William Blair Investment Management LLC Invests $20.66 Million in Atmus Filtration Technologies Inc. $ATMU

William Blair Investment Management LLC acquired a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 405,168 shares of the company’s stock, valued at approximately $20,660,000.

Other large investors have also recently bought and sold shares of the company. Allworth Financial LP acquired a new position in Atmus Filtration Technologies during the second quarter worth $25,000. Jones Financial Companies Lllp boosted its stake in shares of Atmus Filtration Technologies by 143.1% during the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock worth $26,000 after acquiring an additional 412 shares in the last quarter. Essex Investment Management Co. LLC bought a new stake in shares of Atmus Filtration Technologies during the 4th quarter worth about $37,000. GHP Investment Advisors Inc. acquired a new position in shares of Atmus Filtration Technologies during the 1st quarter valued at about $44,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Atmus Filtration Technologies by 87.8% during the 4th 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 last quarter. 32.73% of the stock is currently owned by institutional investors.

Atmus Filtration Technologies Stock Performance

ATMU opened at $49.80 on Friday. The firm has a market capitalization of $4.06 billion, a P/E ratio of 19.08, a price-to-earnings-growth ratio of 2.10 and a beta of 1.19. The stock’s 50 day moving average price is $51.44 and its two-hundred day moving average price is $55.44. The company has a quick ratio of 1.83, a current ratio of 2.65 and a debt-to-equity ratio of 2.18. Atmus Filtration Technologies Inc. has a 12-month low of $42.60 and a 12-month high of $66.50.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.82 EPS for the quarter, topping the consensus estimate 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 company had revenue of $527.90 million for the quarter, compared to the consensus estimate of $507.02 million. During the same period in the previous year, the business posted $0.75 EPS. The company’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. On average, equities analysts forecast that Atmus Filtration Technologies Inc. will post 2.97 earnings per share for the current year.

Atmus Filtration Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Thursday, August 27th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. 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. Atmus Filtration Technologies’s payout ratio is presently 8.43%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their target price 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. Wells Fargo & Company started coverage on Atmus Filtration Technologies in a report on Monday, August 3rd. They set an “equal weight” rating and a $56.00 price target on the stock. Wall Street Zen lowered shares of Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, June 14th. Weiss Ratings upgraded shares of Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Finally, Robert W. Baird cut their target price on shares of 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 investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Atmus Filtration Technologies has an average rating of “Moderate Buy” and a consensus target price of $62.00.

Insider Buying and Selling at Atmus Filtration Technologies

In other Atmus Filtration Technologies news, insider Renee Swan sold 3,870 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $50.89, for a total value of $196,944.30. Following the sale, the insider directly owned 46,875 shares in the company, valued at $2,385,468.75. This trade represents a 7.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 business’s stock in a transaction dated 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 in the company, valued at approximately $16,426,836. The trade was a 6.60% decrease in their position. 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 40,110 shares of company stock valued at $1,836,804 in the last three months. 0.43% of the stock is owned by insiders.

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.