Insider Buying: Atmus Filtration Technologies (NYSE:ATMU) Director Purchases 2,000 Shares

Atmus Filtration Technologies Inc. (NYSE:ATMU) Director Stephen Macadam bought 2,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were bought at an average cost of $49.78 per share, with a total value of $99,560.00. Following the transaction, the director directly owned 40,588 shares of the company’s stock, valued at approximately $2,020,470.64. This trade represents a 5.18% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Atmus Filtration Technologies Stock Performance

Shares of Atmus Filtration Technologies stock traded up $0.02 on Thursday, reaching $49.82. The stock had a trading volume of 254,210 shares, compared to its average volume of 966,338. The business’s 50-day moving average price is $51.10 and its two-hundred day moving average price is $55.78. 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 fifty-two week low of $41.82 and a fifty-two week high of $66.50. The stock has a market cap of $4.07 billion, a P/E ratio of 19.08, a price-to-earnings-growth ratio of 2.10 and a beta of 1.19.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results on Friday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. The business had revenue of $527.90 million for the quarter, compared to analyst estimates of $507.02 million. Atmus Filtration Technologies had a net margin of 11.32% and a return on equity of 59.85%. Atmus Filtration Technologies’s revenue was up 16.5% compared to the same quarter last year. During the same period last year, the business posted $0.75 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. On average, sell-side analysts forecast that Atmus Filtration Technologies Inc. will post 2.94 EPS for the current year.

Analysts Set New Price Targets

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

Institutional Trading of Atmus Filtration Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ATMU. Allworth Financial LP bought a new stake in shares of Atmus Filtration Technologies in the 2nd quarter valued at approximately $25,000. Jones Financial Companies Lllp grew its position in Atmus Filtration Technologies by 143.1% in the first quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after acquiring an additional 412 shares during the period. Essex Investment Management Co. LLC acquired a new position in Atmus Filtration Technologies during the fourth quarter worth $37,000. GHP Investment Advisors Inc. acquired a new position in Atmus Filtration Technologies during the first quarter worth $44,000. Finally, PNC Financial Services Group Inc. lifted its holdings 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 acquiring an additional 397 shares during the period. 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.