Bank of America Corp DE Invests $24.71 Million in Atmus Filtration Technologies Inc. $ATMU

Key Points

• Bank of America acquired a new $24.7 million stake in Atmus Filtration Technologies during the second quarter, purchasing 484,705 shares and gaining approximately 0.59% ownership. Institutional investors collectively own 32.73% of the company.
• Atmus reported stronger-than-expected quarterly results, with EPS of $0.82 and revenue of $527.9 million, while revenue increased 16.5% year over year. The company guided to fiscal 2026 EPS of $2.85–$3.00.
• ATMU shares opened at $45.00, below analysts’ consensus price target of $62.00; the stock carries a “Moderate Buy” consensus rating. The company also maintains a quarterly dividend of $0.06 per share, yielding about 0.5%.

Bank of America Corp DE bought a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 484,705 shares of the company's stock, valued at approximately $24,715,000. Bank of America Corp DE owned about 0.59% of Atmus Filtration Technologies at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Anchyra Partners LLC increased its position in Atmus Filtration Technologies by 6.6% during the first quarter. Anchyra Partners LLC now owns 4,256 shares of the company's stock valued at $242,000 after acquiring an additional 264 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Atmus Filtration Technologies by 52.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,295 shares of the company's stock worth $74,000 after acquiring an additional 446 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Atmus Filtration Technologies by 53.7% in the 4th quarter. Global Retirement Partners LLC now owns 1,319 shares of the company's stock worth $68,000 after acquiring an additional 461 shares during the last quarter. Allworth Financial LP purchased a new position in shares of Atmus Filtration Technologies during the 2nd quarter worth about $25,000. Finally, Abel Hall LLC boosted its stake in shares of Atmus Filtration Technologies by 16.9% during the 1st quarter. Abel Hall LLC now owns 4,805 shares of the company's stock worth $273,000 after purchasing an additional 696 shares during the period. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

Atmus Filtration Technologies Trading Down 0.9%

ATMU stock opened at $45.00 on Thursday. The company has a market capitalization of $3.67 billion, a PE ratio of 17.24, a P/E/G ratio of 1.91 and a beta of 1.17. Atmus Filtration Technologies Inc. has a 12 month low of $42.60 and a 12 month high of $66.50. The firm's 50-day moving average is $49.30 and its 200 day moving average is $52.68. 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 - Get Free Report) last released its quarterly earnings data on Friday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The firm's quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.75 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. On average, research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.97 EPS for the current year.

Atmus Filtration Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Thursday, August 27th were given a dividend of $0.06 per share. This is a boost from Atmus Filtration Technologies's previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. Atmus Filtration Technologies's dividend payout ratio is presently 9.20%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ATMU shares. Wells Fargo & Company started coverage on shares of Atmus Filtration Technologies in a research report on Monday, August 3rd. They issued an "equal weight" rating and a $56.00 price objective on the stock. Weiss Ratings lowered Atmus Filtration Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, August 25th. Finally, Wall Street Zen cut Atmus Filtration Technologies from a "buy" rating to a "hold" rating in a research note on Sunday, June 14th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Atmus Filtration Technologies has an average rating of "Moderate Buy" and a consensus target price of $62.00.

Insider Buying and Selling at Atmus Filtration Technologies

In other news, Director Stephen E. Macadam purchased 2,000 shares of the business's stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average price of $49.78 per share, for a total transaction of $99,560.00. Following the completion of the purchase, the director owned 40,588 shares in the company, valued at approximately $2,020,470.64. This represents a 5.18% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Renee Swan sold 3,870 shares of Atmus Filtration Technologies 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 owned 46,875 shares of the company's stock, valued at $2,385,468.75. The trade was a 7.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.43% of the stock is currently owned by corporate insiders.

Atmus Filtration Technologies Company Profile

Atmus Filtration Technologies Inc NYSE: ATMU designs, manufactures and distributes filtration products and solutions for commercial vehicles, off-highway equipment, power generation systems and industrial applications. Its offerings help protect engines and other critical components by removing contaminants from air, fuel, lubricants, hydraulic fluids and coolants.

The company markets products under the Fleetguard brand and serves original equipment manufacturers, distributors, fleet operators and aftermarket customers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.