Hsbc Holdings PLC purchased a new position in Atmus Filtration Technologies Inc. (NYSE:ATMU – Free Report) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 24,865 shares of the company’s stock, valued at approximately $1,294,000.
A number of other institutional investors also recently bought and sold shares of the business. Eminence Capital LP lifted its stake in Atmus Filtration Technologies by 1.1% during the 3rd quarter. Eminence Capital LP now owns 6,522,404 shares of the company’s stock valued at $294,095,000 after acquiring an additional 73,411 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Atmus Filtration Technologies by 14.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,677,884 shares of the company’s stock worth $242,830,000 after acquiring an additional 596,553 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Atmus Filtration Technologies by 5.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,200,311 shares of the company’s stock worth $166,128,000 after acquiring an additional 163,659 shares during the period. Invesco Ltd. raised its holdings 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 purchasing an additional 504,647 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings 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 purchasing an additional 54,376 shares during the last quarter. 32.73% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
ATMU has been the topic of several recent research reports. Zacks Research lowered shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings lowered Atmus Filtration Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. JPMorgan Chase & Co. reduced their price objective on Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating for the company in a research note on Monday, May 4th. Wells Fargo & Company decreased their price objective on Atmus Filtration Technologies from $67.00 to $58.00 and set an “equal weight” rating for the company in a report on Wednesday, April 1st. Finally, Robert W. Baird lowered 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. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $62.67.
Insider Transactions at Atmus Filtration Technologies
In other Atmus Filtration Technologies news, insider Renee Swan sold 2,566 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $45.25, for a total transaction of $116,111.50. Following the transaction, the insider directly owned 50,745 shares of the company’s stock, valued at $2,296,211.25. This trade represents a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Charles Masters sold 2,890 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $45.25, for a total transaction of $130,772.50. Following the transaction, the senior vice president directly owned 43,579 shares in the company, valued at approximately $1,971,949.75. The trade was a 6.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 36,240 shares of company stock worth $1,639,860 in the last ninety days. Company insiders own 0.43% of the company’s stock.
Atmus Filtration Technologies Stock Performance
Shares of ATMU stock opened at $49.74 on Thursday. The company has a market capitalization of $4.06 billion, a P/E ratio of 19.50, a P/E/G ratio of 2.18 and a beta of 1.19. The business’s 50 day moving average is $52.25 and its two-hundred day moving average is $56.28. 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 $36.74 and a 12-month high of $66.50.
Atmus Filtration Technologies (NYSE:ATMU – Get Free Report) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. The business had revenue of $477.50 million during the quarter, compared to analysts’ expectations of $474.41 million. Atmus Filtration Technologies had a return on equity of 64.29% and a net margin of 11.56%.The business’s revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. Analysts expect that Atmus Filtration Technologies Inc. will post 2.95 EPS for the current fiscal year.
Atmus Filtration Technologies Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, May 26th were paid a $0.055 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $0.22 dividend on an annualized basis and a yield of 0.4%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is currently 8.63%.
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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