Renee Swan Sells 2,566 Shares of Atmus Filtration Technologies (NYSE:ATMU) Stock

Atmus Filtration Technologies Inc. (NYSE:ATMU) insider Renee Swan sold 2,566 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $45.25, for a total value of $116,111.50. Following the transaction, the insider directly owned 50,745 shares of the company’s stock, valued at $2,296,211.25. This represents a 4.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Atmus Filtration Technologies Price Performance

Shares of NYSE:ATMU opened at $47.30 on Thursday. Atmus Filtration Technologies Inc. has a 1-year low of $34.58 and a 1-year high of $66.50. The company has a debt-to-equity ratio of 2.47, a current ratio of 2.53 and a quick ratio of 1.70. The business has a fifty day moving average price of $56.39 and a 200-day moving average price of $56.26. The company has a market capitalization of $3.86 billion, a PE ratio of 18.55, a PEG ratio of 2.02 and a beta of 1.24.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.04. Atmus Filtration Technologies had a return on equity of 64.29% and a net margin of 11.56%.The firm had revenue of $477.50 million during the quarter, compared to the consensus estimate of $474.41 million. During the same period last year, the company earned $0.63 earnings per share. The company’s revenue 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. As a group, equities analysts expect that Atmus Filtration Technologies Inc. will post 2.95 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 26th will be issued a dividend of $0.055 per share. The ex-dividend date is Tuesday, May 26th. This represents a $0.22 annualized dividend and a dividend yield of 0.5%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is presently 8.63%.

Institutional Investors Weigh In On Atmus Filtration Technologies

Large investors have recently bought and sold shares of the business. Jones Financial Companies Lllp increased its holdings in Atmus Filtration Technologies by 143.1% in the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock worth $26,000 after buying an additional 412 shares in the last quarter. Essex Investment Management Co. LLC bought a new stake in Atmus Filtration Technologies in the 4th quarter worth about $37,000. GHP Investment Advisors Inc. bought a new stake in Atmus Filtration Technologies in the 1st quarter worth about $44,000. PNC Financial Services Group Inc. increased its holdings in Atmus Filtration Technologies by 87.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 849 shares of the company’s stock worth $44,000 after buying an additional 397 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in Atmus Filtration Technologies by 93.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock worth $49,000 after buying an additional 644 shares in the last quarter. 32.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on ATMU. Wells Fargo & Company reduced their price target on Atmus Filtration Technologies from $67.00 to $58.00 and set an “equal weight” rating for the company in a report on Wednesday, April 1st. JPMorgan Chase & Co. reduced their price target on Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating for the company in a report on Monday, May 4th. Weiss Ratings upgraded Atmus Filtration Technologies from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, May 26th. Robert W. Baird reduced their price target on Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Finally, Wall Street Zen downgraded Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Sunday, May 10th. Four 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 stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.67.

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.