Marathon Partners Equity Management LLC Invests $3.93 Million in Atmus Filtration Technologies Inc. $ATMU

Marathon Partners Equity Management LLC bought a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 77,000 shares of the company’s stock, valued at approximately $3,926,000. Atmus Filtration Technologies makes up approximately 3.7% of Marathon Partners Equity Management LLC’s holdings, making the stock its 8th biggest holding. Marathon Partners Equity Management LLC owned approximately 0.09% of Atmus Filtration Technologies at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP acquired a new position in shares of Atmus Filtration Technologies during the second quarter worth approximately $25,000. Jones Financial Companies Lllp raised its position in Atmus Filtration Technologies by 143.1% in the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock worth $26,000 after purchasing an additional 412 shares during the last quarter. Essex Investment Management Co. LLC acquired a new position in Atmus Filtration Technologies during the 4th quarter worth $37,000. GHP Investment Advisors Inc. bought a new position in Atmus Filtration Technologies in the 1st quarter valued at $44,000. Finally, PNC Financial Services Group Inc. boosted its position in Atmus Filtration Technologies by 87.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 849 shares of the company’s stock valued at $44,000 after buying an additional 397 shares during the last quarter. Institutional investors and hedge funds own 32.73% of the company’s stock.

Insider Activity at Atmus Filtration Technologies

In other Atmus Filtration Technologies news, Director Stephen E. Macadam bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were acquired at an average cost of $49.78 per share, with a total value of $99,560.00. Following the acquisition, the director owned 40,588 shares of the company’s stock, valued at $2,020,470.64. The trade was a 5.18% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jack Kienzler sold 5,132 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 $232,223.00. Following the sale, the chief financial officer directly owned 75,804 shares of the company’s stock, valued at $3,430,131. This represents a 6.34% 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 sold a total of 40,110 shares of company stock worth $1,836,804 in the last three months. 0.43% of the stock is owned by company insiders.

Atmus Filtration Technologies Trading Down 3.1%

ATMU opened at $48.24 on Tuesday. 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 stock has a market capitalization of $3.94 billion, a P/E ratio of 18.48, a P/E/G ratio of 2.10 and a beta of 1.19. The firm’s fifty day simple moving average is $51.40 and its 200 day simple moving average is $55.31. 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 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.04. The company had revenue of $527.90 million during the quarter, compared to analysts’ expectations of $507.02 million. Atmus Filtration Technologies had a net margin of 11.32% and a return on equity of 59.85%. The business’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period last year, the business earned $0.75 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. As a group, research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.97 EPS for the current fiscal year.

Atmus Filtration Technologies Increases Dividend

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

Analyst Ratings Changes

Several equities analysts recently issued reports on ATMU shares. Weiss Ratings upgraded Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Wells Fargo & Company initiated coverage on shares of Atmus Filtration Technologies in a research report on Monday, August 3rd. They set an “equal weight” rating and a $56.00 price target for the company. Robert W. Baird cut 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. JPMorgan Chase & Co. lowered their target price on shares of 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, Wall Street Zen downgraded Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, June 14th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Atmus Filtration Technologies currently 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.