Jupiter Topco LLC bought a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,631,709 shares of the company's stock, valued at approximately $83,249,000. Jupiter Topco LLC owned about 2.00% of Atmus Filtration Technologies as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Atmus Filtration Technologies during the second quarter worth approximately $631,617,000. The Manufacturers Life Insurance Company acquired a new position in shares of Atmus Filtration Technologies in the 2nd quarter valued at $39,152,000. Arrowstreet Capital Limited Partnership grew its position in shares of Atmus Filtration Technologies by 193.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 999,548 shares of the company's stock valued at $56,744,000 after buying an additional 659,357 shares during the last quarter. First Trust Advisors LP grew its position in shares of Atmus Filtration Technologies by 39.5% in the 4th quarter. First Trust Advisors LP now owns 2,131,911 shares of the company's stock valued at $110,668,000 after buying an additional 603,954 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in 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 acquiring an additional 596,553 shares in the last quarter. 32.73% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, 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 transaction of $196,944.30. Following the completion of the sale, the insider directly owned 46,875 shares of the company's stock, valued at $2,385,468.75. This trade represents a 7.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Stephen E. Macadam purchased 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 12th. The shares were bought at an average cost of $49.78 per share, with a total value of $99,560.00. Following the completion of the acquisition, the director owned 40,588 shares of the company's stock, valued at approximately $2,020,470.64. This trade represents a 5.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders sold 40,110 shares of company stock worth $1,836,804. 0.43% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company began 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 target for the company. JPMorgan Chase & Co. dropped their price objective on Atmus Filtration Technologies from $70.00 to $67.00 and set an "overweight" rating on the stock in a report on Monday, May 4th. Weiss Ratings upgraded Atmus Filtration Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. Wall Street Zen downgraded Atmus Filtration Technologies from a "buy" rating to a "hold" rating in a report on Sunday, June 14th. Finally, Robert W. Baird dropped their price target 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 company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $62.00.
Get Our Latest Stock Report on Atmus Filtration Technologies
Atmus Filtration Technologies Trading Down 0.6%
NYSE ATMU opened at $49.34 on Thursday. 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 firm has a market cap of $4.03 billion, a PE ratio of 18.90, a P/E/G ratio of 2.09 and a beta of 1.19. Atmus Filtration Technologies Inc. has a one year low of $42.60 and a one year high of $66.50. The firm's fifty day moving average is $51.33 and its two-hundred day moving average is $55.15.
Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced its earnings results 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. The business had revenue of $527.90 million during the quarter, compared to the consensus estimate of $507.02 million. Atmus Filtration Technologies had a net margin of 11.32% and a return on equity of 59.85%. The business's quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.75 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. 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 announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Thursday, August 27th will be paid a $0.06 dividend. This is an increase from Atmus Filtration Technologies's previous quarterly dividend of $0.06. The ex-dividend date is Thursday, August 27th. This represents a $0.24 annualized dividend and a dividend yield of 0.5%. Atmus Filtration Technologies's dividend payout ratio (DPR) is 9.20%.
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.
Further Reading
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