Key Points
- Director Gretchen Haggerty bought 1,973 shares of Atmus Filtration Technologies at an average price of $55.74, a transaction worth about $109,975. After the purchase, she owned 25,741 shares, increasing her stake by 8.3%.
- Atmus reported strong quarterly results, with EPS of $0.69 topping estimates and revenue of $477.5 million slightly ahead of expectations. Revenue rose 14.6% year over year, and the company reiterated FY 2026 guidance of 2.750-3.000 EPS.
- The company declared a quarterly dividend of $0.055 per share, payable June 10, for an annualized yield of about 0.4%. Meanwhile, analysts currently rate the stock a Moderate Buy with a consensus price target of $56.75.
Atmus Filtration Technologies Inc. (NYSE:ATMU - Get Free Report) Director Gretchen Haggerty purchased 1,973 shares of the company's stock in a transaction on Tuesday, May 12th. The stock was bought at an average cost of $55.74 per share, for a total transaction of $109,975.02. Following the acquisition, the director directly owned 25,741 shares of the company's stock, valued at $1,434,803.34. This represents a 8.30% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Atmus Filtration Technologies Price Performance
NYSE ATMU opened at $54.12 on Thursday. The stock has a market capitalization of $4.42 billion, a P/E ratio of 21.22, a P/E/G ratio of 2.38 and a beta of 1.47. Atmus Filtration Technologies Inc. has a 1 year low of $34.58 and a 1 year high of $66.50. The business's fifty day moving average is $59.22 and its two-hundred day moving average is $56.08. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.70 and a current ratio of 2.53.
Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.04. Atmus Filtration Technologies had a return on equity of 64.29% and a net margin of 11.56%.The company had revenue of $477.50 million for the quarter, compared to analysts' expectations of $474.41 million. During the same quarter in the prior year, the company earned $0.63 earnings per share. The firm's revenue was up 14.6% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. On average, research analysts forecast that Atmus Filtration Technologies Inc. will post 2.95 earnings per share for the current fiscal year.
Atmus Filtration Technologies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 26th will be paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, May 26th. Atmus Filtration Technologies's payout ratio is 8.63%.
Hedge Funds Weigh In On Atmus Filtration Technologies
Institutional investors and hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp grew its holdings in shares of Atmus Filtration Technologies by 143.1% during the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company's stock valued at $26,000 after acquiring an additional 412 shares in the last quarter. Essex Investment Management Co. LLC purchased a new position in shares of Atmus Filtration Technologies during the 4th quarter valued at $37,000. GHP Investment Advisors Inc. purchased a new position in shares of Atmus Filtration Technologies during the 1st quarter valued at $44,000. PNC Financial Services Group Inc. grew its holdings in shares of Atmus Filtration Technologies by 87.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 849 shares of the company's stock valued at $44,000 after acquiring an additional 397 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Atmus Filtration Technologies by 1,498.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 959 shares of the company's stock valued at $50,000 after acquiring an additional 899 shares in the last quarter. 32.73% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
ATMU has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Atmus Filtration Technologies from a "strong-buy" rating to a "hold" rating in a research note on Sunday. 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. Robert W. Baird cut 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 note on Monday, May 4th. Zacks Research downgraded shares of Atmus Filtration Technologies from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 6th. Finally, Weiss Ratings downgraded shares of Atmus Filtration Technologies from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $56.75.
Check Out Our Latest Report on ATMU
Atmus Filtration Technologies Company Profile
(
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.
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