William Blair Investment Management LLC Invests $20.66 Million in Atmus Filtration Technologies Inc. $ATMU

William Blair Investment Management LLC purchased a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 405,168 shares of the company’s stock, valued at approximately $20,660,000. William Blair Investment Management LLC owned 0.50% of Atmus Filtration Technologies as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in ATMU. BlackRock Inc. bought a new position in Atmus Filtration Technologies in the 2nd quarter valued at about $631,617,000. Price T Rowe Associates Inc. MD raised its position in shares of Atmus Filtration Technologies by 14.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,677,884 shares of the company’s stock worth $242,830,000 after buying an additional 596,553 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Atmus Filtration Technologies by 5.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,200,311 shares of the company’s stock worth $166,128,000 after buying an additional 163,659 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Atmus Filtration Technologies by 22.7% in the 4th quarter. Invesco Ltd. now owns 2,728,470 shares of the company’s stock worth $141,635,000 after acquiring an additional 504,647 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Atmus Filtration Technologies by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 2,428,684 shares of the company’s stock worth $126,088,000 after acquiring an additional 54,376 shares during the period. Institutional investors and hedge funds own 32.73% of the company’s stock.

Insiders Place Their Bets

In other news, Director Stephen E. Macadam acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was acquired at an average cost of $49.78 per share, for a total transaction of $99,560.00. Following the completion of the acquisition, the director owned 40,588 shares in the company, valued at approximately $2,020,470.64. The trade was a 5.18% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Stephanie Disher sold 25,652 shares of Atmus Filtration Technologies stock in a transaction on Monday, June 1st. The shares were sold at an average price of $45.25, for a total value of $1,160,753.00. Following the sale, the chief executive officer directly owned 363,024 shares of the company’s stock, valued at approximately $16,426,836. The trade was a 6.60% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 40,110 shares of company stock valued at $1,836,804 in the last three months. Company insiders own 0.43% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on ATMU. Wall Street Zen downgraded shares of Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a report on Sunday, June 14th. JPMorgan Chase & Co. reduced 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 report on Monday, May 4th. Robert W. Baird decreased 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 research report on Monday, May 4th. Weiss Ratings raised Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Finally, Wells Fargo & Company assumed coverage on Atmus Filtration Technologies in a research report on Monday, August 3rd. They set an “equal weight” rating and a $56.00 price objective for the company. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $62.00.

Atmus Filtration Technologies Stock Performance

Shares of Atmus Filtration Technologies stock opened at $49.80 on Friday. Atmus Filtration Technologies Inc. has a 12 month low of $42.60 and a 12 month high of $66.50. The company has a quick ratio of 1.83, a current ratio of 2.65 and a debt-to-equity ratio of 2.18. The stock has a market cap of $4.06 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 2.10 and a beta of 1.19. The business has a fifty day simple moving average of $51.44 and a 200-day simple moving average of $55.44.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. The firm had revenue of $527.90 million during the quarter, compared to analyst estimates of $507.02 million. Atmus Filtration Technologies had a return on equity of 59.85% and a net margin of 11.32%.The business’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period last year, the company posted $0.75 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. On average, sell-side analysts anticipate that Atmus Filtration Technologies Inc. will post 2.97 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 issued a dividend of $0.06 per share. The ex-dividend date is Thursday, August 27th. This represents a $0.24 annualized dividend and a dividend yield of 0.5%. This is an increase from Atmus Filtration Technologies’s previous quarterly dividend of $0.06. Atmus Filtration Technologies’s dividend payout ratio is presently 8.43%.

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.