EFG International AG Acquires Shares of 72,274 Atmus Filtration Technologies Inc. $ATMU

EFG International AG bought a new stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMUFree Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 72,274 shares of the company’s stock, valued at approximately $3,689,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Atmus Filtration Technologies in the 2nd quarter worth about $631,617,000. The Manufacturers Life Insurance Company bought a new stake in Atmus Filtration Technologies during the second quarter worth about $39,152,000. Arrowstreet Capital Limited Partnership grew its holdings in Atmus Filtration Technologies by 193.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 999,548 shares of the company’s stock worth $56,744,000 after purchasing an additional 659,357 shares during the period. First Trust Advisors LP grew its holdings in Atmus Filtration Technologies by 39.5% in the fourth quarter. First Trust Advisors LP now owns 2,131,911 shares of the company’s stock worth $110,668,000 after purchasing an additional 603,954 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in 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 purchasing an additional 596,553 shares during the period. 32.73% of the stock is owned by hedge funds and other institutional investors.

Atmus Filtration Technologies Trading Down 0.6%

Shares of NYSE ATMU opened at $49.34 on Thursday. The firm’s 50 day moving average price is $51.33 and its 200-day moving average price is $55.15. Atmus Filtration Technologies Inc. has a 52-week low of $42.60 and a 52-week high of $66.50. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.83 and a current ratio of 2.65. The company has a market cap of $4.03 billion, a PE ratio of 18.90, a P/E/G ratio of 2.09 and a beta of 1.19.

Atmus Filtration Technologies (NYSE:ATMUGet Free Report) last announced its quarterly 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. Atmus Filtration Technologies had a net margin of 11.32% and a return on equity of 59.85%. The company had revenue of $527.90 million during the quarter, compared to the consensus estimate of $507.02 million. During the same quarter last year, the firm earned $0.75 earnings per share. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. On average, equities research analysts expect that Atmus Filtration Technologies Inc. will post 2.97 EPS for the current fiscal year.

Atmus Filtration Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Thursday, August 27th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, August 27th. This is a positive change from Atmus Filtration Technologies’s previous quarterly dividend of $0.06. Atmus Filtration Technologies’s dividend payout ratio is 9.20%.

Analysts Set New Price Targets

Several research firms recently weighed in on ATMU. Wall Street Zen downgraded Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, June 14th. Weiss Ratings upgraded Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Robert W. Baird dropped their target price on Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Wells Fargo & Company began coverage on Atmus Filtration Technologies in a research note on Monday, August 3rd. They issued an “equal weight” rating and a $56.00 target price on the stock. Finally, JPMorgan Chase & Co. reduced their price target on Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating for the company in a report on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $62.00.

Get Our Latest Research Report on ATMU

Insiders Place Their Bets

In related news, SVP Charles Masters sold 2,890 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $45.25, for a total transaction of $130,772.50. Following the sale, the senior vice president directly owned 43,579 shares of the company’s stock, valued at $1,971,949.75. This trade represents a 6.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Stephanie Disher sold 25,652 shares of Atmus Filtration Technologies stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $45.25, for a total value of $1,160,753.00. Following the completion of the sale, the chief executive officer owned 363,024 shares of the company’s stock, valued at $16,426,836. The trade was a 6.60% 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 quarter, insiders have sold 40,110 shares of company stock worth $1,836,804. 0.43% of the stock is owned by corporate insiders.

Atmus Filtration Technologies Company Profile

(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

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Institutional Ownership by Quarter for Atmus Filtration Technologies (NYSE:ATMU)

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