State of Wyoming Invests $918,000 in Atmus Filtration Technologies Inc. $ATMU

State of Wyoming acquired a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) in the second quarter, Holdings Channel.com reports. The firm acquired 17,998 shares of the company’s stock, valued at approximately $918,000.

Other hedge funds also recently bought and sold shares of the company. Boston Trust Walden Corp bought a new stake in Atmus Filtration Technologies during the 4th quarter worth approximately $44,304,000. Arrowstreet Capital Limited Partnership boosted its holdings in Atmus Filtration Technologies by 193.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 999,548 shares of the company’s stock valued at $56,744,000 after purchasing an additional 659,357 shares during the period. First Trust Advisors LP grew its position in shares of Atmus Filtration Technologies by 39.5% during the 4th quarter. First Trust Advisors LP now owns 2,131,911 shares of the company’s stock valued at $110,668,000 after purchasing an additional 603,954 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Atmus Filtration Technologies by 14.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,677,884 shares of the company’s stock valued at $242,830,000 after purchasing an additional 596,553 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Atmus Filtration Technologies by 22.7% during the 4th quarter. Invesco Ltd. now owns 2,728,470 shares of the company’s stock valued at $141,635,000 after purchasing an additional 504,647 shares in the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Insider Buying and Selling at Atmus Filtration Technologies

In other Atmus Filtration Technologies news, CFO Jack Kienzler sold 5,132 shares of Atmus Filtration Technologies stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $45.25, for a total transaction of $232,223.00. Following the completion of the sale, the chief financial officer owned 75,804 shares of the company’s stock, valued at $3,430,131. The trade was a 6.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Stephen E. Macadam acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was purchased at an average price of $49.78 per share, with a total value of $99,560.00. Following the completion of the acquisition, the director directly owned 40,588 shares in the company, valued at approximately $2,020,470.64. This represents a 5.18% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have sold 36,240 shares of company stock valued at $1,639,860. 0.43% of the stock is currently owned by company insiders.

Atmus Filtration Technologies Price Performance

Shares of NYSE:ATMU opened at $50.92 on Friday. The company’s fifty day moving average price is $51.25 and its 200-day moving average price is $55.70. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 2.17 and a beta of 1.19. Atmus Filtration Technologies Inc. has a one year low of $41.82 and a one year high of $66.50. The company has a debt-to-equity ratio of 2.18, a current ratio of 2.65 and a quick ratio of 1.83.

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

Atmus Filtration Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Thursday, August 27th will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, August 27th. This is a positive change from Atmus Filtration Technologies’s previous quarterly dividend of $0.06. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 8.43%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ATMU. Wall Street Zen downgraded Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, June 14th. JPMorgan Chase & Co. decreased their target price on Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating on the stock in a research note on Monday, May 4th. Robert W. Baird decreased their target price on 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. Wells Fargo & Company initiated coverage on Atmus Filtration Technologies in a report on Monday, August 3rd. They issued an “equal weight” rating and a $56.00 price target on the stock. Finally, Weiss Ratings upgraded Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $62.00.

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.