Renaissance Technologies LLC Lowers Stake in Atmus Filtration Technologies Inc. $ATMU

Renaissance Technologies LLC trimmed its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 60.5% during the 1st quarter, HoldingsChannel reports. The fund owned 18,700 shares of the company’s stock after selling 28,700 shares during the quarter. Renaissance Technologies LLC’s holdings in Atmus Filtration Technologies were worth $1,062,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Ieq Capital LLC raised its stake in Atmus Filtration Technologies by 3.4% during the 4th quarter. Ieq Capital LLC now owns 5,530 shares of the company’s stock valued at $287,000 after buying an additional 182 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Atmus Filtration Technologies by 0.3% during the 2nd quarter. California State Teachers Retirement System now owns 83,277 shares of the company’s stock valued at $3,033,000 after acquiring an additional 236 shares during the period. Anchyra Partners LLC increased its stake in shares of Atmus Filtration Technologies by 6.6% in the first quarter. Anchyra Partners LLC now owns 4,256 shares of the company’s stock worth $242,000 after purchasing an additional 264 shares in the last quarter. Creative Planning raised its stake in Atmus Filtration Technologies by 4.9% during the 2nd quarter. Creative Planning now owns 6,688 shares of the company’s stock valued at $244,000 after purchasing an additional 312 shares during the period. Finally, CWM LLC grew its stake in Atmus Filtration Technologies by 8.1% during the fourth quarter. CWM LLC now owns 4,949 shares of the company’s stock valued at $257,000 after acquiring an additional 371 shares in the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Weiss Ratings raised shares of Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. Wells Fargo & Company assumed coverage on Atmus Filtration Technologies in a report on Monday, August 3rd. They set an “equal weight” rating and a $56.00 price objective for the company. Robert W. Baird reduced their target price on shares of Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. JPMorgan Chase & Co. decreased their price objective 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. Finally, Wall Street Zen lowered Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, June 14th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.00.

Insider Activity

In related news, Director Stephen E. Macadam acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were acquired at an average price of $49.78 per share, with a total value of $99,560.00. Following the completion of 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jack Kienzler sold 5,132 shares of Atmus Filtration Technologies stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $45.25, for a total transaction of $232,223.00. Following the completion of the transaction, the chief financial officer owned 75,804 shares of the company’s stock, valued at $3,430,131. This represents a 6.34% 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. Insiders have sold a total of 36,240 shares of company stock worth $1,639,860 in the last three months. 0.43% of the stock is currently owned by corporate insiders.

Atmus Filtration Technologies Stock Up 2.3%

ATMU stock opened at $50.92 on Friday. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.83 and a current ratio of 2.65. Atmus Filtration Technologies Inc. has a one year low of $41.82 and a one year high of $66.50. The firm’s fifty day moving average is $51.25 and its 200 day moving average is $55.70. The firm has a market cap of $4.16 billion, a PE ratio of 19.51, a P/E/G ratio of 2.11 and a beta of 1.19.

Atmus Filtration Technologies (NYSE:ATMU) last released 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. The business 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 company’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.75 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. On average, research analysts forecast that Atmus Filtration Technologies Inc. will post 2.94 EPS 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. Shareholders of record on Thursday, August 27th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.5%. This is a boost 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 8.43%.

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.