Jack Kienzler Sells 5,132 Shares of Atmus Filtration Technologies (NYSE:ATMU) Stock

Atmus Filtration Technologies Inc. (NYSE:ATMUGet Free Report) CFO Jack Kienzler sold 5,132 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $45.25, for a total transaction of $232,223.00. Following the transaction, the chief financial officer directly owned 75,804 shares of the company’s stock, valued at $3,430,131. This trade represents a 6.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Atmus Filtration Technologies Stock Up 0.1%

ATMU opened at $47.30 on Thursday. The firm has a 50-day simple moving average of $56.39 and a two-hundred day simple moving average of $56.26. Atmus Filtration Technologies Inc. has a 52 week low of $34.58 and a 52 week high of $66.50. The company has a market capitalization of $3.86 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 2.02 and a beta of 1.24. The company has a quick ratio of 1.70, a current ratio of 2.53 and a debt-to-equity ratio of 2.47.

Atmus Filtration Technologies (NYSE:ATMUGet Free Report) last released its quarterly earnings data on Friday, May 1st. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.65 by $0.04. The business had revenue of $477.50 million during the quarter, compared to the consensus estimate of $474.41 million. Atmus Filtration Technologies had a net margin of 11.56% and a return on equity of 64.29%. The business’s revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.63 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. Analysts forecast that Atmus Filtration Technologies Inc. will post 2.95 earnings per share for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating on the stock in a research report on Monday, May 4th. Robert W. Baird decreased their target price on shares of Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. Wells Fargo & Company decreased their target price on shares of 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. Weiss Ratings upgraded shares of Atmus Filtration Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, May 26th. Finally, Wall Street Zen cut shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a research report on Sunday, May 10th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Atmus Filtration Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $62.67.

Read Our Latest Research Report on Atmus Filtration Technologies

Institutional Trading of Atmus Filtration Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Eminence Capital LP raised its position in Atmus Filtration Technologies by 1.1% in the 3rd quarter. Eminence Capital LP now owns 6,522,404 shares of the company’s stock worth $294,095,000 after purchasing an additional 73,411 shares during the period. Price T Rowe Associates Inc. MD raised its position in Atmus Filtration Technologies by 14.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,677,884 shares of the company’s stock worth $242,830,000 after purchasing an additional 596,553 shares during the period. Goldman Sachs Group Inc. raised its position in Atmus Filtration Technologies by 5.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,200,311 shares of the company’s stock worth $166,128,000 after purchasing an additional 163,659 shares during the period. Invesco Ltd. increased its position in shares of Atmus Filtration Technologies by 22.7% during the fourth quarter. Invesco Ltd. now owns 2,728,470 shares of the company’s stock worth $141,635,000 after acquiring an additional 504,647 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Atmus Filtration Technologies by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 2,428,684 shares of the company’s stock worth $126,088,000 after acquiring an additional 54,376 shares during the period. 32.73% of the stock is owned by hedge funds and other institutional investors.

About Atmus Filtration Technologies

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Atmus Filtration Technologies (NYSE:ATMU)

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