Axiom Investors LLC DE Invests $11.67 Million in Atmus Filtration Technologies Inc. $ATMU

Axiom Investors LLC DE bought a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) during the fourth quarter, Holdings Channel.com reports. The firm bought 224,745 shares of the company’s stock, valued at approximately $11,667,000.

Other large investors also recently modified their holdings of the company. Jones Financial Companies Lllp lifted its holdings in Atmus Filtration Technologies by 143.1% in the first quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after buying an additional 412 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Atmus Filtration Technologies by 87.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 849 shares of the company’s stock valued at $44,000 after buying an additional 397 shares during the period. Global Retirement Partners LLC lifted its holdings in Atmus Filtration Technologies by 53.7% in the fourth quarter. Global Retirement Partners LLC now owns 1,319 shares of the company’s stock valued at $68,000 after buying an additional 461 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Atmus Filtration Technologies by 93.6% in the second quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock valued at $49,000 after buying an additional 644 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Atmus Filtration Technologies by 14.7% in the fourth quarter. GAMMA Investing LLC now owns 2,223 shares of the company’s stock valued at $115,000 after buying an additional 285 shares during the period. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Atmus Filtration Technologies Stock Up 4.6%

Atmus Filtration Technologies stock opened at $48.26 on Wednesday. The company has a market cap of $3.94 billion, a P/E ratio of 18.92, a price-to-earnings-growth ratio of 1.98 and a beta of 1.24. Atmus Filtration Technologies Inc. has a 1-year low of $34.58 and a 1-year high of $66.50. The company has a fifty day simple moving average of $55.40 and a 200 day simple moving average of $56.27. The company has a current ratio of 2.53, a quick ratio of 1.70 and a debt-to-equity ratio of 2.47.

Atmus Filtration Technologies (NYSE:ATMU) last released its earnings results on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. The business had revenue of $477.50 million during the quarter, compared to the consensus estimate of $474.41 million. Atmus Filtration Technologies had a net margin of 11.56% and a return on equity of 64.29%. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.63 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. Research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.95 earnings per share for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

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

Insider Activity at Atmus Filtration Technologies

In other news, CFO Jack Kienzler sold 5,132 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $45.25, for a total transaction of $232,223.00. Following the completion of the sale, the chief financial officer owned 75,804 shares in the company, valued at approximately $3,430,131. This trade represents a 6.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Charles Masters sold 2,890 shares of Atmus Filtration Technologies stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $45.25, for a total transaction of $130,772.50. Following the completion of the sale, the senior vice president owned 43,579 shares of the company’s stock, valued at $1,971,949.75. This trade represents a 6.22% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 36,240 shares of company stock worth $1,639,860 in the last quarter. 0.43% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ATMU has been the topic of several analyst reports. JPMorgan Chase & Co. cut their target price on shares of Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating on the stock in a report on Monday, May 4th. Robert W. Baird cut their target price on shares of Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Wells Fargo & Company cut their target price on shares of Atmus Filtration Technologies from $67.00 to $58.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 1st. Citigroup reiterated an “outperform” rating on shares of Atmus Filtration Technologies in a report on Wednesday, February 18th. Finally, Wall Street Zen upgraded shares of Atmus Filtration Technologies from a “hold” rating to a “buy” rating in a report on Saturday. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Atmus Filtration Technologies has an average rating of “Moderate Buy” and an average target price 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.