Convergence Investment Partners LLC Purchases Shares of 37,691 Atmus Filtration Technologies Inc. $ATMU

Convergence Investment Partners LLC purchased a new position in Atmus Filtration Technologies Inc. (NYSE:ATMU) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 37,691 shares of the company’s stock, valued at approximately $2,140,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its position in shares of Atmus Filtration Technologies by 143.1% during 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 last quarter. Essex Investment Management Co. LLC bought a new stake in shares of Atmus Filtration Technologies in the fourth quarter valued at about $37,000. GHP Investment Advisors Inc. acquired a new stake in Atmus Filtration Technologies during the first quarter worth about $44,000. PNC Financial Services Group Inc. increased its stake in Atmus Filtration Technologies by 87.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 849 shares of the company’s stock valued at $44,000 after acquiring an additional 397 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in Atmus Filtration Technologies by 93.6% during the second quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock valued at $49,000 after acquiring an additional 644 shares during the period. Institutional investors own 32.73% of the company’s stock.

Insider Transactions at Atmus Filtration Technologies

In other news, insider Renee Swan sold 2,566 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 transaction of $116,111.50. Following the sale, the insider owned 50,745 shares in the company, valued at approximately $2,296,211.25. This represents a 4.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 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 $130,772.50. Following the completion of the sale, the senior vice president owned 43,579 shares of the company’s stock, valued at approximately $1,971,949.75. This trade represents a 6.22% decrease in their ownership of the stock. 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. In the last quarter, insiders have sold 36,240 shares of company stock worth $1,639,860. 0.43% of the stock is owned by company insiders.

Atmus Filtration Technologies Price Performance

Shares of Atmus Filtration Technologies stock opened at $50.57 on Tuesday. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 19.83, a P/E/G ratio of 2.19 and a beta of 1.19. The firm’s 50-day moving average price is $50.14 and its two-hundred day moving average price is $56.07. 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 Inc. has a 1-year low of $37.22 and a 1-year high of $66.50.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. The company had revenue of $477.50 million during the quarter, compared to analysts’ expectations of $474.41 million. Atmus Filtration Technologies had a net margin of 11.56% and a return on equity of 64.29%. Atmus Filtration Technologies’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. On average, equities analysts predict that Atmus Filtration Technologies Inc. will post 2.97 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 26th were given a $0.055 dividend. The ex-dividend date was Tuesday, May 26th. This represents a $0.22 annualized dividend and a yield of 0.4%. Atmus Filtration Technologies’s payout ratio is presently 8.63%.

Wall Street Analysts Forecast Growth

ATMU has been the subject of several recent research reports. Wells Fargo & Company cut 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. lowered their price objective on Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating on the stock in a research report on Monday, May 4th. Zacks Research lowered Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Wall Street Zen cut Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, June 14th. Finally, Weiss Ratings downgraded shares of Atmus Filtration Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, July 15th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $62.67.

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.