11,879 Shares in Atmus Filtration Technologies Inc. $ATMU Purchased by Summit Global Investments

Summit Global Investments bought a new stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,879 shares of the company’s stock, valued at approximately $606,000.

Several other institutional investors also recently bought and sold shares of ATMU. Boston Trust Walden Corp purchased a new position in shares of Atmus Filtration Technologies in the fourth quarter valued at approximately $44,304,000. Arrowstreet Capital Limited Partnership increased its stake in Atmus Filtration Technologies by 193.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 999,548 shares of the company’s stock worth $56,744,000 after buying an additional 659,357 shares during the period. First Trust Advisors LP increased its stake in Atmus Filtration Technologies by 39.5% during the 4th quarter. First Trust Advisors LP now owns 2,131,911 shares of the company’s stock worth $110,668,000 after buying an additional 603,954 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Atmus Filtration Technologies by 14.6% during 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 buying an additional 596,553 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Atmus Filtration Technologies by 22.7% during the 4th quarter. Invesco Ltd. now owns 2,728,470 shares of the company’s stock worth $141,635,000 after buying an additional 504,647 shares in the last quarter. 32.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ATMU. Weiss Ratings raised Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. JPMorgan Chase & Co. reduced their price target 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. Robert W. Baird lowered their price objective 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. Wells Fargo & Company assumed coverage on shares of Atmus Filtration Technologies in a report on Monday, August 3rd. They issued an “equal weight” rating and a $56.00 target price on the stock. Finally, Wall Street Zen downgraded shares of Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, June 14th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $62.00.

Atmus Filtration Technologies Stock Performance

Shares of ATMU opened at $50.92 on Friday. The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 2.17 and a beta of 1.19. Atmus Filtration Technologies Inc. has a 52-week low of $41.82 and a 52-week high of $66.50. 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 stock has a 50 day moving average price of $51.25 and a 200 day moving average price of $55.70.

Atmus Filtration Technologies (NYSE:ATMU) last issued 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. Atmus Filtration Technologies had a net margin of 11.32% and a return on equity of 59.85%. The business had revenue of $527.90 million during the quarter, compared to the consensus estimate of $507.02 million. During the same quarter in the previous year, the firm earned $0.75 EPS. 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. Research analysts predict that Atmus Filtration Technologies Inc. will post 2.94 EPS for the current fiscal year.

Atmus Filtration Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Thursday, August 27th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, August 27th. This is a positive change from Atmus Filtration Technologies’s previous quarterly dividend of $0.06. This represents a $0.24 annualized dividend and a dividend yield of 0.5%. Atmus Filtration Technologies’s dividend payout ratio is 8.43%.

Insider Activity at Atmus Filtration Technologies

In other Atmus Filtration Technologies news, CEO Stephanie Disher sold 25,652 shares of Atmus Filtration Technologies stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $45.25, for a total transaction of $1,160,753.00. Following the transaction, the chief executive officer owned 363,024 shares of the company’s stock, valued at $16,426,836. The trade was a 6.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Renee Swan sold 2,566 shares of Atmus Filtration Technologies stock in a transaction on Monday, June 1st. The shares were sold at an average price of $45.25, for a total transaction of $116,111.50. Following the completion of the transaction, the insider directly owned 50,745 shares in the company, valued at $2,296,211.25. The trade was a 4.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 36,240 shares of company stock valued at $1,639,860 over the last 90 days. 0.43% of the stock is owned by insiders.

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.