Atmus Filtration Technologies (NYSE:ATMU) SVP Charles Masters Sells 2,890 Shares

Atmus Filtration Technologies Inc. (NYSE:ATMU) SVP Charles Masters sold 2,890 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $45.25, for a total value of $130,772.50. Following the completion of the sale, the senior vice president directly owned 43,579 shares in the company, valued at approximately $1,971,949.75. This represents a 6.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Atmus Filtration Technologies Trading Up 3.3%

NYSE ATMU opened at $47.19 on Wednesday. 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 twelve month low of $34.58 and a twelve month high of $66.50. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 1.96 and a beta of 1.24. The business’s fifty day moving average is $56.77 and its 200 day moving average is $56.29.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Friday, May 1st. The company reported $0.69 earnings per share (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 analyst estimates 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 for the quarter was up 14.6% compared to the same quarter last year. During the same period last year, the company earned $0.63 EPS. 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 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ATMU. Ieq Capital LLC increased its position in Atmus Filtration Technologies by 3.4% in the 4th quarter. Ieq Capital LLC now owns 5,530 shares of the company’s stock valued at $287,000 after buying an additional 182 shares in the last quarter. California State Teachers Retirement System increased its position in Atmus Filtration Technologies by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 83,277 shares of the company’s stock valued at $3,033,000 after buying an additional 236 shares in the last quarter. Anchyra Partners LLC increased its position in Atmus Filtration Technologies by 6.6% in the 1st quarter. Anchyra Partners LLC now owns 4,256 shares of the company’s stock valued at $242,000 after buying an additional 264 shares in the last quarter. GAMMA Investing LLC increased its position in 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 buying an additional 285 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in 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 buying an additional 301 shares in the last quarter. 32.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Zacks Research lowered Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Robert W. Baird lowered their target price on Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. Citigroup reissued an “outperform” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, February 18th. JPMorgan Chase & Co. lowered their price objective on Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating for the company in a research report on Monday, May 4th. Finally, Wall Street Zen lowered Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a research report on Sunday, May 10th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.67.

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.