Royal Bank of Canada Decreases Stock Holdings in Atmus Filtration Technologies Inc. $ATMU

Royal Bank of Canada lowered its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 27.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 40,952 shares of the company’s stock after selling 15,129 shares during the quarter. Royal Bank of Canada owned 0.05% of Atmus Filtration Technologies worth $2,324,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ATMU. Price T Rowe Associates Inc. MD grew its position in shares of Atmus Filtration Technologies by 14.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,677,884 shares of the company’s stock valued at $242,830,000 after purchasing an additional 596,553 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Atmus Filtration Technologies by 5.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,200,311 shares of the company’s stock worth $166,128,000 after purchasing an additional 163,659 shares in the last quarter. Invesco Ltd. raised its position in shares of Atmus Filtration Technologies by 22.7% during the 4th quarter. Invesco Ltd. now owns 2,728,470 shares of the company’s stock worth $141,635,000 after purchasing an additional 504,647 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Atmus Filtration Technologies by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 2,428,684 shares of the company’s stock worth $126,088,000 after purchasing an additional 54,376 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Atmus Filtration Technologies by 3.3% in the 1st quarter. First Trust Advisors LP now owns 2,202,816 shares of the company’s stock valued at $125,054,000 after buying an additional 70,905 shares in the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Insider Transactions at Atmus Filtration Technologies

In other Atmus Filtration Technologies news, SVP Charles Masters sold 2,890 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $45.25, for a total transaction of $130,772.50. Following the transaction, the senior vice president owned 43,579 shares of the company’s stock, valued at approximately $1,971,949.75. The trade was a 6.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Stephen E. Macadam bought 2,000 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was bought at an average price of $49.78 per share, with a total value of $99,560.00. Following the completion of the acquisition, the director owned 40,588 shares in the company, valued at $2,020,470.64. This represents a 5.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have sold 36,240 shares of company stock valued at $1,639,860. 0.43% of the stock is currently owned by company insiders.

Atmus Filtration Technologies Stock Performance

ATMU opened at $51.22 on Tuesday. Atmus Filtration Technologies Inc. has a twelve month low of $41.82 and a twelve month high of $66.50. The firm has a market capitalization of $4.18 billion, a PE ratio of 19.62, a PEG ratio of 2.17 and a beta of 1.19. The company has a current ratio of 2.65, a quick ratio of 1.83 and a debt-to-equity ratio of 2.18. The firm’s 50-day moving average price is $51.35 and its 200 day moving average price is $55.65.

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

Atmus Filtration Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Thursday, August 27th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Atmus Filtration Technologies’s previous quarterly dividend of $0.06. The ex-dividend date is Thursday, August 27th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is currently 9.20%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Wall Street Zen cut Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a report on Sunday, June 14th. Wells Fargo & Company assumed coverage on Atmus Filtration Technologies in a research report on Monday, August 3rd. They issued an “equal weight” rating and a $56.00 target price on the stock. Robert W. Baird decreased their target price on Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. JPMorgan Chase & Co. lowered their price target on Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating on the stock in a research note on Monday, May 4th. Finally, Weiss Ratings upgraded Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $62.00.

About Atmus Filtration Technologies

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.