Atmus Filtration Technologies Inc. $ATMU Stake Lowered by SG Americas Securities LLC

SG Americas Securities LLC cut its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 58.6% during the first quarter, HoldingsChannel reports. The fund owned 18,359 shares of the company’s stock after selling 25,998 shares during the quarter. SG Americas Securities LLC’s holdings in Atmus Filtration Technologies were worth $1,042,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ATMU. Kennedy Capital Management LLC increased its position in Atmus Filtration Technologies by 90.6% in the 3rd quarter. Kennedy Capital Management LLC now owns 351,610 shares of the company’s stock worth $15,854,000 after purchasing an additional 167,095 shares during the last quarter. Altrinsic Global Advisors LLC raised its stake in shares of Atmus Filtration Technologies by 21.8% during the 3rd quarter. Altrinsic Global Advisors LLC now owns 251,382 shares of the company’s stock worth $11,335,000 after purchasing an additional 45,005 shares in the last quarter. Mangrove Partners IM LLC lifted its holdings in shares of Atmus Filtration Technologies by 21.0% during the 3rd quarter. Mangrove Partners IM LLC now owns 1,330,553 shares of the company’s stock valued at $59,995,000 after buying an additional 230,922 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Atmus Filtration Technologies by 49.1% during the 3rd quarter. First Trust Advisors LP now owns 1,527,957 shares of the company’s stock valued at $68,896,000 after buying an additional 503,383 shares during the last quarter. Finally, Royce & Associates LP grew its stake in shares of Atmus Filtration Technologies by 2.7% in the 4th quarter. Royce & Associates LP now owns 667,812 shares of the company’s stock valued at $34,666,000 after buying an additional 17,740 shares in the last quarter. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

Atmus Filtration Technologies Stock Performance

ATMU opened at $49.63 on Friday. The company has a market cap of $4.05 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 2.13 and a beta of 1.19. The stock has a 50-day moving average of $51.82 and a 200-day moving average of $56.21. Atmus Filtration Technologies Inc. has a 52-week low of $36.74 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 issued its quarterly earnings data on Friday, May 1st. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. Atmus Filtration Technologies had a return on equity of 64.29% and a net margin of 11.56%.The business had revenue of $477.50 million for the quarter, compared to analyst estimates of $474.41 million. During the same quarter in the prior year, the firm posted $0.63 EPS. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. As a group, equities research analysts forecast that Atmus Filtration Technologies Inc. will post 2.95 earnings per share for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

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

Insider Activity at Atmus Filtration Technologies

In other news, Director Gretchen R. Haggerty purchased 1,973 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were bought at an average price of $55.74 per share, with a total value of $109,975.02. Following the completion of the transaction, the director directly owned 25,741 shares in the company, valued at $1,434,803.34. This trade represents a 8.30% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 of the company’s stock, valued at $16,426,836. The trade was a 6.60% 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 90 days, insiders have sold 36,240 shares of company stock valued at $1,639,860. 0.43% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ATMU has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price objective on 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 cut shares of Atmus Filtration Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. 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. Robert W. Baird dropped 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 note on Monday, May 4th. Finally, Zacks Research downgraded shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.