Atmus Filtration Technologies Inc. (NYSE:ATMU – Get Free Report) Director Stephen Macadam acquired 2,000 shares of the stock in a transaction dated Wednesday, August 12th. The stock was acquired at an average cost of $49.78 per share, with a total value of $99,560.00. Following the purchase, the director owned 40,588 shares of the company’s stock, valued at approximately $2,020,470.64. This trade represents a 5.18% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Atmus Filtration Technologies Trading Up 2.3%
Shares of ATMU stock opened at $50.92 on Friday. Atmus Filtration Technologies Inc. has a fifty-two week low of $41.82 and a fifty-two week high of $66.50. The company has a 50 day moving average price of $51.25 and a 200 day moving average price of $55.70. The stock has a market capitalization of $4.16 billion, a P/E ratio of 19.51, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19. 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 (NYSE:ATMU – Get Free Report) last released its earnings results on Friday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $507.02 million. During the same period in the prior year, the business earned $0.75 EPS. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. Equities research analysts predict that Atmus Filtration Technologies Inc. will post 2.94 EPS for the current fiscal year.
Atmus Filtration Technologies Increases Dividend
Institutional Trading of Atmus Filtration Technologies
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its holdings in Atmus Filtration Technologies by 5.4% during the fourth 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 in the last quarter. Royce & Associates LP boosted its holdings in shares of Atmus Filtration Technologies by 2.7% in the 4th quarter. Royce & Associates LP now owns 667,812 shares of the company’s stock valued at $34,666,000 after buying an additional 17,740 shares in the last quarter. Knights of Columbus Asset Advisors LLC acquired a new position in shares of Atmus Filtration Technologies in the 4th quarter valued at $1,309,000. California State Teachers Retirement System grew its position in shares of Atmus Filtration Technologies by 24.0% in the 1st quarter. California State Teachers Retirement System now owns 97,466 shares of the company’s stock valued at $5,533,000 after buying an additional 18,890 shares during the last quarter. Finally, GW&K Investment Management LLC grew its position in shares of Atmus Filtration Technologies by 7.6% in the 4th quarter. GW&K Investment Management LLC now owns 482,682 shares of the company’s stock valued at $25,056,000 after buying an additional 34,269 shares during the last quarter. 32.73% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms recently commented on ATMU. Wells Fargo & Company initiated coverage on Atmus Filtration Technologies in a research note on Monday, August 3rd. They set an “equal weight” rating and a $56.00 target price for the company. Robert W. Baird reduced their price target on 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. Wall Street Zen downgraded Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, June 14th. JPMorgan Chase & Co. cut 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 note on Monday, May 4th. Finally, Weiss Ratings raised shares of Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.00.
Read Our Latest Research Report on Atmus Filtration Technologies
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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