Medina Value Partners LLC Buys New Position in Atmus Filtration Technologies Inc. $ATMU

Medina Value Partners LLC acquired a new stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) during the second quarter, according to its most recent filing with the SEC. The fund acquired 318,986 shares of the company’s stock, valued at approximately $16,265,096. Atmus Filtration Technologies accounts for approximately 0.0% of Medina Value Partners LLC’s investment portfolio, making the stock its 15th biggest holding. Medina Value Partners LLC owned 0.39% of Atmus Filtration Technologies as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Ieq Capital LLC boosted its holdings in Atmus Filtration Technologies by 3.4% during the 4th quarter. Ieq Capital LLC now owns 5,530 shares of the company’s stock valued at $287,000 after acquiring an additional 182 shares during the period. California State Teachers Retirement System grew its holdings in shares of Atmus Filtration Technologies by 0.3% during the second quarter. California State Teachers Retirement System now owns 83,277 shares of the company’s stock worth $3,033,000 after purchasing an additional 236 shares during the last quarter. Anchyra Partners LLC grew its stake in shares of Atmus Filtration Technologies by 6.6% during the 1st quarter. Anchyra Partners LLC now owns 4,256 shares of the company’s stock worth $242,000 after purchasing an additional 264 shares during the period. Creative Planning boosted its holdings in shares of Atmus Filtration Technologies by 4.9% during the second quarter. Creative Planning now owns 6,688 shares of the company’s stock worth $244,000 after purchasing an additional 312 shares during the last quarter. Finally, CWM LLC lifted its position in shares of Atmus Filtration Technologies by 8.1% during the fourth quarter. CWM LLC now owns 4,949 shares of the company’s stock worth $257,000 after purchasing an additional 371 shares in the last quarter. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on ATMU. JPMorgan Chase & Co. lowered 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. Robert W. Baird reduced their price target on 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 began coverage on Atmus Filtration Technologies in a research report on Monday, August 3rd. They set an “equal weight” rating and a $56.00 price target for the company. Weiss Ratings lowered Atmus Filtration Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Finally, Wall Street Zen lowered shares of Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, June 14th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $62.00.

Atmus Filtration Technologies Trading Down 2.4%

Shares of NYSE:ATMU traded down $1.17 during midday trading on Friday, reaching $47.65. The company’s stock had a trading volume of 554,673 shares, compared to its average volume of 941,677. 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 business has a 50 day moving average price of $51.27 and a 200 day moving average price of $55.06. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 2.08 and a beta of 1.19. Atmus Filtration Technologies Inc. has a 1 year low of $42.60 and a 1 year high of $66.50.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings data 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. The business 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 company’s 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. Research analysts forecast that Atmus Filtration Technologies Inc. will post 2.97 EPS for the current 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 paid a dividend of $0.06 per share. This is an increase from Atmus Filtration Technologies’s previous quarterly dividend of $0.06. The ex-dividend date is Thursday, August 27th. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is presently 8.43%.

Insider Buying and Selling at Atmus Filtration Technologies

In related news, CFO Jack Kienzler sold 5,132 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $45.25, for a total value of $232,223.00. Following the transaction, the chief financial officer owned 75,804 shares of the company’s stock, valued at $3,430,131. This represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Renee Swan sold 3,870 shares of Atmus Filtration Technologies stock in a transaction on 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 approximately $2,385,468.75. The trade was a 7.63% 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. Over the last 90 days, insiders sold 40,110 shares of company stock valued at $1,836,804. Insiders own 0.43% of the company’s stock.

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.