Hsbc Holdings PLC Boosts Stock Position in Atmus Filtration Technologies Inc. $ATMU

Hsbc Holdings PLC grew its position in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 58.4% during the first quarter, Holdings Channel reports. The firm owned 39,396 shares of the company’s stock after acquiring an additional 14,531 shares during the period. Hsbc Holdings PLC’s holdings in Atmus Filtration Technologies were worth $2,222,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of ATMU. Jones Financial Companies Lllp lifted its holdings in shares of Atmus Filtration Technologies by 143.1% during 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 period. Essex Investment Management Co. LLC acquired a new position in Atmus Filtration Technologies in the 4th quarter worth approximately $37,000. GHP Investment Advisors Inc. acquired a new position in Atmus Filtration Technologies in the 1st quarter worth approximately $44,000. PNC Financial Services Group Inc. raised its position in Atmus Filtration Technologies by 87.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 849 shares of the company’s stock worth $44,000 after buying an additional 397 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in Atmus Filtration Technologies by 93.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock worth $49,000 after buying an additional 644 shares during the last quarter. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Atmus Filtration Technologies

In related news, SVP Charles Masters sold 2,890 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $45.25, for a total value of $130,772.50. Following the completion of the transaction, the senior vice president owned 43,579 shares of the company’s stock, valued at approximately $1,971,949.75. This represents a 6.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 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 transaction, the director directly owned 25,741 shares of the company’s stock, valued at $1,434,803.34. This represents a 8.30% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders sold 36,240 shares of company stock worth $1,639,860. 0.43% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently commented on ATMU. Robert W. Baird dropped 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. Wells Fargo & Company reduced their target price on shares of Atmus Filtration Technologies from $67.00 to $58.00 and set an “equal weight” rating for the company in a report on Wednesday, April 1st. Weiss Ratings downgraded shares of Atmus Filtration Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. 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. Finally, Wall Street Zen lowered Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, June 14th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.67.

Atmus Filtration Technologies Price Performance

Shares of NYSE ATMU opened at $53.44 on Friday. The company has a debt-to-equity ratio of 2.47, a current ratio of 2.53 and a quick ratio of 1.70. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 2.28 and a beta of 1.19. The firm’s 50 day simple moving average is $50.04 and its 200-day simple moving average is $56.06. Atmus Filtration Technologies Inc. has a 12 month low of $37.22 and a 12 month high of $66.50.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $474.41 million. During the same period in the previous year, the business posted $0.63 EPS. The business’s revenue was up 14.6% compared to the same quarter last year. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. Analysts expect that Atmus Filtration Technologies Inc. will post 2.97 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

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