Charles Masters Sells 2,890 Shares of Atmus Filtration Technologies (NYSE:ATMU) Stock

Atmus Filtration Technologies Inc. (NYSE:ATMU) SVP Charles Masters sold 2,890 shares of the 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 sale, the senior vice president owned 43,579 shares of the company’s stock, valued at $1,971,949.75. This represents a 6.22% decrease in their position. The transaction was disclosed in a filing 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.

Atmus Filtration Technologies Stock Performance

NYSE:ATMU opened at $47.30 on Thursday. The company has a current ratio of 2.53, a quick ratio of 1.70 and a debt-to-equity ratio of 2.47. Atmus Filtration Technologies Inc. has a 12-month low of $34.58 and a 12-month high of $66.50. The stock has a 50-day moving average price of $56.39 and a 200 day moving average price of $56.26. The stock has a market capitalization of $3.86 billion, a P/E ratio of 18.55, a P/E/G ratio of 2.02 and a beta of 1.24.

Atmus Filtration Technologies (NYSE:ATMU) last released its earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.04. Atmus Filtration Technologies had a return on equity of 64.29% and a net margin of 11.56%.The firm had revenue of $477.50 million during the quarter, compared to analysts’ expectations of $474.41 million. During the same quarter last year, the business posted $0.63 earnings per share. The firm’s revenue 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. Equities research analysts forecast that Atmus Filtration Technologies Inc. will post 2.95 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Tuesday, May 26th will be given a dividend of $0.055 per share. The ex-dividend date is Tuesday, May 26th. This represents a $0.22 annualized dividend and a dividend yield of 0.5%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is currently 8.63%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ATMU shares. JPMorgan Chase & Co. cut their target price on Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating for the company in a research report on Monday, May 4th. Citigroup reiterated an “outperform” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, February 18th. Weiss Ratings upgraded Atmus Filtration Technologies from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, May 26th. Zacks Research cut Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Finally, Robert W. Baird cut their price target on Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.67.

Hedge Funds Weigh In On Atmus Filtration Technologies

Institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its holdings in Atmus Filtration Technologies by 143.1% during the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after buying an additional 412 shares in the last quarter. Essex Investment Management Co. LLC purchased a new position in Atmus Filtration Technologies during the 4th quarter valued at approximately $37,000. GHP Investment Advisors Inc. purchased a new position in Atmus Filtration Technologies during the 1st quarter valued at approximately $44,000. PNC Financial Services Group Inc. grew its holdings 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 valued at $44,000 after buying an additional 397 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings 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 valued at $49,000 after buying an additional 644 shares in the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

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.