Legal & General Group Plc Makes New Investment in Atmus Filtration Technologies Inc. $ATMU

Legal & General Group Plc purchased a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 186,323 shares of the company’s stock, valued at approximately $9,501,000. Legal & General Group Plc owned approximately 0.23% of Atmus Filtration Technologies as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Atmus Filtration Technologies by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,874 shares of the company’s stock valued at $1,832,000 after acquiring an additional 2,176 shares in the last quarter. Millennium Management LLC boosted its position in Atmus Filtration Technologies by 17.5% during the first quarter. Millennium Management LLC now owns 219,639 shares of the company’s stock worth $8,067,000 after purchasing an additional 32,727 shares during the period. Jones Financial Companies Lllp boosted its position in Atmus Filtration Technologies by 143.1% during the first 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 period. Caxton Associates LLP acquired a new position in Atmus Filtration Technologies during the first quarter valued at approximately $283,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Atmus Filtration Technologies by 2.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 159,638 shares of the company’s stock valued at $5,864,000 after purchasing an additional 3,419 shares during the period. Institutional investors and hedge funds own 32.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Weiss Ratings lowered shares of Atmus Filtration Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. 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, Wells Fargo & Company initiated coverage on shares of Atmus Filtration Technologies in a report on Monday, August 3rd. They set an “equal weight” rating and a $56.00 price target for the company. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $62.00.

Atmus Filtration Technologies Trading Down 2.3%

Shares of Atmus Filtration Technologies stock opened at $46.13 on Wednesday. Atmus Filtration Technologies Inc. has a 1 year low of $42.60 and a 1 year high of $66.50. The company’s fifty day simple moving average is $51.01 and its 200-day simple moving average is $54.74. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 1.99 and a beta of 1.19. The company has a current ratio of 2.65, a quick ratio of 1.83 and a debt-to-equity ratio of 2.18.

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, beating analysts’ consensus estimates of $0.78 by $0.04. Atmus Filtration Technologies had a net margin of 11.32% and a return on equity of 59.85%. The firm had revenue of $527.90 million during the quarter, compared to the consensus estimate of $507.02 million. During the same period in the prior year, the firm earned $0.75 EPS. The business’s revenue 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, sell-side analysts expect that Atmus Filtration Technologies Inc. will post 2.97 EPS for the current year.

Atmus Filtration Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Thursday, August 27th will be issued a $0.06 dividend. This is a positive change from Atmus Filtration Technologies’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $0.24 annualized dividend and a yield of 0.5%. Atmus Filtration Technologies’s payout ratio is currently 9.20%.

Insider Activity at Atmus Filtration Technologies

In other news, Director Stephen E. Macadam acquired 2,000 shares of Atmus Filtration Technologies stock in a transaction on Wednesday, August 12th. The stock was bought at an average price of $49.78 per share, for a total transaction of $99,560.00. Following the transaction, 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 purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Renee Swan sold 3,870 shares of Atmus Filtration Technologies stock in a transaction that occurred on Monday, August 17th. The stock was 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. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 0.43% of the company’s stock.

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.