Atmus Filtration Technologies (NYSE:ATMU) Director Acquires 2,000 Shares of Stock

Atmus Filtration Technologies Inc. (NYSE:ATMU) Director Stephen Macadam purchased 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were purchased 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 directly owned 40,588 shares in the company, valued at $2,020,470.64. The trade was a 5.18% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Atmus Filtration Technologies Price Performance

NYSE:ATMU traded up $0.02 on Thursday, reaching $49.82. The stock had a trading volume of 254,210 shares, compared to its average volume of 966,338. 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 company has a market capitalization of $4.07 billion, a P/E ratio of 19.08, a price-to-earnings-growth ratio of 2.10 and a beta of 1.19. Atmus Filtration Technologies Inc. has a 1-year low of $41.82 and a 1-year high of $66.50. The stock has a fifty day moving average price of $51.10 and a 200-day moving average price of $55.78.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings data 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 company had revenue of $527.90 million during the quarter, compared to analyst estimates 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 was up 16.5% on a year-over-year basis. During the same quarter last year, the business posted $0.75 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. Research analysts forecast that Atmus Filtration Technologies Inc. will post 2.94 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Allworth Financial LP acquired a new stake in shares of Atmus Filtration Technologies in the 2nd quarter valued at $25,000. Jones Financial Companies Lllp lifted its position in 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 purchasing an additional 412 shares during the period. Essex Investment Management Co. LLC bought a new position in shares of Atmus Filtration Technologies in the 4th quarter valued at about $37,000. GHP Investment Advisors Inc. bought a new position in shares of Atmus Filtration Technologies in the 1st quarter valued at about $44,000. Finally, PNC Financial Services Group Inc. grew 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 worth $44,000 after buying an additional 397 shares during the period. 32.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on ATMU. Wall Street Zen lowered Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, June 14th. JPMorgan Chase & Co. lowered their target price on Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating for the company in a research note on Monday, May 4th. Wells Fargo & Company began coverage on Atmus Filtration Technologies in a report on Monday, August 3rd. They issued an “equal weight” rating and a $56.00 price target for the company. Robert W. Baird reduced their price target on shares of Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. Finally, Weiss Ratings raised shares of Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Atmus Filtration Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $62.00.

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.