Atmus Filtration Technologies Inc. (NYSE:ATMU) to Issue Dividend Increase – $0.06 Per Share

Atmus Filtration Technologies Inc. (NYSE:ATMU) announced a quarterly dividend on Friday, August 14th. Shareholders of record on Thursday, August 27th will be given a dividend of 0.06 per share on Wednesday, September 9th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, August 27th. This is a 9.1% increase from Atmus Filtration Technologies’s previous quarterly dividend of $0.06.

Atmus Filtration Technologies has a dividend payout ratio of 8.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Atmus Filtration Technologies to earn $3.27 per share next year, which means the company should continue to be able to cover its $0.22 annual dividend with an expected future payout ratio of 6.7%.

Atmus Filtration Technologies Price Performance

Shares of NYSE ATMU traded up $1.14 during trading on Friday, reaching $50.92. The company had a trading volume of 774,992 shares, compared to its average volume of 969,609. Atmus Filtration Technologies has a 52 week low of $41.82 and a 52 week high of $66.50. The stock has a market cap of $4.16 billion, a PE ratio of 19.51, a PEG ratio of 2.11 and a beta of 1.19. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.83 and a current ratio of 2.65. The business’s 50 day moving average price is $51.15 and its 200-day moving average price is $55.73.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings results on Friday, August 7th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.78 by $0.04. The business had revenue of $527.90 million for the quarter, compared to analysts’ expectations of $507.02 million. Atmus Filtration Technologies had a net margin of 11.32% and a return on equity of 59.85%. Atmus Filtration Technologies’s revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. Analysts expect that Atmus Filtration Technologies will post 2.94 earnings per share for the current year.

Insider Buying and Selling at Atmus Filtration Technologies

In other Atmus Filtration Technologies news, SVP Charles Masters sold 2,890 shares of the firm’s 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 $130,772.50. Following the transaction, the senior vice president directly owned 43,579 shares of the company’s stock, valued at approximately $1,971,949.75. This trade represents a 6.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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. Also, CEO Stephanie Disher sold 25,652 shares of Atmus Filtration Technologies 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 sale, the chief executive officer directly owned 363,024 shares of the company’s stock, valued at $16,426,836. This represents a 6.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 36,240 shares of company stock valued at $1,639,860 over the last 90 days. Company insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its stake in Atmus Filtration Technologies by 5.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,200,311 shares of the company’s stock worth $166,128,000 after acquiring an additional 163,659 shares during the last quarter. Royce & Associates LP increased its stake in Atmus Filtration Technologies by 2.7% in the fourth quarter. Royce & Associates LP now owns 667,812 shares of the company’s stock valued at $34,666,000 after purchasing an additional 17,740 shares in the last quarter. Knights of Columbus Asset Advisors LLC bought a new stake in Atmus Filtration Technologies in the fourth quarter valued at approximately $1,309,000. California State Teachers Retirement System raised its holdings in Atmus Filtration Technologies by 24.0% in the first quarter. California State Teachers Retirement System now owns 97,466 shares of the company’s stock worth $5,533,000 after purchasing an additional 18,890 shares during the period. Finally, GW&K Investment Management LLC raised its holdings in Atmus Filtration Technologies by 7.6% in the fourth quarter. GW&K Investment Management LLC now owns 482,682 shares of the company’s stock worth $25,056,000 after purchasing an additional 34,269 shares during the period. 32.73% of the stock is currently owned by 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.