Atmus Filtration Technologies Inc. (NYSE:ATMU - Get Free Report) insider Renee Swan sold 3,870 shares of the firm's 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 of the company's stock, valued at approximately $2,385,468.75. This represents a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Renee Swan also recently made the following trade(s):
- On Monday, June 1st, Renee Swan sold 2,566 shares of Atmus Filtration Technologies stock. The stock was sold at an average price of $45.25, for a total value of $116,111.50.
Atmus Filtration Technologies Trading Down 2.3%
Shares of NYSE ATMU traded down $1.17 during mid-day trading on Tuesday, hitting $49.97. 316,946 shares of the company traded hands, compared to its average volume of 963,988. Atmus Filtration Technologies Inc. has a 1 year low of $41.82 and a 1 year high of $66.50. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 19.14, a PEG ratio of 2.17 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 has a 50 day moving average of $51.35 and a two-hundred day moving average of $55.65.
Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its quarterly 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. The firm had revenue of $527.90 million for the quarter, compared to analysts' expectations of $507.02 million. Atmus Filtration Technologies had a return on equity of 59.85% and a net margin of 11.32%.Atmus Filtration Technologies's revenue was up 16.5% on a year-over-year basis. During the same quarter last year, the business posted $0.75 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. On average, sell-side analysts anticipate that Atmus Filtration Technologies Inc. will post 2.94 earnings per share for the current fiscal year.
Atmus Filtration Technologies Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Thursday, August 27th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.5%. This is an increase from Atmus Filtration Technologies's previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Thursday, August 27th. Atmus Filtration Technologies's payout ratio is 9.20%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in Atmus Filtration Technologies in the 2nd quarter worth approximately $631,617,000. Price T Rowe Associates Inc. MD increased its stake in shares of Atmus Filtration Technologies by 14.6% in the fourth 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 during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Atmus Filtration Technologies by 5.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,200,311 shares of the company's stock worth $166,128,000 after acquiring an additional 163,659 shares in the last quarter. Invesco Ltd. boosted its position in Atmus Filtration Technologies by 22.7% during the fourth quarter. Invesco Ltd. now owns 2,728,470 shares of the company's stock valued at $141,635,000 after purchasing an additional 504,647 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Atmus Filtration Technologies by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 2,428,684 shares of the company's stock valued at $126,088,000 after purchasing an additional 54,376 shares in the last quarter. 32.73% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms recently commented on ATMU. Wells Fargo & Company started 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. JPMorgan Chase & Co. cut their target price on shares of Atmus Filtration Technologies from $70.00 to $67.00 and set an "overweight" rating on the stock in a research note on Monday, May 4th. Robert W. Baird reduced their target price on Atmus Filtration Technologies from $66.00 to $63.00 and set an "outperform" rating for the company in a report on Monday, May 4th. Weiss Ratings raised Atmus Filtration Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. Finally, Wall Street Zen downgraded Atmus Filtration Technologies from a "buy" rating to a "hold" rating in a report on Sunday, June 14th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $62.00.
Get Our Latest Report on Atmus Filtration Technologies
Atmus Filtration Technologies Company Profile
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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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