Atmus Filtration Technologies Inc. $ATMU Stock Sold by Vest Financial LLC

Vest Financial LLC lowered its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 35.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 66,247 shares of the company’s stock after selling 37,106 shares during the quarter. Vest Financial LLC owned approximately 0.08% of Atmus Filtration Technologies worth $2,876,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. BlackRock Inc. purchased a new position in Atmus Filtration Technologies during the second quarter valued at $631,617,000. First Trust Advisors LP lifted its holdings 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 valued at $125,054,000 after acquiring an additional 70,905 shares during the period. Jupiter Topco LLC bought a new stake in Atmus Filtration Technologies during the second quarter valued at approximately $83,249,000. Janus Henderson Group PLC raised its holdings in Atmus Filtration Technologies by 13.3% in the 1st quarter. Janus Henderson Group PLC now owns 1,551,117 shares of the company’s stock worth $88,104,000 after purchasing an additional 181,792 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of Atmus Filtration Technologies by 4.3% during the 2nd quarter. Wellington Management Group LLP now owns 1,445,763 shares of the company’s stock valued at $73,719,000 after buying an additional 59,342 shares in the last quarter. 32.73% of the stock is owned by institutional investors.

Atmus Filtration Technologies Trading Down 0.2%

ATMU opened at $44.64 on Friday. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 1.88 and a beta of 1.20. The company’s 50 day simple moving average is $45.88 and its two-hundred day simple moving average is $50.68. 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 1-year low of $40.75 and a 1-year high of $66.50.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results on Friday, August 7th. The company reported $0.82 EPS for the quarter, topping 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 business had revenue of $527.90 million for the quarter, compared to analysts’ expectations of $507.02 million. During the same quarter in the previous year, the firm earned $0.75 earnings per share. The business’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. Analysts expect that Atmus Filtration Technologies Inc. will post 2.97 EPS for the current fiscal year.

Atmus Filtration Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Thursday, August 27th were given a dividend of $0.06 per share. The ex-dividend date was Thursday, August 27th. This is an increase from Atmus Filtration Technologies’s previous quarterly dividend of $0.0550. This represents a $0.24 annualized dividend and a yield of 0.5%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is currently 9.20%.

Insider Activity at Atmus Filtration Technologies

In related news, insider Renee Swan sold 3,870 shares of the business’s stock in a transaction dated 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. The trade was a 7.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Stephen E. Macadam acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was purchased at an average cost of $49.78 per share, with a total value of $99,560.00. Following the transaction, the director owned 40,588 shares of the company’s stock, valued at approximately $2,020,470.64. The trade was a 5.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ATMU. Wells Fargo & Company began coverage on shares of Atmus Filtration Technologies in a research note on Monday, August 3rd. They issued an “equal weight” rating and a $56.00 price objective for the company. JPMorgan Chase & Co. reduced their price target on shares of Atmus Filtration Technologies from $67.00 to $54.00 and set an “overweight” rating for the company in a report on Thursday, October 8th. Finally, Weiss Ratings upgraded Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $57.67.

Atmus Filtration Technologies Profile

Atmus Filtration Technologies Inc (NYSE: ATMU) is a filtration products and solutions company serving the commercial vehicle, industrial, agriculture, construction, mining and power-generation markets. The company develops and manufactures filtration technologies designed to protect engines, equipment and other critical systems while supporting performance and maintenance requirements.

Atmus’s product portfolio includes air, fuel, lube and hydraulic filtration products, as well as solutions for emissions control, crankcase ventilation and coolant management.