Atmus Filtration Technologies (NYSE:ATMU) Insider Renee Swan Sells 3,870 Shares

Atmus Filtration Technologies Inc. (NYSE:ATMU) insider Renee Swan sold 3,870 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $50.89, for a total transaction of $196,944.30. Following the sale, the insider directly owned 46,875 shares of the company’s stock, valued at approximately $2,385,468.75. This trade represents a 7.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Renee Swan also recently made the following trade(s):

• On Monday, June 1st, Renee Swan sold 2,566 shares of Atmus Filtration Technologies stock. The shares were sold at an average price of $45.25, for a total value of $116,111.50.

Atmus Filtration Technologies Trading Down 2.2%

NYSE:ATMU opened at $50.00 on Wednesday. The business’s 50-day moving average is $51.38 and its two-hundred day moving average is $55.60. The firm has a market capitalization of $4.08 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 2.17 and a beta of 1.19. Atmus Filtration Technologies Inc. has a 12 month low of $41.82 and a 12 month high of $66.50. The company has a debt-to-equity ratio of 2.18, a current ratio of 2.65 and a quick ratio of 1.83.

Atmus Filtration Technologies (NYSE:ATMU) last issued its earnings results on Friday, August 7th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.04. Atmus Filtration Technologies had a return on equity of 59.85% and a net margin of 11.32%.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 business earned $0.75 earnings per share. The company’s revenue was up 16.5% compared to the same quarter last year. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. Research analysts predict that Atmus Filtration Technologies Inc. will post 2.97 earnings per share 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. Shareholders of record on Thursday, August 27th will be issued a $0.06 dividend. The ex-dividend date is Thursday, August 27th. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. This is a boost from Atmus Filtration Technologies’s previous quarterly dividend of $0.06. Atmus Filtration Technologies’s dividend payout ratio (DPR) is currently 8.43%.

Institutional Investors Weigh In On Atmus Filtration Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of ATMU. Allworth Financial LP acquired a new stake in shares of Atmus Filtration Technologies during the second quarter worth approximately $25,000. Jones Financial Companies Lllp increased its stake in shares of Atmus Filtration Technologies by 143.1% in the first quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock worth $26,000 after buying an additional 412 shares during the last quarter. Essex Investment Management Co. LLC acquired a new stake in Atmus Filtration Technologies in the fourth quarter valued at $37,000. GHP Investment Advisors Inc. acquired a new stake in Atmus Filtration Technologies in the first quarter valued at $44,000. Finally, PNC Financial Services Group Inc. boosted its stake in Atmus Filtration Technologies by 87.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 849 shares of the company’s stock valued at $44,000 after acquiring an additional 397 shares during the last quarter. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ATMU. Weiss Ratings upgraded shares of Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Robert W. Baird decreased their target price on shares of Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. JPMorgan Chase & Co. decreased their target price on shares of Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating for the company in a research note on Monday, May 4th. Wall Street Zen lowered shares of Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a report on Sunday, June 14th. Finally, Wells Fargo & Company began coverage on shares of Atmus Filtration Technologies in a research note on Monday, August 3rd. They set an “equal weight” rating and a $56.00 price target on the stock. Four equities research 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 currently has a consensus 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.