Eminence Capital LP Sells 2,697,058 Shares of Atmus Filtration Technologies Inc. $ATMU

Eminence Capital LP decreased its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 41.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,825,346 shares of the company’s stock after selling 2,697,058 shares during the quarter. Atmus Filtration Technologies accounts for about 3.1% of Eminence Capital LP’s holdings, making the stock its 13th biggest holding. Eminence Capital LP’s holdings in Atmus Filtration Technologies were worth $198,574,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Ieq Capital LLC raised its stake in Atmus Filtration Technologies by 3.4% in the fourth quarter. Ieq Capital LLC now owns 5,530 shares of the company’s stock worth $287,000 after buying an additional 182 shares in the last quarter. California State Teachers Retirement System raised its stake in Atmus Filtration Technologies by 0.3% in the second quarter. California State Teachers Retirement System now owns 83,277 shares of the company’s stock worth $3,033,000 after buying an additional 236 shares in the last quarter. GAMMA Investing LLC raised its stake in Atmus Filtration Technologies by 14.7% in 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. Creative Planning raised its stake in Atmus Filtration Technologies by 4.9% in the second quarter. Creative Planning now owns 6,688 shares of the company’s stock worth $244,000 after buying an additional 312 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Atmus Filtration Technologies by 6.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,380 shares of the company’s stock worth $346,000 after buying an additional 359 shares in the last quarter. Institutional investors own 32.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Weiss Ratings lowered shares of Atmus Filtration Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Robert W. Baird cut their price target on shares of Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating on the stock 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. Wall Street Zen lowered shares of Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Zacks Research lowered shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.67.

Atmus Filtration Technologies Price Performance

NYSE ATMU opened at $50.99 on Thursday. The firm’s fifty day simple moving average is $54.46 and its two-hundred day simple moving average is $56.30. 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 firm has a market capitalization of $4.16 billion, a P/E ratio of 19.99, a P/E/G ratio of 2.21 and a beta of 1.24.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.04. Atmus Filtration Technologies had a net margin of 11.56% and a return on equity of 64.29%. The business had revenue of $477.50 million for the quarter, compared to analyst estimates of $474.41 million. During the same period in the previous year, the company earned $0.63 earnings per share. The business’s revenue for the quarter was up 14.6% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. Analysts forecast that Atmus Filtration Technologies Inc. will post 2.95 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 26th were issued a dividend of $0.055 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.4%. Atmus Filtration Technologies’s payout ratio is 8.63%.

Insider Activity

In related news, Director Gretchen R. Haggerty acquired 1,973 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were purchased at an average cost of $55.74 per share, with a total value of $109,975.02. Following the completion of the acquisition, the director directly owned 25,741 shares of the company’s stock, valued at $1,434,803.34. This represents a 8.30% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jack Kienzler sold 5,132 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $45.25, for a total transaction of $232,223.00. Following the sale, the chief financial officer directly owned 75,804 shares in the company, valued at $3,430,131. This trade represents a 6.34% 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. Over the last ninety days, insiders sold 36,240 shares of company stock valued at $1,639,860. 0.43% of the stock is owned by corporate insiders.

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.