Engineers Gate Manager LP Lowers Position in Atmus Filtration Technologies Inc. $ATMU

Key Points

• Engineers Gate Manager LP cut its Atmus Filtration Technologies stake by 87.2% in the second quarter, leaving it with 5,505 shares valued at approximately $281,000. Institutional investors overall own 32.73% of the company.
• Atmus reported stronger-than-expected quarterly results, with EPS of $0.82 and revenue of $527.9 million, up 16.5% year over year. The company issued fiscal 2026 EPS guidance of $2.85–$3.00.
• The stock opened at $44.73, well below its 12-month high of $66.50, while analysts maintain a “Moderate Buy” consensus and an average price target of $62.00. Atmus also increased its quarterly dividend to $0.06 per share.

Engineers Gate Manager LP reduced its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 87.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 5,505 shares of the company's stock after selling 37,556 shares during the quarter. Engineers Gate Manager LP's holdings in Atmus Filtration Technologies were worth $281,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Nykredit A S bought a new position in shares of Atmus Filtration Technologies during the 2nd quarter valued at approximately $73,000. Parkside Financial Bank & Trust increased its holdings in Atmus Filtration Technologies by 252.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,409 shares of the company's stock worth $72,000 after acquiring an additional 1,009 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Atmus Filtration Technologies in the 2nd quarter valued at about $275,000. Susquehanna Fundamental Investments LLC raised its stake in Atmus Filtration Technologies by 839.6% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 85,218 shares of the company's stock valued at $4,345,000 after acquiring an additional 76,148 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Atmus Filtration Technologies by 16.1% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,476 shares of the company's stock valued at $7,928,000 after purchasing an additional 21,579 shares during the last quarter. Institutional investors own 32.73% of the company's stock.

Atmus Filtration Technologies Price Performance

ATMU stock opened at $44.73 on Friday. The firm has a 50 day moving average of $49.02 and a 200-day moving average of $52.53. The firm has a market capitalization of $3.65 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 1.88 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 company has a current ratio of 2.65, a quick ratio of 1.83 and a debt-to-equity ratio of 2.18.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its earnings results 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. Atmus Filtration Technologies had a net margin of 11.32% and a return on equity of 59.85%. The business had revenue of $527.90 million for the quarter, compared to analyst estimates of $507.02 million. During the same quarter in the prior year, the firm posted $0.75 EPS. Atmus Filtration Technologies's revenue was up 16.5% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. As a group, sell-side analysts predict that Atmus Filtration Technologies Inc. will post 2.97 earnings per share for the current fiscal year.

Atmus Filtration Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Thursday, August 27th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, August 27th. This is a positive change from Atmus Filtration Technologies's previous quarterly dividend of $0.0550. This represents a $0.24 annualized dividend and a dividend yield of 0.5%. Atmus Filtration Technologies's payout ratio is presently 9.20%.

Insider Activity at Atmus Filtration Technologies

In related news, Director Stephen E. Macadam bought 2,000 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were acquired at an average cost of $49.78 per share, with a total value of $99,560.00. Following the completion of the purchase, the director directly owned 40,588 shares of the company's stock, valued at $2,020,470.64. This trade represents a 5.18% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Renee Swan sold 3,870 shares of Atmus Filtration Technologies stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $50.89, for a total transaction of $196,944.30. Following the sale, the insider owned 46,875 shares of the company's stock, valued at approximately $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.

Analysts Set New Price Targets

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

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.

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