Atmus Filtration Technologies Inc. (ATMU) to Issue Quarterly Dividend of $0.06 on September 9th

Atmus Filtration Technologies Inc. (NYSE:ATMU) announced a quarterly dividend on Thursday, August 13th. Shareholders of record on Thursday, August 27th will be paid a dividend of 0.06 per share on Wednesday, September 9th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, August 27th. This is a 9.1% increase from Atmus Filtration Technologies’s previous quarterly dividend of $0.06.

Atmus Filtration Technologies has a payout ratio of 9.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Atmus Filtration Technologies to earn $3.27 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 7.3%.

Atmus Filtration Technologies Trading Down 3.1%

NYSE:ATMU opened at $48.24 on Tuesday. The company has a market cap of $3.94 billion, a PE ratio of 18.48, a P/E/G ratio of 2.10 and a beta of 1.19. The business’s 50 day moving average is $51.40 and its two-hundred day moving average is $55.31. The company has a quick ratio of 1.83, a current ratio of 2.65 and a debt-to-equity ratio of 2.18. Atmus Filtration Technologies has a 52 week low of $42.60 and a 52 week high of $66.50.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. The business had revenue of $527.90 million during the quarter, compared to the consensus estimate of $507.02 million. Atmus Filtration Technologies had a return on equity of 59.85% and a net margin of 11.32%.The business’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.75 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. On average, analysts predict that Atmus Filtration Technologies will post 2.97 EPS for the current year.

Insiders Place Their Bets

In other Atmus Filtration Technologies news, SVP Charles Masters sold 2,890 shares of the company’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 $130,772.50. Following the transaction, the senior vice president owned 43,579 shares of the company’s stock, valued at approximately $1,971,949.75. This represents a 6.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Stephen E. Macadam bought 2,000 shares of Atmus Filtration Technologies stock in a transaction dated Wednesday, August 12th. The shares were bought at an average cost of $49.78 per share, with a total value of $99,560.00. Following the completion of the acquisition, the director owned 40,588 shares of the company’s stock, valued at $2,020,470.64. The trade was a 5.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have sold 40,110 shares of company stock valued at $1,836,804. 0.43% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Atmus Filtration Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the business. Ieq Capital LLC grew its position in Atmus Filtration Technologies by 3.4% during the fourth quarter. Ieq Capital LLC now owns 5,530 shares of the company’s stock valued at $287,000 after purchasing an additional 182 shares in the last quarter. California State Teachers Retirement System grew its holdings in shares of Atmus Filtration Technologies by 0.3% during the 2nd quarter. California State Teachers Retirement System now owns 83,277 shares of the company’s stock valued at $3,033,000 after acquiring an additional 236 shares in the last quarter. Anchyra Partners LLC increased its stake in shares of Atmus Filtration Technologies by 6.6% in the first quarter. Anchyra Partners LLC now owns 4,256 shares of the company’s stock worth $242,000 after acquiring an additional 264 shares during the last quarter. Creative Planning increased its stake in shares of Atmus Filtration Technologies by 4.9% in the second quarter. Creative Planning now owns 6,688 shares of the company’s stock worth $244,000 after acquiring an additional 312 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Atmus Filtration Technologies by 8.1% during the fourth quarter. CWM LLC now owns 4,949 shares of the company’s stock worth $257,000 after acquiring an additional 371 shares in the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

About Atmus Filtration Technologies

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.