Freestone Grove Partners LP Purchases New Stake in Atmus Filtration Technologies Inc. $ATMU

Key Points

• Freestone Grove Partners bought 32,464 shares of Atmus Filtration Technologies worth approximately $1.655 million in the second quarter. Institutional investors collectively own 32.73% of the company.
• Atmus reported quarterly earnings of $0.82 per share, exceeding estimates by $0.04, while revenue rose 16.5% year over year to $527.9 million. The company guided to fiscal 2026 EPS of $2.85–$3.00.
• Shares recently traded at $47.65, down 2.4%, while analysts maintain a “Moderate Buy” consensus with an average price target of $62.00. The company also declared a quarterly dividend of $0.06 per share, representing a 0.5% yield.

Freestone Grove Partners LP purchased a new stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 32,464 shares of the company's stock, valued at approximately $1,655,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ieq Capital LLC raised its position in shares of Atmus Filtration Technologies by 3.4% in the fourth quarter. Ieq Capital LLC now owns 5,530 shares of the company's stock valued at $287,000 after purchasing an additional 182 shares during the period. California State Teachers Retirement System lifted its stake in shares of Atmus Filtration Technologies by 0.3% during the 2nd quarter. California State Teachers Retirement System now owns 83,277 shares of the company's stock worth $3,033,000 after buying an additional 236 shares during the last quarter. Anchyra Partners LLC boosted its holdings in shares of Atmus Filtration Technologies by 6.6% during the 1st quarter. Anchyra Partners LLC now owns 4,256 shares of the company's stock worth $242,000 after buying an additional 264 shares during the period. Creative Planning boosted its holdings in shares of Atmus Filtration Technologies by 4.9% during the 2nd quarter. Creative Planning now owns 6,688 shares of the company's stock worth $244,000 after buying an additional 312 shares during the period. Finally, CWM LLC grew its stake in Atmus Filtration Technologies by 8.1% in the 4th quarter. CWM LLC now owns 4,949 shares of the company's stock valued at $257,000 after buying an additional 371 shares during the last quarter. 32.73% of the stock is owned by institutional investors.

Atmus Filtration Technologies Trading Down 2.4%

ATMU stock opened at $47.65 on Friday. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.83 and a current ratio of 2.65. The company's 50-day simple moving average is $51.19 and its 200 day simple moving average is $55.01. Atmus Filtration Technologies Inc. has a 52 week low of $42.60 and a 52 week high of $66.50. The company has a market capitalization of $3.89 billion, a PE ratio of 18.26, a price-to-earnings-growth ratio of 2.01 and a beta of 1.19.

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 the consensus estimate 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 during the quarter, compared to analysts' expectations of $507.02 million. During the same quarter in the previous year, the company earned $0.75 EPS. The business'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 anticipate 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 issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, August 27th. 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. Atmus Filtration Technologies's payout ratio is presently 9.20%.

Insider Transactions at Atmus Filtration Technologies

In other news, CFO Jack Kienzler sold 5,132 shares of the company's stock in a transaction on Monday, June 1st. The stock was sold at an average price of $45.25, for a total transaction 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Renee Swan sold 3,870 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $50.89, for a total value of $196,944.30. Following the sale, the insider directly owned 46,875 shares in the company, valued at approximately $2,385,468.75. This trade represents a 7.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 worth $1,836,804. Corporate insiders own 0.43% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on ATMU. JPMorgan Chase & Co. lowered their price target on shares of Atmus Filtration Technologies from $70.00 to $67.00 and set an "overweight" rating on the stock in a report on Monday, May 4th. Wells Fargo & Company started coverage on Atmus Filtration Technologies in a report on Monday, August 3rd. They set an "equal weight" rating and a $56.00 price objective for the company. Weiss Ratings downgraded Atmus Filtration Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday. Wall Street Zen lowered Atmus Filtration Technologies from a "buy" rating to a "hold" rating in a research note on Sunday, June 14th. Finally, Robert W. Baird lowered their target price 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. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $62.00.

About Atmus Filtration Technologies

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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