Atmus Filtration Technologies Inc. $ATMU Stake Lifted by Summit Global Investments

Summit Global Investments grew its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 93.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,937 shares of the company’s stock after acquiring an additional 11,058 shares during the period. Summit Global Investments’ holdings in Atmus Filtration Technologies were worth $996,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ATMU. VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in shares of Atmus Filtration Technologies by 366.7% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 25,200 shares of the company’s stock worth $1,094,000 after purchasing an additional 19,800 shares during the period. Pinnacle Wealth Planning Services Inc. grew its holdings in Atmus Filtration Technologies by 1,581.2% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,614 shares of the company’s stock valued at $70,000 after purchasing an additional 1,518 shares during the period. Moody Aldrich Partners LLC grew its holdings in Atmus Filtration Technologies by 4.2% during the third quarter. Moody Aldrich Partners LLC now owns 75,415 shares of the company’s stock valued at $3,275,000 after purchasing an additional 3,017 shares during the period. Fifth Third Wealth Advisors LLC bought a new position in Atmus Filtration Technologies during the third quarter valued at $227,000. Finally, Sterling Capital Management LLC increased its position in Atmus Filtration Technologies by 584.7% in the third quarter. Sterling Capital Management LLC now owns 2,677 shares of the company’s stock worth $116,000 after buying an additional 2,286 shares during the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Price Performance

Atmus Filtration Technologies stock opened at $45.66 on Monday. Atmus Filtration Technologies Inc. has a one year low of $40.75 and a one year high of $66.50. The business has a fifty day moving average price of $45.45 and a 200-day moving average price of $53.09. The company has a debt-to-equity ratio of 2.18, a current ratio of 2.65 and a quick ratio of 1.83. The firm has a market capitalization of $3.73 billion, a P/E ratio of 17.49, a PEG ratio of 1.92 and a beta of 1.20.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings data on Friday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. The company had revenue of $527.90 million for the quarter, compared to analyst estimates of $507.02 million. Atmus Filtration Technologies had a return on equity of 59.85% and a net margin of 11.32%. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. As a group, equities research analysts forecast that Atmus Filtration Technologies Inc. will post 2.97 EPS for the current year.

Atmus Filtration Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Thursday, August 27th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, August 27th. This is a boost from Atmus Filtration Technologies’s previous quarterly dividend of $0.0550. Atmus Filtration Technologies’s payout ratio is presently 9.20%.

Analysts Set New Price Targets

Several brokerages have issued reports on ATMU. Wells Fargo & Company assumed coverage on Atmus Filtration Technologies in a research note on Monday, August 3rd. They issued an “equal weight” rating and a $56.00 target price on the stock. JPMorgan Chase & Co. cut their price target on Atmus Filtration Technologies from $67.00 to $54.00 and set an “overweight” rating for the company in a research note on Thursday, October 8th. Finally, Weiss Ratings raised Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Atmus Filtration Technologies has a consensus rating of “Moderate Buy” and an average target price of $57.67.

Insider Transactions at Atmus Filtration Technologies

In related news, Director Stephen E. Macadam purchased 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average cost of $49.78 per share, for a total transaction of $99,560.00. Following the completion of the transaction, the director directly owned 40,588 shares in the company, valued at approximately $2,020,470.64. This represents a 5.18% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Renee Swan sold 3,870 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $50.89, for a total transaction of $196,944.30. Following the completion of the sale, the insider directly owned 46,875 shares in the company, valued at approximately $2,385,468.75. The trade was a 7.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.43% of the stock is owned by insiders.

Atmus Filtration Technologies Company Profile

Atmus Filtration Technologies Inc (NYSE: ATMU) is a filtration products and solutions company serving the commercial vehicle, industrial, agriculture, construction, mining and power-generation markets. The company develops and manufactures filtration technologies designed to protect engines, equipment and other critical systems while supporting performance and maintenance requirements.

Atmus’s product portfolio includes air, fuel, lube and hydraulic filtration products, as well as solutions for emissions control, crankcase ventilation and coolant management.