Insider Buying: Atmus Filtration Technologies (NYSE:ATMU) Director Acquires $99,560.00 in Stock

Atmus Filtration Technologies Inc. (NYSE:ATMU) Director Stephen Macadam purchased 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were bought at an average price of $49.78 per share, with a total value of $99,560.00. Following the purchase, the director owned 40,588 shares in the company, valued at $2,020,470.64. The trade was a 5.18% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Atmus Filtration Technologies Price Performance

Atmus Filtration Technologies stock opened at $50.92 on Friday. Atmus Filtration Technologies Inc. has a 12 month low of $41.82 and a 12 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. The business’s 50 day simple moving average is $51.25 and its 200 day simple moving average is $55.70. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 2.17 and a beta of 1.19.

Atmus Filtration Technologies (NYSE:ATMU) last released its earnings results on Friday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $507.02 million. During the same period last year, the business posted $0.75 earnings per share. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. Sell-side analysts forecast that Atmus Filtration Technologies Inc. will post 2.94 EPS for the current year.

Atmus Filtration Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Thursday, August 27th will be issued a $0.06 dividend. 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 annualized dividend and a yield of 0.5%. Atmus Filtration Technologies’s payout ratio is 8.43%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ATMU. BlackRock Inc. bought a new stake in Atmus Filtration Technologies during the second quarter valued at $631,617,000. Price T Rowe Associates Inc. MD increased its stake in Atmus Filtration Technologies by 14.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,677,884 shares of the company’s stock worth $242,830,000 after acquiring an additional 596,553 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Atmus Filtration Technologies by 5.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,200,311 shares of the company’s stock worth $166,128,000 after acquiring an additional 163,659 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Atmus Filtration Technologies by 22.7% in the 4th quarter. Invesco Ltd. now owns 2,728,470 shares of the company’s stock valued at $141,635,000 after acquiring an additional 504,647 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Atmus Filtration Technologies by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 2,428,684 shares of the company’s stock valued at $126,088,000 after acquiring an additional 54,376 shares during the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ATMU shares. Robert W. Baird dropped their price objective 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 initiated coverage on shares of Atmus Filtration Technologies in a research note on Monday, August 3rd. They issued an “equal weight” rating and a $56.00 target price for the company. JPMorgan Chase & Co. dropped their price target on shares of 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. Weiss Ratings upgraded shares of Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. Finally, Wall Street Zen cut shares of Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a report on Sunday, June 14th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Atmus Filtration Technologies has an average 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.