Atmus Filtration Technologies (NYSE:ATMU) CFO Sells $232,223.00 in Stock

Atmus Filtration Technologies Inc. (NYSE:ATMU) CFO Jack Kienzler sold 5,132 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $45.25, for a total transaction of $232,223.00. Following the transaction, the chief financial officer directly owned 75,804 shares of the company’s stock, valued at $3,430,131. The trade was a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Atmus Filtration Technologies Price Performance

NYSE:ATMU opened at $47.09 on Friday. The company has a 50-day moving average of $56.15 and a 200-day moving average of $56.26. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 2.03 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 debt-to-equity ratio of 2.47, a quick ratio of 1.70 and a current ratio of 2.53.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings data on Friday, May 1st. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.04. Atmus Filtration Technologies had a net margin of 11.56% and a return on equity of 64.29%. The company had revenue of $477.50 million during the quarter, compared to the consensus estimate of $474.41 million. During the same period last year, the firm earned $0.63 EPS. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. As a group, equities research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.95 earnings per share for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Tuesday, May 26th will be issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, May 26th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is currently 8.63%.

Hedge Funds Weigh In On Atmus Filtration Technologies

A number of institutional investors have recently modified their holdings of ATMU. Channing Capital Management LLC raised its stake in shares of Atmus Filtration Technologies by 3,192.8% in the third quarter. Channing Capital Management LLC now owns 1,715,015 shares of the company’s stock worth $77,330,000 after acquiring an additional 1,662,931 shares during the last quarter. Boston Trust Walden Corp bought a new position in shares of Atmus Filtration Technologies in the fourth quarter worth about $44,304,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Atmus Filtration Technologies by 193.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 999,548 shares of the company’s stock worth $56,744,000 after acquiring an additional 659,357 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Atmus Filtration Technologies by 39.5% in the fourth quarter. First Trust Advisors LP now owns 2,131,911 shares of the company’s stock worth $110,668,000 after acquiring an additional 603,954 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised 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. 32.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Zacks Research downgraded shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Wall Street Zen downgraded shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Sunday, May 10th. Weiss Ratings raised shares of Atmus Filtration Technologies from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, May 26th. JPMorgan Chase & Co. cut their price target on shares of Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating for the company in a report on Monday, May 4th. Finally, Wells Fargo & Company cut their price target on shares of Atmus Filtration Technologies from $67.00 to $58.00 and set an “equal weight” rating for the company in a report on Wednesday, April 1st. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $62.67.

Atmus Filtration Technologies Company 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.