Stephanie Disher Sells 25,652 Shares of Atmus Filtration Technologies (NYSE:ATMU) Stock

Atmus Filtration Technologies Inc. (NYSE:ATMU) CEO Stephanie Disher sold 25,652 shares of the business’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 $1,160,753.00. Following the completion of the sale, the chief executive officer owned 363,024 shares in the company, valued at approximately $16,426,836. The trade was a 6.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Atmus Filtration Technologies Stock Up 0.1%

Shares of ATMU stock opened at $47.30 on Thursday. The stock has a market cap of $3.86 billion, a P/E ratio of 18.55, a PEG ratio of 2.02 and a beta of 1.24. Atmus Filtration Technologies Inc. has a 52 week low of $34.58 and a 52 week high of $66.50. The company has a quick ratio of 1.70, a current ratio of 2.53 and a debt-to-equity ratio of 2.47. The company’s fifty day simple moving average is $56.39 and its two-hundred day simple moving average is $56.26.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings results on Friday, May 1st. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.65 by $0.04. The business had revenue of $477.50 million for the quarter, compared to analysts’ expectations of $474.41 million. Atmus Filtration Technologies had a net margin of 11.56% and a return on equity of 64.29%. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.63 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. Analysts predict that Atmus Filtration Technologies Inc. will post 2.95 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 26th will be paid a $0.055 dividend. The ex-dividend date is Tuesday, May 26th. This represents a $0.22 annualized dividend and a yield of 0.5%. Atmus Filtration Technologies’s payout ratio is presently 8.63%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ATMU. Wall Street Zen cut shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a research note on Sunday, May 10th. Citigroup reiterated an “outperform” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, February 18th. JPMorgan Chase & Co. decreased 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 research note on Monday, May 4th. Wells Fargo & Company decreased their price target on shares of Atmus Filtration Technologies from $67.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 1st. Finally, Weiss Ratings upgraded shares of Atmus Filtration Technologies from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, May 26th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Atmus Filtration Technologies currently has an average rating of “Moderate Buy” and an average price target of $62.67.

Institutional Trading of Atmus Filtration Technologies

Hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp raised its position in shares of Atmus Filtration Technologies by 143.1% during the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after buying an additional 412 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of Atmus Filtration Technologies during the 4th quarter valued at about $37,000. GHP Investment Advisors Inc. purchased a new stake in shares of Atmus Filtration Technologies during the 1st quarter valued at about $44,000. PNC Financial Services Group Inc. raised its position 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 valued at $44,000 after buying an additional 397 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of Atmus Filtration Technologies by 93.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock valued at $49,000 after buying an additional 644 shares in the last quarter. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

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.