Atmus Filtration Technologies Inc. (NYSE:ATMU – Get Free Report) SVP Charles Masters sold 2,890 shares of the firm’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 sale, the senior vice president directly owned 43,579 shares in the company, valued at approximately $1,971,949.75. This trade represents a 6.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Atmus Filtration Technologies Stock Performance
Shares of NYSE ATMU traded up $1.49 during midday trading on Tuesday, reaching $47.19. 960,961 shares of the stock were exchanged, compared to its average volume of 1,057,404. The company has a quick ratio of 1.70, a current ratio of 2.53 and a debt-to-equity ratio of 2.47. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 2.00 and a beta of 1.47. The firm has a 50-day simple moving average of $56.77 and a two-hundred day simple moving average of $56.29. Atmus Filtration Technologies Inc. has a twelve month low of $34.58 and a twelve month high of $66.50.
Atmus Filtration Technologies (NYSE:ATMU – Get Free Report) last announced its quarterly earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $474.41 million. During the same period in the prior year, the firm posted $0.63 earnings per share. The firm’s quarterly 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. As a group, analysts anticipate that Atmus Filtration Technologies Inc. will post 2.95 EPS for the current fiscal year.
Atmus Filtration Technologies Announces Dividend
Analysts Set New Price Targets
A number of equities analysts have issued reports on ATMU shares. Wells Fargo & Company lowered their price target on Atmus Filtration Technologies from $67.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 1st. Robert W. Baird reduced their target price on Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. Zacks Research downgraded Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Wall Street Zen downgraded Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a research note on Sunday, May 10th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, February 18th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $62.67.
Get Our Latest Research Report on Atmus Filtration Technologies
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp lifted its stake in Atmus Filtration Technologies by 143.1% in 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 acquired a new stake in Atmus Filtration Technologies during the 4th quarter worth $37,000. GHP Investment Advisors Inc. acquired a new stake in Atmus Filtration Technologies during the 1st quarter worth $44,000. PNC Financial Services Group Inc. boosted its stake 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 purchasing an additional 397 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Atmus Filtration Technologies by 1,498.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 959 shares of the company’s stock valued at $50,000 after buying an additional 899 shares during the last quarter. 32.73% of the stock is owned by hedge funds and other institutional investors.
Atmus Filtration Technologies Company 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.
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