Atmus Filtration Technologies (NYSE:ATMU) CEO Sells $1,160,753.00 in Stock

Atmus Filtration Technologies Inc. (NYSE:ATMU) CEO Stephanie Disher sold 25,652 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 363,024 shares in the company, valued at approximately $16,426,836. The trade was a 6.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Atmus Filtration Technologies Price Performance

Shares of ATMU opened at $47.09 on Friday. Atmus Filtration Technologies Inc. has a fifty-two week low of $34.58 and a fifty-two week high of $66.50. The firm’s 50 day moving average price is $56.15 and its 200 day moving average price is $56.26. The company has a market cap of $3.85 billion, a P/E ratio of 18.47, a PEG ratio of 2.03 and a beta of 1.24. The company has a quick ratio of 1.70, a current ratio of 2.53 and a debt-to-equity ratio of 2.47.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.04. Atmus Filtration Technologies had a net margin of 11.56% and a return on equity of 64.29%. The firm had revenue of $477.50 million for the quarter, compared to the consensus estimate of $474.41 million. During the same period in the prior year, the firm earned $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. On average, 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 26th will be given a $0.055 dividend. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.5%. Atmus Filtration Technologies’s dividend payout ratio is currently 8.63%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Wall Street Zen downgraded shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a research report on Sunday, May 10th. JPMorgan Chase & Co. lowered 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 research report on Monday, May 4th. Zacks Research cut shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Citigroup restated an “outperform” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, February 18th. Finally, Wells Fargo & Company decreased their price objective 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. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $62.67.

Hedge Funds Weigh In On Atmus Filtration Technologies

A number of institutional investors have recently modified their holdings of ATMU. Ieq Capital LLC grew its holdings in Atmus Filtration Technologies by 3.4% in the fourth quarter. Ieq Capital LLC now owns 5,530 shares of the company’s stock valued at $287,000 after purchasing an additional 182 shares during the period. California State Teachers Retirement System boosted its stake in shares of Atmus Filtration Technologies by 0.3% in the second quarter. California State Teachers Retirement System now owns 83,277 shares of the company’s stock valued at $3,033,000 after purchasing an additional 236 shares during the period. Anchyra Partners LLC boosted its stake in shares of Atmus Filtration Technologies by 6.6% in the first quarter. Anchyra Partners LLC now owns 4,256 shares of the company’s stock valued at $242,000 after purchasing an additional 264 shares during the period. GAMMA Investing LLC boosted its stake in shares of Atmus Filtration Technologies by 14.7% in the fourth quarter. GAMMA Investing LLC now owns 2,223 shares of the company’s stock valued at $115,000 after purchasing an additional 285 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Atmus Filtration Technologies by 5.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,021 shares of the company’s stock valued at $266,000 after purchasing an additional 301 shares during the period. Institutional investors and hedge funds own 32.73% of the company’s stock.

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.