The ex-dividend date is Tuesday, November 25th. Atmus Filtration Technologies’s dividend payout ratio is 9.17%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research note 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 note on Monday, August 11th. JPMorgan Chase & Co. raised shares of Atmus Filtration Technologies from a “neutral” rating to an “overweight” rating and increased their price target for the company from $53.00 to $60.00 in a research report on Wednesday, November 26th. Wall Street Zen upgraded shares of Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 15th. Finally, Wells Fargo & Company lifted their price objective on shares of Atmus Filtration Technologies from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Atmus Filtration Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $49.00.

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.