59,984 Shares in Atmus Filtration Technologies Inc. $ATMU Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 59,984 shares of the company’s stock, valued at approximately $3,059,000. Public Employees Retirement System of Ohio owned 0.07% of Atmus Filtration Technologies at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ATMU. Allworth Financial LP acquired a new position in shares of Atmus Filtration Technologies during the second quarter valued at approximately $25,000. Jones Financial Companies Lllp boosted its stake in Atmus Filtration Technologies by 143.1% during the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after purchasing an additional 412 shares in the last quarter. Essex Investment Management Co. LLC acquired a new position in shares of Atmus Filtration Technologies during the 4th quarter valued at $37,000. GHP Investment Advisors Inc. bought a new stake in shares of Atmus Filtration Technologies in the 1st quarter worth $44,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Atmus Filtration Technologies by 87.8% in the fourth 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 period. 32.73% of the stock is owned by institutional investors and hedge funds.

Atmus Filtration Technologies Stock Performance

Atmus Filtration Technologies stock opened at $48.18 on Friday. The firm’s 50 day simple moving average is $50.70 and its 200-day simple moving average is $54.47. The company has a market cap of $3.93 billion, a P/E ratio of 18.46, a price-to-earnings-growth ratio of 2.01 and a beta of 1.17. The company has a debt-to-equity ratio of 2.18, a current ratio of 2.65 and a quick ratio of 1.83. Atmus Filtration Technologies Inc. has a fifty-two week low of $42.60 and a fifty-two week high of $66.50.

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, beating 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 company had revenue of $527.90 million during the quarter, compared to analyst estimates of $507.02 million. During the same quarter in the prior year, the company earned $0.75 earnings per share. 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. As a group, equities research analysts predict that Atmus Filtration Technologies Inc. will post 2.97 EPS for the current year.

Atmus Filtration Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders 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%. The ex-dividend date is Thursday, August 27th. This is a boost from Atmus Filtration Technologies’s previous quarterly dividend of $0.06. Atmus Filtration Technologies’s dividend payout ratio is 9.20%.

Insider Activity

In other Atmus Filtration Technologies news, Director Stephen E. Macadam bought 2,000 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were bought at an average price of $49.78 per share, for a total transaction of $99,560.00. Following the acquisition, the director directly owned 40,588 shares of the company’s stock, valued at approximately $2,020,470.64. This trade represents a 5.18% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Renee Swan sold 3,870 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $50.89, for a total transaction of $196,944.30. Following the completion of the sale, the insider directly owned 46,875 shares of the company’s stock, valued at $2,385,468.75. This trade represents a 7.63% decrease in their ownership of the stock. 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. Insiders own 0.43% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wells Fargo & Company started coverage on shares of Atmus Filtration Technologies in a research report on Monday, August 3rd. They issued 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. Finally, Weiss Ratings cut shares of Atmus Filtration Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Atmus Filtration Technologies has a consensus rating of “Moderate Buy” and an average price target of $62.00.

About Atmus Filtration Technologies

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.