Insider Selling: Atmus Filtration Technologies (NYSE:ATMU) CFO Sells 5,132 Shares of Stock

Atmus Filtration Technologies Inc. (NYSE:ATMU) CFO Jack Kienzler sold 5,132 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were 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 in the company, valued at approximately $3,430,131. This trade represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Atmus Filtration Technologies Trading Up 3.3%

Shares of ATMU stock traded up $1.49 during trading hours on Tuesday, hitting $47.19. 960,961 shares of the company were exchanged, compared to its average volume of 1,057,404. The firm has a market cap of $3.85 billion, a PE ratio of 18.51, a PEG ratio of 2.00 and a beta of 1.47. Atmus Filtration Technologies Inc. has a 1 year low of $34.58 and a 1 year high of $66.50. The company has a quick ratio of 1.70, a current ratio of 2.53 and a debt-to-equity ratio of 2.47. The firm has a fifty day moving average of $56.77 and a 200 day moving average of $56.29.

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

Atmus Filtration Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders 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 is presently 8.63%.

Wall Street Analysts Forecast Growth

ATMU has been the topic of several research reports. JPMorgan Chase & Co. cut their price target on shares of Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating on the stock in a report on Monday, May 4th. Zacks Research lowered shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Robert W. Baird cut their price target on shares of Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Wall Street Zen lowered shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Sunday, May 10th. Finally, Citigroup restated an “outperform” rating on shares of Atmus Filtration Technologies in a report on Wednesday, February 18th. 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 has an average rating of “Moderate Buy” and an average target price of $62.67.

Institutional Trading of Atmus Filtration Technologies

Hedge funds have recently made changes to their positions in the company. Jones Financial Companies Lllp raised its stake 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 valued at $26,000 after purchasing an additional 412 shares during the period. Essex Investment Management Co. LLC purchased a new stake in shares of Atmus Filtration Technologies during the fourth quarter valued at approximately $37,000. GHP Investment Advisors Inc. purchased a new stake in shares of Atmus Filtration Technologies during the first quarter valued at approximately $44,000. PNC Financial Services Group Inc. raised its stake in shares of Atmus Filtration Technologies by 87.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 849 shares of the company’s stock valued at $44,000 after purchasing an additional 397 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in shares of Atmus Filtration Technologies by 93.6% during the second quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock valued at $49,000 after purchasing an additional 644 shares during the period. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Company 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.