Port Capital LLC Invests $52.74 Million in Atmus Filtration Technologies Inc. $ATMU

Port Capital LLC purchased a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,034,293 shares of the company’s stock, valued at approximately $52,739,000. Atmus Filtration Technologies comprises 2.2% of Port Capital LLC’s portfolio, making the stock its 15th biggest position. Port Capital LLC owned 1.27% of Atmus Filtration Technologies at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new position in Atmus Filtration Technologies during the second quarter valued at approximately $631,617,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Atmus Filtration Technologies by 14.6% in the 4th 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 period. Goldman Sachs Group Inc. grew its holdings in shares of Atmus Filtration Technologies by 5.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,200,311 shares of the company’s stock valued at $166,128,000 after buying an additional 163,659 shares during the period. Invesco Ltd. increased its position in shares of Atmus Filtration Technologies by 22.7% in the 4th quarter. Invesco Ltd. now owns 2,728,470 shares of the company’s stock valued at $141,635,000 after buying an additional 504,647 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Atmus Filtration Technologies by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 2,428,684 shares of the company’s stock valued at $126,088,000 after buying an additional 54,376 shares in the last quarter. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Atmus Filtration Technologies Stock Performance

Shares of Atmus Filtration Technologies stock opened at $49.34 on Thursday. 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 firm has a market cap of $4.03 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 2.09 and a beta of 1.19. The stock’s 50-day moving average is $51.33 and its 200-day moving average is $55.15. Atmus Filtration Technologies Inc. has a one year low of $42.60 and a one year high of $66.50.

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

Atmus Filtration Technologies Increases Dividend

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

Analyst Ratings Changes

Several research firms have weighed in on ATMU. JPMorgan Chase & Co. reduced their target price on Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating on the stock in a report on Monday, May 4th. Wells Fargo & Company began coverage on Atmus Filtration Technologies in a report on Monday, August 3rd. They issued an “equal weight” rating and a $56.00 price target for the company. 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. Wall Street Zen cut Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a report on Sunday, June 14th. Finally, Weiss Ratings upgraded Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $62.00.

Insider Activity at Atmus Filtration Technologies

In related news, CEO Stephanie Disher sold 25,652 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $45.25, for a total transaction of $1,160,753.00. Following the completion of the transaction, the chief executive officer owned 363,024 shares in the company, valued at approximately $16,426,836. This represents a 6.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 stock in a transaction on Monday, June 1st. The stock was sold at an average price of $45.25, for a total transaction 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 position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 40,110 shares of company stock worth $1,836,804. 0.43% of the stock is currently owned by corporate insiders.

Atmus Filtration Technologies 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.