Atmus Filtration Technologies Inc. $ATMU Holdings Trimmed by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 46.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,945 shares of the company’s stock after selling 14,825 shares during the quarter. State of Alaska Department of Revenue’s holdings in Atmus Filtration Technologies were worth $735,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in Atmus Filtration Technologies by 25.5% in the 3rd quarter. GAMMA Investing LLC now owns 3,169 shares of the company’s stock valued at $138,000 after buying an additional 643 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Atmus Filtration Technologies by 9.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,368 shares of the company’s stock worth $146,000 after buying an additional 302 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Atmus Filtration Technologies by 2.6% in the 2nd quarter. Tidal Investments LLC now owns 123,691 shares of the company’s stock worth $6,307,000 after buying an additional 3,119 shares during the last quarter. Nykredit A S purchased a new position in shares of Atmus Filtration Technologies in the 2nd quarter worth approximately $73,000. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Atmus Filtration Technologies by 252.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,409 shares of the company’s stock worth $72,000 after buying an additional 1,009 shares during the last quarter. 32.73% of the stock is owned by institutional investors.

Insider Activity at Atmus Filtration Technologies

In related news, Director Stephen E. Macadam purchased 2,000 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were bought at an average price of $49.78 per share, with a total value of $99,560.00. Following the acquisition, the director owned 40,588 shares of the company’s stock, valued at $2,020,470.64. This trade represents a 5.18% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Renee Swan sold 3,870 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $50.89, for a total value of $196,944.30. Following the completion of the transaction, the insider owned 46,875 shares in the company, valued at approximately $2,385,468.75. The trade was a 7.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 0.43% of the company’s stock.

Atmus Filtration Technologies Stock Performance

NYSE ATMU opened at $44.72 on Friday. Atmus Filtration Technologies Inc. has a 52-week low of $40.75 and a 52-week high of $66.50. The company has a 50-day simple moving average of $46.01 and a 200 day simple moving average of $50.72. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.83 and a current ratio of 2.65. The company has a market capitalization of $3.65 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 1.90 and a beta of 1.20.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.82 EPS for the quarter, topping 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 company’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. On average, research 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 declared a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Thursday, August 27th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Thursday, August 27th. This is an increase from Atmus Filtration Technologies’s previous quarterly dividend of $0.0550. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 9.20%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Weiss Ratings raised Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. JPMorgan Chase & Co. dropped their price target on Atmus Filtration Technologies from $67.00 to $54.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. Finally, Wells Fargo & Company began coverage on Atmus Filtration Technologies in a report on Monday, August 3rd. They set an “equal weight” rating and a $56.00 price target on the stock. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Atmus Filtration Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $57.67.

Atmus Filtration Technologies Company Profile

Atmus Filtration Technologies Inc (NYSE: ATMU) is a filtration products and solutions company serving the commercial vehicle, industrial, agriculture, construction, mining and power-generation markets. The company develops and manufactures filtration technologies designed to protect engines, equipment and other critical systems while supporting performance and maintenance requirements.

Atmus’s product portfolio includes air, fuel, lube and hydraulic filtration products, as well as solutions for emissions control, crankcase ventilation and coolant management.