Atmus Filtration Technologies (NYSE:ATMU) Director Stephen Macadam Buys 2,000 Shares

Atmus Filtration Technologies Inc. (NYSE:ATMU) Director Stephen Macadam bought 2,000 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was bought at an average price of $49.78 per share, for a total transaction of $99,560.00. Following the transaction, the director directly owned 40,588 shares of the company’s stock, valued at approximately $2,020,470.64. This represents a 5.18% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Atmus Filtration Technologies Stock Down 0.1%

Shares of NYSE:ATMU opened at $49.73 on Friday. Atmus Filtration Technologies Inc. has a 52-week low of $41.82 and a 52-week high of $66.50. The company has a market capitalization of $4.06 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.83 and a current ratio of 2.65. The company has a fifty day moving average of $51.15 and a 200-day moving average of $55.73.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.04. The firm had revenue of $527.90 million during the quarter, compared to analysts’ expectations of $507.02 million. Atmus Filtration Technologies had a net margin of 11.32% and a return on equity of 59.85%. The company’s revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. On average, equities analysts predict that Atmus Filtration Technologies Inc. will post 2.94 EPS for the current fiscal year.

Hedge Funds Weigh In On Atmus Filtration Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Atmus Filtration Technologies by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,874 shares of the company’s stock worth $1,832,000 after acquiring an additional 2,176 shares during the period. Millennium Management LLC lifted its stake in shares of Atmus Filtration Technologies by 17.5% in the 1st quarter. Millennium Management LLC now owns 219,639 shares of the company’s stock valued at $8,067,000 after purchasing an additional 32,727 shares during the period. Jones Financial Companies Lllp boosted its position 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 in the last quarter. Caxton Associates LLP bought a new stake in shares of Atmus Filtration Technologies during the 1st quarter valued at about $283,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Atmus Filtration Technologies by 2.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 159,638 shares of the company’s stock worth $5,864,000 after purchasing an additional 3,419 shares during the period. Institutional investors and hedge funds own 32.73% of the company’s stock.

Analyst Upgrades and Downgrades

ATMU has been the topic of several recent research reports. JPMorgan Chase & Co. cut their target price on Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating on the stock in a report on Monday, May 4th. Wall Street Zen downgraded Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, June 14th. Robert W. Baird lowered their price objective on Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. Wells Fargo & Company initiated coverage on Atmus Filtration Technologies in a research note on Monday, August 3rd. They issued an “equal weight” rating and a $56.00 price objective on the stock. Finally, Weiss Ratings upgraded Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.00.

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.