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

Atmus Filtration Technologies Inc. (NYSE:ATMU) insider Renee Swan sold 3,870 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $50.89, for a total value of $196,944.30. Following the completion of the sale, the insider directly owned 46,875 shares of the company’s stock, valued at $2,385,468.75. The trade was a 7.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $45.25, for a total transaction of $116,111.50.

Atmus Filtration Technologies Price Performance

Shares of ATMU stock opened at $49.20 on Thursday. The firm has a fifty day simple moving average of $51.42 and a 200-day simple moving average of $55.54. The company has a market capitalization of $4.01 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 2.10 and a beta of 1.19. Atmus Filtration Technologies Inc. has a twelve month low of $41.82 and a twelve month high of $66.50. The company has a current ratio of 2.65, a quick ratio of 1.83 and a debt-to-equity ratio of 2.18.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings results on Friday, August 7th. The company reported $0.82 EPS 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 business had revenue of $527.90 million for the quarter, compared to analysts’ expectations of $507.02 million. During the same quarter in the previous year, the firm posted $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. Equities research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Thursday, August 27th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, August 27th. This is an increase from Atmus Filtration Technologies’s previous quarterly dividend of $0.06. Atmus Filtration Technologies’s dividend payout ratio (DPR) is currently 8.43%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Atmus Filtration Technologies by 16.1% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,476 shares of the company’s stock worth $7,928,000 after buying an additional 21,579 shares during the period. Wellington Management Group LLP lifted its position in shares of Atmus Filtration Technologies by 4.3% in the 2nd quarter. Wellington Management Group LLP now owns 1,445,763 shares of the company’s stock valued at $73,719,000 after acquiring an additional 59,342 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Atmus Filtration Technologies in the 2nd quarter worth approximately $3,141,000. United Capital Financial Advisors LLC acquired a new position in Atmus Filtration Technologies in the 2nd quarter worth approximately $1,037,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Atmus Filtration Technologies during the 2nd quarter worth approximately $3,059,000. Institutional investors and hedge funds own 32.73% of the company’s stock.

Wall Street Analysts Forecast Growth

ATMU has been the topic of a number of recent analyst reports. Wall Street Zen cut Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a report on Sunday, June 14th. Weiss Ratings upgraded Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Wells Fargo & Company initiated coverage on Atmus Filtration Technologies in a research note on Monday, August 3rd. They set an “equal weight” rating and a $56.00 target price on the stock. 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 research report on Monday, May 4th. Finally, JPMorgan Chase & Co. decreased their price target on 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. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.