Atmus Filtration Technologies (NYSE:ATMU) CFO Jack Kienzler Sells 5,132 Shares

Atmus Filtration Technologies Inc. (NYSE:ATMU) CFO Jack Kienzler sold 5,132 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $45.25, for a total value of $232,223.00. Following the completion of the sale, the chief financial officer directly owned 75,804 shares of the company’s stock, valued at approximately $3,430,131. The trade was a 6.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Atmus Filtration Technologies Trading Up 3.3%

NYSE ATMU opened at $47.19 on Wednesday. The company has a market cap of $3.85 billion, a PE ratio of 18.51, a PEG ratio of 1.96 and a beta of 1.24. The company has a current ratio of 2.53, a quick ratio of 1.70 and a debt-to-equity ratio of 2.47. Atmus Filtration Technologies Inc. has a 12 month low of $34.58 and a 12 month high of $66.50. The stock has a 50 day moving average of $56.77 and a 200-day moving average of $56.29.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings data on Friday, May 1st. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.65 by $0.04. The company had revenue of $477.50 million during the quarter, compared to the consensus estimate of $474.41 million. Atmus Filtration Technologies had a return on equity of 64.29% and a net margin of 11.56%.The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.63 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. On average, equities research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.95 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 26th will be issued 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 is Tuesday, May 26th. Atmus Filtration Technologies’s dividend payout ratio is presently 8.63%.

Institutional Investors Weigh In On Atmus Filtration Technologies

Several hedge funds have recently added to or reduced their stakes in ATMU. Ieq Capital LLC boosted its stake in Atmus Filtration Technologies by 3.4% in the 4th quarter. Ieq Capital LLC now owns 5,530 shares of the company’s stock valued at $287,000 after purchasing an additional 182 shares during the period. California State Teachers Retirement System boosted its stake in Atmus Filtration Technologies by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 83,277 shares of the company’s stock valued at $3,033,000 after purchasing an additional 236 shares during the period. Anchyra Partners LLC boosted its stake in Atmus Filtration Technologies by 6.6% in the 1st quarter. Anchyra Partners LLC now owns 4,256 shares of the company’s stock valued at $242,000 after purchasing an additional 264 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Atmus Filtration Technologies by 14.7% during the fourth quarter. GAMMA Investing LLC now owns 2,223 shares of the company’s stock worth $115,000 after buying an additional 285 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Atmus Filtration Technologies by 5.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,021 shares of the company’s stock worth $266,000 after buying an additional 301 shares in the last quarter. Institutional investors and hedge funds own 32.73% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wells Fargo & Company cut their price objective on Atmus Filtration Technologies from $67.00 to $58.00 and set an “equal weight” rating for the company in a report on Wednesday, April 1st. Zacks Research downgraded Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. JPMorgan Chase & Co. cut their price objective on Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating for the company in a report on Monday, May 4th. Citigroup reaffirmed an “outperform” rating on shares of Atmus Filtration Technologies in a report on Wednesday, February 18th. Finally, Weiss Ratings raised Atmus Filtration Technologies from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, May 26th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $62.67.

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.