Wellington Management Group LLP Has $73.72 Million Position in Atmus Filtration Technologies Inc. $ATMU

Key Points

• Wellington Management increased its Atmus Filtration Technologies stake by 4.3% in the second quarter, holding 1.45 million shares worth approximately $73.7 million, or 1.77% of the company. Institutional investors collectively own 32.73% of Atmus shares.
• Atmus exceeded quarterly expectations, reporting $0.82 in EPS and $527.9 million in revenue, with revenue up 16.5% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $62.
• The company announced a quarterly dividend of $0.06 per share, equivalent to an annualized yield of about 0.5%, while insider activity included a director’s purchase of 2,000 shares and an insider sale made to cover tax obligations.

Wellington Management Group LLP lifted its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 4.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,445,763 shares of the company's stock after purchasing an additional 59,342 shares during the period. Wellington Management Group LLP owned 1.77% of Atmus Filtration Technologies worth $73,719,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP acquired a new position in shares of Atmus Filtration Technologies in the 2nd quarter valued at $25,000. Jones Financial Companies Lllp raised its holdings in shares of Atmus Filtration Technologies by 143.1% in the first quarter. Jones Financial Companies Lllp now owns 700 shares of the company's stock valued at $26,000 after purchasing an additional 412 shares during the last quarter. Essex Investment Management Co. LLC acquired a new stake in Atmus Filtration Technologies in the 4th quarter valued at $37,000. GHP Investment Advisors Inc. acquired a new stake in shares of Atmus Filtration Technologies in the first quarter valued at about $44,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Atmus Filtration Technologies by 87.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 849 shares of the company's stock worth $44,000 after purchasing an additional 397 shares in the last quarter. Institutional investors own 32.73% of the company's stock.

Analyst Ratings Changes

ATMU has been the topic of a number of research analyst reports. Wells Fargo & Company assumed 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 target price for the company. Weiss Ratings cut shares of 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 downgraded Atmus Filtration Technologies from a "buy" rating to a "hold" rating in a research report on Sunday, June 14th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $62.00.

Atmus Filtration Technologies Stock Performance

NYSE:ATMU opened at $47.40 on Thursday. Atmus Filtration Technologies Inc. has a 1-year low of $42.60 and a 1-year 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. The stock has a market cap of $3.87 billion, a P/E ratio of 18.16, a price-to-earnings-growth ratio of 1.94 and a beta of 1.17. The stock's 50-day moving average is $50.94 and its 200-day moving average is $54.63.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last released its quarterly earnings results 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 firm 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 company's revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. Equities research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.97 earnings per share 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 boost from Atmus Filtration Technologies's previous quarterly dividend of $0.06. Atmus Filtration Technologies's payout ratio is currently 9.20%.

Insider Buying and Selling at Atmus Filtration Technologies

In related news, insider Renee Swan sold 3,870 shares of Atmus Filtration Technologies stock in a transaction 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 completion of the transaction, the insider 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 filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Stephen E. Macadam acquired 2,000 shares of the stock in a transaction dated Wednesday, August 12th. The stock was acquired at an average cost of $49.78 per share, with a total value of $99,560.00. Following the completion of the transaction, 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 SEC filing for this purchase provides additional information. Corporate insiders own 0.43% of the company's stock.

Atmus Filtration Technologies Profile

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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