Royal Bank of Canada Trims Stock Position in Atmus Filtration Technologies Inc. $ATMU

Royal Bank of Canada trimmed its position in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 27.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,952 shares of the company’s stock after selling 15,129 shares during the quarter. Royal Bank of Canada’s holdings in Atmus Filtration Technologies were worth $2,324,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ATMU. Price T Rowe Associates Inc. MD increased its holdings in shares of 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 during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Atmus Filtration Technologies by 5.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,200,311 shares of the company’s stock valued at $166,128,000 after buying an additional 163,659 shares during the period. Invesco Ltd. lifted its holdings in Atmus Filtration Technologies by 22.7% in the fourth 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 during the last quarter. Geode Capital Management LLC lifted its holdings in Atmus Filtration Technologies by 2.3% in the fourth 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. Finally, First Trust Advisors LP grew its position in Atmus Filtration Technologies by 3.3% in the first quarter. First Trust Advisors LP now owns 2,202,816 shares of the company’s stock worth $125,054,000 after acquiring an additional 70,905 shares during the period. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Wall Street Zen cut Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, June 14th. Weiss Ratings upgraded Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. 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. 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 report on Monday, May 4th. Finally, Robert W. Baird cut 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. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Atmus Filtration Technologies has a consensus rating of “Moderate Buy” and an average price target of $62.00.

Insiders Place Their Bets

In other news, Director Stephen E. Macadam acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were purchased at an average price of $49.78 per share, for a total transaction of $99,560.00. Following the acquisition, the director owned 40,588 shares of the company’s stock, valued at $2,020,470.64. This represents a 5.18% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephanie Disher sold 25,652 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 363,024 shares in the company, valued at approximately $16,426,836. The trade was a 6.60% 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. In the last three months, insiders sold 36,240 shares of company stock valued at $1,639,860. Insiders own 0.43% of the company’s stock.

Atmus Filtration Technologies Stock Performance

NYSE:ATMU opened at $51.22 on Tuesday. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.83 and a current ratio of 2.65. The stock has a market capitalization of $4.18 billion, a P/E ratio of 19.62, a PEG ratio of 2.17 and a beta of 1.19. The company has a 50 day moving average price of $51.35 and a 200 day moving average price of $55.65. Atmus Filtration Technologies Inc. has a fifty-two week low of $41.82 and a fifty-two week high of $66.50.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results 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 during the quarter, compared to the consensus estimate of $507.02 million. Atmus Filtration Technologies had a net margin of 11.32% and a return on equity of 59.85%. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. Equities research 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. Stockholders of record on Thursday, August 27th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, August 27th. This is a boost from Atmus Filtration Technologies’s previous quarterly dividend of $0.06. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.5%. Atmus Filtration Technologies’s payout ratio is presently 9.20%.

Atmus Filtration Technologies 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.