Insider Selling: Atmus Filtration Technologies (NYSE:ATMU) Insider Sells 3,870 Shares of Stock

Atmus Filtration Technologies Inc. (NYSE:ATMU) insider Renee Swan sold 3,870 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $50.89, for a total value of $196,944.30. Following the completion of the sale, the insider directly owned 46,875 shares of the company’s stock, valued at approximately $2,385,468.75. The trade was a 7.63% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Renee Swan also recently made the following trade(s):

• On Monday, June 1st, Renee Swan sold 2,566 shares of Atmus Filtration Technologies stock. The shares were sold at an average price of $45.25, for a total transaction of $116,111.50.

Atmus Filtration Technologies Stock Down 2.3%

ATMU stock traded down $1.17 during trading hours on Tuesday, hitting $49.97. The company’s stock had a trading volume of 316,946 shares, compared to its average volume of 963,988. The company has a quick ratio of 1.83, a current ratio of 2.65 and a debt-to-equity ratio of 2.18. The company has a market capitalization of $4.08 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 2.17 and a beta of 1.19. Atmus Filtration Technologies Inc. has a 12 month low of $41.82 and a 12 month high of $66.50. The stock has a 50 day moving average price of $51.35 and a two-hundred day moving average price of $55.65.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.78 by $0.04. The company had revenue of $527.90 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.75 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. On average, equities research analysts expect that Atmus Filtration Technologies Inc. will post 2.94 earnings per share for the current year.

Atmus Filtration Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Thursday, August 27th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, August 27th. This is a positive change from Atmus Filtration Technologies’s previous quarterly dividend of $0.06. Atmus Filtration Technologies’s dividend payout ratio is currently 9.20%.

Hedge Funds Weigh In On Atmus Filtration Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP acquired a new position in Atmus Filtration Technologies in the 2nd quarter valued at approximately $25,000. Jones Financial Companies Lllp raised its stake in shares of Atmus Filtration Technologies by 143.1% in the first quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after purchasing an additional 412 shares in the last quarter. Essex Investment Management Co. LLC acquired a new position in shares of Atmus Filtration Technologies in the fourth quarter valued at $37,000. GHP Investment Advisors Inc. bought a new position in Atmus Filtration Technologies in the first quarter worth $44,000. Finally, PNC Financial Services Group Inc. lifted its position in Atmus Filtration Technologies by 87.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 849 shares of the company’s stock worth $44,000 after purchasing an additional 397 shares during the period. 32.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ATMU has been the topic of several recent analyst reports. Wells Fargo & Company initiated coverage on Atmus Filtration Technologies in a research report on Monday, August 3rd. They issued an “equal weight” rating and a $56.00 price target on the stock. Robert W. Baird reduced their price objective on Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. 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 note on Monday, May 4th. Weiss Ratings raised shares of Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Finally, Wall Street Zen cut shares of Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, June 14th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.00.

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.