Port Capital LLC Makes New Investment in Atmus Filtration Technologies Inc. $ATMU

Port Capital LLC acquired a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) during the second quarter, HoldingsChannel reports. The firm acquired 1,034,293 shares of the company’s stock, valued at approximately $52,739,000. Atmus Filtration Technologies accounts for approximately 2.2% of Port Capital LLC’s portfolio, making the stock its 15th biggest position.

Several other large investors also recently made changes to their positions in the stock. Allworth Financial LP bought a new position in shares of Atmus Filtration Technologies in the second quarter valued at $25,000. Jones Financial Companies Lllp raised its position in 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 acquiring an additional 412 shares in the last quarter. Essex Investment Management Co. LLC acquired a new stake in Atmus Filtration Technologies in the fourth quarter valued at $37,000. GHP Investment Advisors Inc. acquired a new stake in Atmus Filtration Technologies in the first quarter valued at $44,000. Finally, PNC Financial Services Group Inc. lifted its stake in Atmus Filtration Technologies by 87.8% in 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 last quarter. Institutional investors and hedge funds own 32.73% of the company’s stock.

Atmus Filtration Technologies Price Performance

NYSE:ATMU opened at $49.34 on Thursday. The company has a market cap of $4.03 billion, a P/E ratio of 18.90, a P/E/G ratio of 2.09 and a beta of 1.19. The firm’s fifty day moving average price is $51.33 and its two-hundred day moving average price is $55.15. Atmus Filtration Technologies Inc. has a one year low of $42.60 and a one year high of $66.50. The company has a debt-to-equity ratio of 2.18, a current ratio of 2.65 and a quick ratio of 1.83.

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, topping analysts’ consensus estimates of $0.78 by $0.04. The company had revenue of $527.90 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.75 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. Equities analysts expect that Atmus Filtration Technologies Inc. will post 2.97 earnings per share for the current year.

Atmus Filtration Technologies Increases Dividend

The business 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%. This is a boost from Atmus Filtration Technologies’s previous quarterly dividend of $0.06. The ex-dividend date is Thursday, August 27th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 9.20%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ATMU shares. Wells Fargo & Company initiated coverage on shares of Atmus Filtration Technologies in a research note on Monday, August 3rd. They set an “equal weight” rating and a $56.00 price objective on the stock. JPMorgan Chase & Co. cut their target price on shares of 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. Weiss Ratings upgraded Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Wall Street Zen downgraded Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, June 14th. Finally, Robert W. Baird dropped their price objective on Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Atmus Filtration Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $62.00.

Insider Activity

In other news, CEO Stephanie Disher sold 25,652 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $45.25, for a total transaction of $1,160,753.00. Following the transaction, the chief executive officer owned 363,024 shares in the company, valued at approximately $16,426,836. This trade represents a 6.60% 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 link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Charles Masters sold 2,890 shares of Atmus Filtration Technologies stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $45.25, for a total value of $130,772.50. Following the sale, the senior vice president directly owned 43,579 shares of the company’s stock, valued at approximately $1,971,949.75. The trade was a 6.22% decrease in their ownership of the stock. 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. Over the last three months, insiders sold 40,110 shares of company stock valued at $1,836,804. Company insiders own 0.43% 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.