Renee Swan Sells 2,566 Shares of Atmus Filtration Technologies (NYSE:ATMU) Stock

Atmus Filtration Technologies Inc. (NYSE:ATMU) insider Renee Swan sold 2,566 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $45.25, for a total value of $116,111.50. Following the completion of the sale, the insider directly owned 50,745 shares of the company’s stock, valued at approximately $2,296,211.25. This trade represents a 4.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Atmus Filtration Technologies Stock Up 3.3%

Shares of Atmus Filtration Technologies stock traded up $1.49 during midday trading on Tuesday, hitting $47.19. The company’s stock had a trading volume of 960,961 shares, compared to its average volume of 1,057,404. The firm has a market capitalization of $3.85 billion, a P/E ratio of 18.51, a PEG ratio of 2.00 and a beta of 1.47. The stock has a 50-day simple moving average of $56.77 and a 200-day simple moving average of $56.29. The company has a quick ratio of 1.70, a current ratio of 2.53 and a debt-to-equity ratio of 2.47. Atmus Filtration Technologies Inc. has a 1-year low of $34.58 and a 1-year high of $66.50.

Atmus Filtration Technologies (NYSE:ATMU) last issued its earnings results on Friday, May 1st. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.65 by $0.04. The business had revenue of $477.50 million during the quarter, compared to analysts’ expectations of $474.41 million. Atmus Filtration Technologies had a return on equity of 64.29% and a net margin of 11.56%.Atmus Filtration Technologies’s revenue was up 14.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.63 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. As a group, sell-side analysts expect that Atmus Filtration Technologies Inc. will post 2.95 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Tuesday, May 26th will be issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Tuesday, May 26th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is currently 8.63%.

Hedge Funds Weigh In On Atmus Filtration Technologies

Hedge funds have recently bought and sold shares of the business. Ieq Capital LLC lifted its position in shares of Atmus Filtration Technologies by 3.4% in the fourth quarter. Ieq Capital LLC now owns 5,530 shares of the company’s stock worth $287,000 after buying an additional 182 shares during the last quarter. California State Teachers Retirement System boosted 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 worth $3,033,000 after acquiring an additional 236 shares in the last quarter. Anchyra Partners LLC increased its holdings in shares of Atmus Filtration Technologies by 6.6% during the 1st quarter. Anchyra Partners LLC now owns 4,256 shares of the company’s stock valued at $242,000 after acquiring an additional 264 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Atmus Filtration Technologies by 14.7% in the 4th quarter. GAMMA Investing LLC now owns 2,223 shares of the company’s stock valued at $115,000 after acquiring an additional 285 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Atmus Filtration Technologies by 5.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,021 shares of the company’s stock valued at $266,000 after acquiring an additional 301 shares in the last quarter. 32.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the stock. JPMorgan Chase & Co. decreased their price target 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. Zacks Research cut shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings upgraded shares of Atmus Filtration Technologies from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, May 26th. Robert W. Baird decreased their price target on shares of Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Finally, Wall Street Zen cut shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Sunday, May 10th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Atmus Filtration Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.67.

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.