Deutsche Bank AG acquired a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 90,521 shares of the company’s stock, valued at approximately $4,616,000.
Several other hedge funds have also modified their holdings of the stock. Global Retirement Partners LLC purchased a new position in Atmus Filtration Technologies in the second quarter valued at $68,000. Bank of New York Mellon Corp purchased a new stake in Atmus Filtration Technologies during the 2nd quarter worth about $29,516,000. State of Wyoming purchased a new stake in Atmus Filtration Technologies during the 2nd quarter worth about $918,000. Summit Global Investments acquired a new stake in Atmus Filtration Technologies in the 2nd quarter valued at about $606,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Atmus Filtration Technologies in the 2nd quarter valued at about $326,000. 32.73% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, CFO Jack Kienzler sold 5,132 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $3,430,131. This trade represents a 6.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 Atmus Filtration Technologies 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 completion of the transaction, the senior vice president directly owned 43,579 shares in the company, valued at $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. In the last three months, insiders sold 40,110 shares of company stock valued at $1,836,804. 0.43% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on ATMU
Atmus Filtration Technologies Stock Performance
Shares of ATMU stock opened at $49.61 on Wednesday. The stock’s 50-day moving average is $51.36 and its two-hundred day moving average is $55.23. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.83 and a current ratio of 2.65. Atmus Filtration Technologies Inc. has a 1 year low of $42.60 and a 1 year high of $66.50. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 2.03 and a beta of 1.19.
Atmus Filtration Technologies (NYSE:ATMU – Get Free Report) last posted its earnings results on Friday, August 7th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.04. The business had revenue of $527.90 million during the quarter, compared to the consensus estimate of $507.02 million. Atmus Filtration Technologies had a return on equity of 59.85% and a net margin of 11.32%.The business’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.75 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. Analysts predict that Atmus Filtration Technologies Inc. will post 2.97 earnings per share for the current year.
Atmus Filtration Technologies Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Thursday, August 27th will be paid a $0.06 dividend. This is an increase from Atmus Filtration Technologies’s previous quarterly dividend of $0.06. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, August 27th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is presently 8.43%.
Atmus Filtration Technologies 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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