OP Asset Management Ltd Makes New Investment in Atmus Filtration Technologies Inc. $ATMU

OP Asset Management Ltd purchased a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 122,340 shares of the company’s stock, valued at approximately $6,945,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ATMU. Boston Trust Walden Corp acquired a new position in shares of Atmus Filtration Technologies during the 4th quarter worth $44,304,000. First Trust Advisors LP grew its stake in Atmus Filtration Technologies by 39.5% in the 4th quarter. First Trust Advisors LP now owns 2,131,911 shares of the company’s stock valued at $110,668,000 after acquiring an additional 603,954 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Atmus Filtration Technologies by 14.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,677,884 shares of the company’s stock valued at $242,830,000 after acquiring an additional 596,553 shares in the last quarter. Invesco Ltd. raised 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 worth $141,635,000 after acquiring an additional 504,647 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in Atmus Filtration Technologies by 53.4% during the fourth quarter. Janus Henderson Group PLC now owns 1,369,325 shares of the company’s stock worth $71,070,000 after acquiring an additional 476,429 shares during the last quarter. Institutional investors and hedge funds own 32.73% of the company’s stock.

Insider Transactions at Atmus Filtration Technologies

In other Atmus Filtration Technologies news, insider Renee Swan sold 2,566 shares of Atmus Filtration Technologies stock in a transaction that occurred 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 sale, the insider directly owned 50,745 shares of the company’s stock, valued at approximately $2,296,211.25. The trade was a 4.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Gretchen R. Haggerty purchased 1,973 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was acquired at an average price of $55.74 per share, with a total value of $109,975.02. Following the completion of the acquisition, the director directly owned 25,741 shares in the company, valued at $1,434,803.34. The trade was a 8.30% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold 36,240 shares of company stock worth $1,639,860 in the last three months. 0.43% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on ATMU shares. Wells Fargo & Company reduced 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 report on Wednesday, April 1st. Weiss Ratings downgraded Atmus Filtration Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Zacks Research lowered Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Robert W. Baird lowered their target price on Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Finally, Wall Street Zen downgraded Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, June 14th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $62.67.

Atmus Filtration Technologies Price Performance

NYSE:ATMU opened at $54.05 on Friday. Atmus Filtration Technologies Inc. has a 12-month low of $35.48 and a 12-month high of $66.50. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 21.20, a price-to-earnings-growth ratio of 2.17 and a beta of 1.24. The company’s 50-day moving average is $53.13 and its two-hundred day moving average is $56.29. The company has a current ratio of 2.53, a quick ratio of 1.70 and a debt-to-equity ratio of 2.47.

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

Atmus Filtration Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, May 26th were given a dividend of $0.055 per share. The ex-dividend date was Tuesday, May 26th. This represents a $0.22 dividend on an annualized basis and a yield of 0.4%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 8.63%.

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.