Medina Value Partners LLC Takes $16.27 Billion Position in Atmus Filtration Technologies Inc. $ATMU

Medina Value Partners LLC acquired a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 318,986 shares of the company’s stock, valued at approximately $16,265,096,000. Atmus Filtration Technologies accounts for approximately 3.2% of Medina Value Partners LLC’s holdings, making the stock its 15th biggest holding.

A number of other hedge funds have also bought and sold shares of ATMU. Ieq Capital LLC raised its stake in Atmus Filtration Technologies by 3.4% during the fourth quarter. Ieq Capital LLC now owns 5,530 shares of the company’s stock worth $287,000 after buying an additional 182 shares during the last quarter. California State Teachers Retirement System boosted its position in 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 valued at $3,033,000 after acquiring an additional 236 shares during the last quarter. Anchyra Partners LLC boosted its position in Atmus Filtration Technologies by 6.6% during the first quarter. Anchyra Partners LLC now owns 4,256 shares of the company’s stock valued at $242,000 after acquiring an additional 264 shares during the last quarter. Creative Planning grew its holdings in Atmus Filtration Technologies by 4.9% during the 2nd quarter. Creative Planning now owns 6,688 shares of the company’s stock worth $244,000 after acquiring an additional 312 shares during the period. Finally, CWM LLC grew its holdings in Atmus Filtration Technologies by 8.1% during the 4th quarter. CWM LLC now owns 4,949 shares of the company’s stock worth $257,000 after acquiring an additional 371 shares during the period. Institutional investors own 32.73% of the company’s stock.

Insider Buying and Selling at Atmus Filtration Technologies

In other Atmus Filtration Technologies news, insider Renee Swan sold 3,870 shares of the stock in a transaction that occurred 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 transaction, the insider owned 46,875 shares in the company, valued at approximately $2,385,468.75. This represents a 7.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Stephanie Disher sold 25,652 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $45.25, for a total value of $1,160,753.00. Following the completion of the transaction, the chief executive officer owned 363,024 shares in the company, valued at approximately $16,426,836. The trade was a 6.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 40,110 shares of company stock worth $1,836,804 in the last quarter. Company insiders own 0.43% of the company’s stock.

Atmus Filtration Technologies Trading Up 3.1%

ATMU opened at $49.61 on Wednesday. Atmus Filtration Technologies Inc. has a 1-year low of $42.60 and a 1-year 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. The company has a market cap of $4.05 billion, a P/E ratio of 19.01, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19. The company has a fifty day moving average price of $51.36 and a two-hundred day moving average price of $55.23.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.04. The firm had revenue of $527.90 million for the quarter, compared to analyst estimates of $507.02 million. Atmus Filtration Technologies had a net margin of 11.32% and a return on equity of 59.85%. The business’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. Analysts predict that Atmus Filtration Technologies Inc. will post 2.97 EPS for the current fiscal year.

Atmus Filtration Technologies Increases Dividend

The company also recently declared 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 is an increase from Atmus Filtration Technologies’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend 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 currently 8.43%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ATMU. Weiss Ratings raised Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Robert W. Baird decreased their target price on Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. Wall Street Zen downgraded Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a report on Sunday, June 14th. Wells Fargo & Company initiated coverage on Atmus Filtration Technologies in a research note on Monday, August 3rd. They issued an “equal weight” rating and a $56.00 price target on the stock. Finally, JPMorgan Chase & Co. dropped their price target on Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating on the stock in a research note on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Atmus Filtration Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price 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.