63,099 Shares in Atmus Filtration Technologies Inc. $ATMU Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 63,099 shares of the company’s stock, valued at approximately $3,217,000.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Atmus Filtration Technologies in the 2nd quarter worth $631,617,000. Arrowstreet Capital Limited Partnership increased its holdings 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 worth $56,744,000 after purchasing an additional 659,357 shares during the period. First Trust Advisors LP raised its position in shares of Atmus Filtration Technologies by 39.5% during the fourth quarter. First Trust Advisors LP now owns 2,131,911 shares of the company’s stock valued at $110,668,000 after buying an additional 603,954 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Atmus Filtration Technologies by 14.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,677,884 shares of the company’s stock valued at $242,830,000 after buying an additional 596,553 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Atmus Filtration Technologies during the second quarter valued at about $29,516,000. 32.73% of the stock is owned by institutional investors.

Atmus Filtration Technologies Price Performance

NYSE:ATMU opened at $47.65 on Friday. The company has a 50-day moving average of $51.19 and a 200-day moving average of $55.01. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 2.05 and a beta of 1.19. Atmus Filtration Technologies Inc. has a 52 week low of $42.60 and a 52 week high of $66.50. 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) last issued its earnings results on Friday, August 7th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.04. The business had revenue of $527.90 million for the quarter, compared to analyst estimates of $507.02 million. Atmus Filtration Technologies had a net margin of 11.32% and a return on equity of 59.85%. The firm’s 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. As a group, equities research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.97 earnings per share for the current fiscal year.

Atmus Filtration Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Thursday, August 27th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, August 27th. This is a positive change from Atmus Filtration Technologies’s previous quarterly dividend of $0.06. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is presently 9.20%.

Insider Activity at Atmus Filtration Technologies

In related news, Director Stephen E. Macadam acquired 2,000 shares of the stock in a transaction dated Wednesday, August 12th. The shares were bought at an average cost of $49.78 per share, for a total transaction of $99,560.00. Following the purchase, the director owned 40,588 shares in the company, valued at approximately $2,020,470.64. This trade represents a 5.18% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Stephanie Disher sold 25,652 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $45.25, for a total value of $1,160,753.00. Following the completion of the transaction, the chief executive officer directly owned 363,024 shares of the company’s stock, valued at approximately $16,426,836. The trade was a 6.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 40,110 shares of company stock valued at $1,836,804. Corporate insiders own 0.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company initiated coverage on Atmus Filtration Technologies in a research report on Monday, August 3rd. They set an “equal weight” rating and a $56.00 target price on the stock. Wall Street Zen cut Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a report on Sunday, June 14th. Weiss Ratings downgraded Atmus Filtration Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. JPMorgan Chase & Co. reduced their price objective 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. Finally, Robert W. Baird decreased their price objective on Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $62.00.

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.