Weiss Asset Management LP Invests $710,000 in Atmus Filtration Technologies Inc. $ATMU

Weiss Asset Management LP bought a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 12,506 shares of the company’s stock, valued at approximately $710,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ATMU. Jones Financial Companies Lllp increased its holdings in shares of 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 buying an additional 412 shares in the last quarter. Essex Investment Management Co. LLC acquired a new position in shares of Atmus Filtration Technologies in the 4th quarter worth approximately $37,000. GHP Investment Advisors Inc. acquired a new position in shares of Atmus Filtration Technologies in the 1st quarter worth approximately $44,000. PNC Financial Services Group Inc. grew its position in Atmus Filtration Technologies by 87.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 849 shares of the company’s stock worth $44,000 after acquiring an additional 397 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Atmus Filtration Technologies by 1,498.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 959 shares of the company’s stock worth $50,000 after acquiring an additional 899 shares during the last quarter. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company dropped their price target on Atmus Filtration Technologies from $67.00 to $58.00 and set an “equal weight” rating for the company in a report on Wednesday, April 1st. Weiss Ratings cut Atmus Filtration Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. lowered their target price on Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating for the company in a research note on Monday, May 4th. Wall Street Zen cut Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a report on Sunday, June 14th. Finally, Zacks Research downgraded shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Atmus Filtration Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $62.67.

Insider Transactions at Atmus Filtration Technologies

In other Atmus Filtration Technologies news, CEO Stephanie Disher sold 25,652 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $45.25, for a total value of $1,160,753.00. Following the completion of the sale, the chief executive officer directly owned 363,024 shares in the company, valued at $16,426,836. This represents a 6.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Jack Kienzler sold 5,132 shares of Atmus Filtration Technologies stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $45.25, for a total value of $232,223.00. Following the transaction, the chief financial officer owned 75,804 shares in the company, valued at $3,430,131. This trade represents a 6.34% decrease in their position. 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. In the last quarter, insiders sold 36,240 shares of company stock valued at $1,639,860. Insiders own 0.43% of the company’s stock.

Atmus Filtration Technologies Trading Up 1.5%

NYSE:ATMU opened at $54.34 on Tuesday. The business’s 50-day moving average price is $50.12 and its two-hundred day moving average price is $56.08. Atmus Filtration Technologies Inc. has a 1-year low of $37.22 and a 1-year high of $66.50. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 2.28 and a beta of 1.19. The company has a current ratio of 2.53, a quick ratio of 1.70 and a debt-to-equity ratio of 2.47.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. The firm had revenue of $477.50 million during the quarter, compared to analysts’ expectations of $474.41 million. Atmus Filtration Technologies had a net margin of 11.56% and a return on equity of 64.29%. The business’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.63 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. On average, equities analysts expect that Atmus Filtration Technologies Inc. will post 2.97 earnings per share for the current year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 26th were issued a dividend of $0.055 per share. The ex-dividend date was Tuesday, May 26th. This represents a $0.22 annualized dividend and a yield of 0.4%. Atmus Filtration Technologies’s payout ratio is currently 8.63%.

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.