State of Wyoming Makes New $918,000 Investment in Atmus Filtration Technologies Inc. $ATMU

State of Wyoming bought a new position in Atmus Filtration Technologies Inc. (NYSE:ATMU) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 17,998 shares of the company’s stock, valued at approximately $918,000.

Other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its position in Atmus Filtration Technologies by 143.1% in the first quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock worth $26,000 after purchasing an additional 412 shares during the last quarter. Essex Investment Management Co. LLC purchased a new position in shares of Atmus Filtration Technologies in the 4th quarter worth about $37,000. GHP Investment Advisors Inc. purchased a new position in shares of Atmus Filtration Technologies in the 1st quarter worth about $44,000. PNC Financial Services Group Inc. grew its position in Atmus Filtration Technologies by 87.8% during the fourth 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 during the period. Finally, Smartleaf Asset Management LLC grew its position in Atmus Filtration Technologies by 1,498.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 959 shares of the company’s stock valued at $50,000 after buying an additional 899 shares during the period. 32.73% of the stock is owned by institutional investors.

Insider Buying and Selling at Atmus Filtration Technologies

In other news, CFO Jack Kienzler sold 5,132 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $45.25, for a total value of $232,223.00. Following the completion of the transaction, the chief financial officer directly owned 75,804 shares of the company’s stock, valued at $3,430,131. This trade represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a legal 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, insider Renee Swan sold 2,566 shares of Atmus Filtration Technologies stock in a transaction on Monday, June 1st. The shares were sold at an average price of $45.25, for a total value of $116,111.50. Following the completion of the transaction, the insider owned 50,745 shares of the company’s stock, valued at approximately $2,296,211.25. This trade represents a 4.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 36,240 shares of company stock worth $1,639,860. Company insiders own 0.43% of the company’s stock.

Atmus Filtration Technologies Price Performance

Shares of NYSE:ATMU opened at $50.92 on Friday. 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 firm has a market capitalization of $4.16 billion, a PE ratio of 19.51, a P/E/G ratio of 2.17 and a beta of 1.19. Atmus Filtration Technologies Inc. has a twelve month low of $41.82 and a twelve month high of $66.50. The company has a 50-day moving average price of $51.25 and a two-hundred day moving average price of $55.70.

Atmus Filtration Technologies (NYSE:ATMU) last posted 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 company had revenue of $527.90 million for 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 quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.75 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. Equities analysts forecast that Atmus Filtration Technologies Inc. will post 2.94 EPS for the current year.

Atmus Filtration Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Thursday, August 27th will be paid a $0.06 dividend. The ex-dividend date is Thursday, August 27th. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. This is a positive change from Atmus Filtration Technologies’s previous quarterly dividend of $0.06. Atmus Filtration Technologies’s dividend payout ratio (DPR) is presently 8.43%.

Analyst Upgrades and Downgrades

Several brokerages have commented on ATMU. Wells Fargo & Company initiated coverage on shares of Atmus Filtration Technologies in a research report on Monday, August 3rd. They issued an “equal weight” rating and a $56.00 price objective on the stock. Wall Street Zen downgraded shares of Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, June 14th. JPMorgan Chase & Co. lowered 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 report on Monday, May 4th. Weiss Ratings raised Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Finally, Robert W. Baird decreased their target price on Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $62.00.

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.