Livforsakringsbolaget Skandia Omsesidigt Acquires Shares of 61,600 Atmus Filtration Technologies Inc. $ATMU

Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Atmus Filtration Technologies Inc. (NYSE:ATMU) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 61,600 shares of the company’s stock, valued at approximately $3,141,000.

Several other large investors also recently made changes to their positions in the business. Allworth Financial LP acquired a new position in Atmus Filtration Technologies during the 2nd quarter worth about $25,000. Jones Financial Companies Lllp increased its position in Atmus Filtration Technologies by 143.1% in 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 bought a new position in shares of Atmus Filtration Technologies in the fourth quarter worth about $37,000. PNC Financial Services Group Inc. raised its stake in shares of Atmus Filtration Technologies by 87.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 849 shares of the company’s stock worth $44,000 after acquiring an additional 397 shares during the last quarter. Finally, GHP Investment Advisors Inc. bought a new position in shares of Atmus Filtration Technologies in the first quarter worth about $44,000. Institutional investors own 32.73% of the company’s stock.

Insider Transactions at Atmus Filtration Technologies

In other Atmus Filtration Technologies news, CEO Stephanie Disher sold 25,652 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer owned 363,024 shares in the company, valued at approximately $16,426,836. This trade represents a 6.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Charles Masters sold 2,890 shares of the business’s stock in a transaction dated 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 $1,971,949.75. The trade was a 6.22% 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 have sold 40,110 shares of company stock valued at $1,836,804. Corporate insiders own 0.43% of the company’s stock.

Atmus Filtration Technologies Trading Down 2.4%

Shares of NYSE ATMU opened at $47.65 on Friday. Atmus Filtration Technologies Inc. has a fifty-two week low of $42.60 and a fifty-two week high of $66.50. The firm has a market capitalization of $3.89 billion, a P/E ratio of 18.26, a P/E/G ratio of 2.05 and a beta of 1.19. The company has a debt-to-equity ratio of 2.18, a current ratio of 2.65 and a quick ratio of 1.83. The company’s 50 day simple moving average is $51.19 and its 200 day simple moving average is $55.01.

Atmus Filtration Technologies (NYSE:ATMU) last released its earnings results on Friday, August 7th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. The firm had revenue of $527.90 million during 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 business’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter 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 Inc. will post 2.97 EPS for the current year.

Atmus Filtration Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Thursday, August 27th will be issued a $0.06 dividend. This is a boost 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%. The ex-dividend date is Thursday, August 27th. Atmus Filtration Technologies’s dividend payout ratio is currently 9.20%.

Wall Street Analyst Weigh In

Several analysts have recently commented on ATMU shares. JPMorgan Chase & Co. decreased their price target 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 reduced 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. Weiss Ratings lowered Atmus Filtration Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Wall Street Zen cut Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, June 14th. Finally, Wells Fargo & Company began coverage on Atmus Filtration Technologies in a research note on Monday, August 3rd. They set an “equal weight” rating and a $56.00 price target on the stock. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.