Key Points
- CEO Stephanie Disher sold 25,652 shares of Atmus Filtration Technologies at an average price of $45.25, totaling about $1.16 million. The filing said the sale was made to cover tax withholding tied to vesting equity awards.
- Recent earnings were stronger than expected, with the company reporting $0.69 EPS versus the $0.65 consensus and revenue of $477.5 million, up 14.6% year over year. Atmus also reaffirmed guidance and expects FY 2026 EPS of 2.750-3.000.
- Analyst sentiment remains mixed but constructive, with a consensus rating of “Moderate Buy” and an average target price of $62.67. Several firms recently adjusted ratings or trimmed price targets, while 32.73% of the stock is held by institutional investors and hedge funds.
Atmus Filtration Technologies Inc. (NYSE:ATMU - Get Free Report) insider Renee Swan sold 2,566 shares of the business's stock in a transaction on Monday, June 1st. The stock was sold at an average price of $45.25, for a total value of $116,111.50. Following the completion of the transaction, the insider directly owned 50,745 shares in the company, valued at approximately $2,296,211.25. This represents a 4.81% decrease in their position. The transaction was disclosed in a legal filing 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.
Atmus Filtration Technologies Stock Up 3.3%
ATMU stock opened at $47.19 on Wednesday. The stock's fifty day simple moving average is $56.77 and its two-hundred day simple moving average is $56.29. 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 1-year low of $34.58 and a 1-year high of $66.50. The stock has a market cap of $3.85 billion, a P/E ratio of 18.51, a P/E/G ratio of 1.96 and a beta of 1.24.
Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, topping 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 business had revenue of $477.50 million for the quarter, compared to analysts' expectations of $474.41 million. During the same quarter in the previous year, the firm earned $0.63 earnings per share. The business'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. Analysts expect that Atmus Filtration Technologies Inc. will post 2.95 EPS for the current year.
Atmus Filtration Technologies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 26th will be given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, May 26th. Atmus Filtration Technologies's dividend payout ratio is currently 8.63%.
Institutional Trading of Atmus Filtration Technologies
A number of hedge funds and other institutional investors have recently made changes to their positions in ATMU. Channing Capital Management LLC raised its stake in shares of Atmus Filtration Technologies by 3,192.8% during the 3rd quarter. Channing Capital Management LLC now owns 1,715,015 shares of the company's stock valued at $77,330,000 after purchasing an additional 1,662,931 shares during the period. Boston Trust Walden Corp bought a new stake in shares of Atmus Filtration Technologies during the 4th quarter valued at $44,304,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Atmus Filtration Technologies by 193.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 999,548 shares of the company's stock valued at $56,744,000 after purchasing an additional 659,357 shares during the period. First Trust Advisors LP raised its stake in shares of Atmus Filtration Technologies by 39.5% during the 4th quarter. First Trust Advisors LP now owns 2,131,911 shares of the company's stock valued at $110,668,000 after purchasing an additional 603,954 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Atmus Filtration Technologies by 14.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,677,884 shares of the company's stock valued at $242,830,000 after purchasing an additional 596,553 shares during the period. 32.73% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on ATMU shares. Wall Street Zen cut Atmus Filtration Technologies from a "strong-buy" rating to a "hold" rating in a research report on Sunday, May 10th. JPMorgan Chase & Co. dropped their price target on Atmus Filtration Technologies from $70.00 to $67.00 and set an "overweight" rating on the stock in a research report on Monday, May 4th. Robert W. Baird dropped 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. Wells Fargo & Company dropped their price target on Atmus Filtration Technologies from $67.00 to $58.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 1st. Finally, Citigroup reaffirmed an "outperform" rating on shares of Atmus Filtration Technologies in a research report on Wednesday, February 18th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $62.67.
Read Our Latest Research Report on ATMU
About Atmus Filtration Technologies
(
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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