Castleark Management LLC Purchases New Position in Atmus Filtration Technologies Inc. $ATMU

Castleark Management LLC acquired a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) during the 1st quarter, Holdings Channel reports. The fund acquired 119,350 shares of the company’s stock, valued at approximately $6,776,000.

Other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp increased its stake in Atmus Filtration Technologies by 143.1% in the first quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after purchasing an additional 412 shares in the last quarter. Essex Investment Management Co. LLC acquired a new stake in Atmus Filtration Technologies in the fourth quarter worth $37,000. GHP Investment Advisors Inc. bought a new position in shares of Atmus Filtration Technologies during the first quarter worth $44,000. PNC Financial Services Group Inc. boosted 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 worth $44,000 after purchasing an additional 397 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Atmus Filtration Technologies by 93.6% in the 2nd 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 and hedge funds own 32.73% of the company’s stock.

Atmus Filtration Technologies Stock Down 0.2%

Shares of ATMU stock opened at $53.44 on Monday. The firm has a fifty day moving average of $50.04 and a 200-day moving average of $56.08. The company has a quick ratio of 1.70, a current ratio of 2.53 and a debt-to-equity ratio of 2.47. Atmus Filtration Technologies Inc. has a 12-month low of $37.22 and a 12-month high of $66.50. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 20.96, a P/E/G ratio of 2.28 and a beta of 1.19.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.04. The business had revenue of $477.50 million for the quarter, compared to analyst estimates of $474.41 million. Atmus Filtration Technologies had a net margin of 11.56% and a return on equity of 64.29%. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period last year, the business posted $0.63 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. As a group, equities research analysts predict that Atmus Filtration Technologies Inc. will post 2.97 earnings per share for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently commented on ATMU shares. JPMorgan Chase & Co. lowered their price objective on shares of 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. Wells Fargo & Company reduced their target price on Atmus Filtration Technologies from $67.00 to $58.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 1st. Zacks Research cut Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Wall Street Zen downgraded Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a report on Sunday, June 14th. Finally, Robert W. Baird dropped their price target on Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $62.67.

Insider Buying and Selling

In other news, insider Renee Swan sold 2,566 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 $116,111.50. Following the sale, the insider directly owned 50,745 shares in the company, valued at $2,296,211.25. The trade was a 4.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 company’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 directly owned 43,579 shares of the company’s stock, valued at $1,971,949.75. This represents 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. Over the last quarter, insiders sold 36,240 shares of company stock valued at $1,639,860. Corporate insiders own 0.43% of the company’s stock.

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.