Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 63,099 shares of the company's stock, valued at approximately $3,217,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.08% of Atmus Filtration Technologies as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Atmus Filtration Technologies in the second quarter valued at approximately $631,617,000. Arrowstreet Capital Limited Partnership grew its position in Atmus Filtration Technologies by 193.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 999,548 shares of the company's stock worth $56,744,000 after acquiring an additional 659,357 shares in the last quarter. First Trust Advisors LP grew its position in Atmus Filtration Technologies by 39.5% in the fourth quarter. First Trust Advisors LP now owns 2,131,911 shares of the company's stock worth $110,668,000 after acquiring an additional 603,954 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Atmus Filtration Technologies by 14.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,677,884 shares of the company's stock worth $242,830,000 after purchasing an additional 596,553 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Atmus Filtration Technologies during the 2nd quarter worth $29,516,000. Institutional investors and hedge funds own 32.73% of the company's stock.
Atmus Filtration Technologies Trading Down 2.4%
Shares of ATMU stock opened at $47.65 on Friday. Atmus Filtration Technologies Inc. has a 12 month low of $42.60 and a 12 month high of $66.50. The company has a market cap of $3.89 billion, a PE ratio of 18.26, a price-to-earnings-growth ratio of 2.05 and a beta of 1.19. The company has a quick ratio of 1.83, a current ratio of 2.65 and a debt-to-equity ratio of 2.18. The business's 50 day moving average is $51.19 and its two-hundred day moving average is $55.01.
Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $0.04. The business 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 revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.75 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. Equities analysts predict 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 will be paid on Wednesday, September 9th. Shareholders of record on Thursday, August 27th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. This is a positive change from Atmus Filtration Technologies's previous quarterly dividend of $0.06. Atmus Filtration Technologies's dividend payout ratio (DPR) is presently 9.20%.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on ATMU shares. JPMorgan Chase & Co. reduced their price objective 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. 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. Weiss Ratings lowered Atmus Filtration Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday. Wall Street Zen cut Atmus Filtration Technologies from a "buy" rating to a "hold" rating in a research report on Sunday, June 14th. Finally, Robert W. Baird reduced their price target 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. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $62.00.
Check Out Our Latest Research Report on Atmus Filtration Technologies
Insider Activity
In other news, Director Stephen E. Macadam purchased 2,000 shares of the firm's stock in a transaction on Wednesday, August 12th. The stock was bought at an average cost of $49.78 per share, for a total transaction of $99,560.00. Following the completion of the acquisition, the director directly owned 40,588 shares of the company's stock, valued at approximately $2,020,470.64. The trade was 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 accessible through this hyperlink. Also, CFO Jack Kienzler sold 5,132 shares of the firm's stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $45.25, for a total value of $232,223.00. Following the completion of the sale, the chief financial officer directly owned 75,804 shares in the company, valued at approximately $3,430,131. This represents a 6.34% 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. Over the last 90 days, insiders have sold 40,110 shares of company stock worth $1,836,804. Insiders own 0.43% of the company's stock.
About Atmus Filtration Technologies
(
Free Report)
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.
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