Dimensional Fund Advisors LP Acquires 45,138 Shares of Atmus Filtration Technologies Inc. $ATMU

Dimensional Fund Advisors LP lifted its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 3.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,302,972 shares of the company’s stock after acquiring an additional 45,138 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Atmus Filtration Technologies were worth $73,959,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in ATMU. Jones Financial Companies Lllp raised its holdings in Atmus Filtration Technologies by 143.1% in the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock worth $26,000 after purchasing an additional 412 shares in the last quarter. Essex Investment Management Co. LLC bought a new stake in shares of Atmus Filtration Technologies during the 4th quarter valued at about $37,000. GHP Investment Advisors Inc. bought a new stake in shares of Atmus Filtration Technologies during the 1st quarter valued at about $44,000. PNC Financial Services Group Inc. increased its position in shares of Atmus Filtration Technologies by 87.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 849 shares of the company’s stock valued at $44,000 after buying an additional 397 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in shares of Atmus Filtration Technologies by 93.6% during the second quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock valued at $49,000 after buying an additional 644 shares during the period. Institutional investors own 32.73% of the company’s stock.

Insider Activity at Atmus Filtration Technologies

In other Atmus Filtration Technologies news, CEO Stephanie Disher sold 25,652 shares of Atmus Filtration Technologies stock in a transaction on Monday, June 1st. The stock was sold at an average price of $45.25, for a total transaction of $1,160,753.00. Following the completion of the transaction, the chief executive officer owned 363,024 shares in the company, valued at approximately $16,426,836. The trade was a 6.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Gretchen R. Haggerty bought 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 completion of the acquisition, the director directly owned 25,741 shares of the company’s stock, valued at approximately $1,434,803.34. This represents a 8.30% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 36,240 shares of company stock worth $1,639,860 over the last quarter. 0.43% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Zacks Research lowered shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. JPMorgan Chase & Co. decreased their target price on Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating for the company in a research report on Monday, May 4th. Weiss Ratings cut Atmus Filtration Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, July 15th. 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 note on Monday, May 4th. Finally, Wall Street Zen downgraded Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a report on Sunday, June 14th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $62.67.

Atmus Filtration Technologies Price Performance

Shares of ATMU opened at $51.65 on Friday. Atmus Filtration Technologies Inc. has a fifty-two week low of $37.22 and a fifty-two week high of $66.50. The firm’s 50-day simple moving average is $50.39 and its two-hundred day simple moving average is $56.02. The stock has a market cap of $4.22 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 2.20 and a beta of 1.19. 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) last released its 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 net margin of 11.56% and a return on equity of 64.29%. The firm had revenue of $477.50 million during the quarter, compared to analyst estimates of $474.41 million. During the same period last year, the business earned $0.63 earnings per share. The business’s revenue was up 14.6% on a year-over-year basis. Analysts anticipate that Atmus Filtration Technologies Inc. will post 2.97 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, May 26th were given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Tuesday, May 26th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 8.63%.

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.