Insider Selling: Atmus Filtration Technologies (NYSE:ATMU) Insider Sells $196,944.30 in Stock

Atmus Filtration Technologies Inc. (NYSE:ATMU) insider Renee Swan sold 3,870 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $50.89, for a total value of $196,944.30. Following the completion of the sale, the insider directly owned 46,875 shares of the company’s stock, valued at approximately $2,385,468.75. This trade represents a 7.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Renee Swan also recently made the following trade(s):

• On Monday, June 1st, Renee Swan sold 2,566 shares of Atmus Filtration Technologies stock. The stock was sold at an average price of $45.25, for a total value of $116,111.50.

Atmus Filtration Technologies Trading Up 0.5%

ATMU opened at $49.40 on Friday. The company has a quick ratio of 1.83, a current ratio of 2.65 and a debt-to-equity ratio of 2.18. Atmus Filtration Technologies Inc. has a 52 week low of $42.17 and a 52 week high of $66.50. The business’s 50 day moving average is $51.44 and its two-hundred day moving average is $55.48. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 18.93, a price-to-earnings-growth ratio of 2.07 and a beta of 1.19.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Friday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping 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%. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period last year, the firm posted $0.75 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. On average, research analysts predict that Atmus Filtration Technologies Inc. will post 2.97 EPS for the current year.

Atmus Filtration Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Thursday, August 27th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, August 27th. This is an increase from Atmus Filtration Technologies’s previous quarterly dividend of $0.06. Atmus Filtration Technologies’s payout ratio is 9.20%.

Hedge Funds Weigh In On Atmus Filtration Technologies

A number of large investors have recently bought and sold shares of ATMU. Allworth Financial LP purchased a new stake in shares of Atmus Filtration Technologies in the second quarter valued at about $25,000. Jones Financial Companies Lllp lifted 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 purchasing an additional 412 shares during the period. Essex Investment Management Co. LLC purchased a new stake in Atmus Filtration Technologies in the 4th quarter valued at approximately $37,000. GHP Investment Advisors Inc. purchased a new stake in Atmus Filtration Technologies in the 1st quarter valued at approximately $44,000. Finally, PNC Financial Services Group Inc. increased 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 purchasing an additional 397 shares during the period. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company initiated coverage on shares of Atmus Filtration Technologies in a report on Monday, August 3rd. They issued an “equal weight” rating and a $56.00 target price for the company. JPMorgan Chase & Co. lowered their price target on Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating on the stock in a report on Monday, May 4th. Wall Street Zen cut Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, June 14th. Robert W. Baird reduced their price objective on 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. Finally, Weiss Ratings raised Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $62.00.

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.