Insider Buying: Atmus Filtration Technologies (NYSE:ATMU) Director Buys 1,973 Shares of Stock

Atmus Filtration Technologies Inc. (NYSE:ATMU) Director Gretchen Haggerty bought 1,973 shares of Atmus Filtration Technologies stock in a transaction on Tuesday, May 12th. The shares were acquired at an average price of $55.74 per share, for a total transaction of $109,975.02. Following the completion of the acquisition, the director owned 25,741 shares in the company, valued at $1,434,803.34. This represents a 8.30% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Atmus Filtration Technologies Stock Down 1.0%

Atmus Filtration Technologies stock traded down $0.58 during mid-day trading on Wednesday, reaching $54.92. 161,659 shares of the company’s stock were exchanged, compared to its average volume of 1,075,605. The company has a market cap of $4.49 billion, a P/E ratio of 21.60, a P/E/G ratio of 2.42 and a beta of 1.47. Atmus Filtration Technologies Inc. has a twelve month low of $34.58 and a twelve month high of $66.50. The company has a quick ratio of 1.70, a current ratio of 2.53 and a debt-to-equity ratio of 2.47. The company has a fifty day moving average of $59.45 and a 200-day moving average of $56.02.

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ATMU. Zacks Research lowered shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Wall Street Zen lowered shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Sunday. JPMorgan Chase & Co. reduced their price objective 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. Robert W. Baird reduced their price objective on shares of 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, Citigroup restated an “outperform” rating on shares of Atmus Filtration Technologies in a report on Wednesday, February 18th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $56.75.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp grew its position in shares of Atmus Filtration Technologies by 143.1% in the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after buying 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 valued at $37,000. GHP Investment Advisors Inc. purchased a new position in shares of Atmus Filtration Technologies in the 1st quarter valued at $44,000. PNC Financial Services Group Inc. grew its position in shares of Atmus Filtration Technologies by 87.8% in the 4th 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 last quarter. Finally, Geneos Wealth Management Inc. grew its position in shares of Atmus Filtration Technologies by 93.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock valued at $49,000 after buying an additional 644 shares during the last quarter. 32.73% of the stock is owned by hedge funds and other institutional investors.

About Atmus Filtration Technologies

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.