Weiss Asset Management LP Acquires New Stake in Atmus Filtration Technologies Inc. $ATMU

Weiss Asset Management LP bought a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 12,506 shares of the company’s stock, valued at approximately $710,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Royce & Associates LP boosted its position in shares of Atmus Filtration Technologies by 2.7% during the fourth quarter. Royce & Associates LP now owns 667,812 shares of the company’s stock worth $34,666,000 after buying an additional 17,740 shares during the period. Tudor Investment Corp ET AL bought a new position in shares of Atmus Filtration Technologies during the third quarter worth about $1,278,000. Goldman Sachs Group Inc. raised its position in 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 last quarter. Knights of Columbus Asset Advisors LLC acquired a new stake in Atmus Filtration Technologies in the 4th quarter valued at approximately $1,309,000. Finally, Tema Etfs LLC lifted its stake in Atmus Filtration Technologies by 58.6% in the 4th quarter. Tema Etfs LLC now owns 89,857 shares of the company’s stock valued at $4,664,000 after acquiring an additional 33,196 shares in the last quarter. Institutional investors and hedge funds own 32.73% of the company’s stock.

Insider Buying and Selling at Atmus Filtration Technologies

In related news, CFO Jack Kienzler sold 5,132 shares of Atmus Filtration Technologies stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $45.25, for a total transaction of $232,223.00. Following the completion of the sale, the chief financial officer directly owned 75,804 shares of the company’s stock, valued at approximately $3,430,131. This trade represents a 6.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Renee Swan sold 2,566 shares of Atmus Filtration Technologies stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $45.25, for a total transaction of $116,111.50. Following the completion of the sale, the insider owned 50,745 shares of the company’s stock, valued at $2,296,211.25. This trade represents a 4.81% 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. Insiders sold 36,240 shares of company stock worth $1,639,860 in the last three months. 0.43% of the stock is owned by insiders.

Atmus Filtration Technologies Stock Performance

Shares of NYSE ATMU opened at $54.34 on Tuesday. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.70 and a current ratio of 2.53. The stock has a 50 day moving average price of $50.12 and a 200 day moving average price of $56.08. The stock has a market capitalization of $4.44 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 2.28 and a beta of 1.19. Atmus Filtration Technologies Inc. has a 52 week low of $37.22 and a 52 week high of $66.50.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.04. Atmus Filtration Technologies had a return on equity of 64.29% and a net margin of 11.56%.The firm had revenue of $477.50 million for the quarter, compared to analyst estimates of $474.41 million. During the same quarter in the previous year, the firm earned $0.63 EPS. The business’s quarterly revenue was up 14.6% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, May 26th were issued a dividend of $0.055 per share. The ex-dividend date was Tuesday, May 26th. This represents a $0.22 dividend on an annualized basis and a yield of 0.4%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is presently 8.63%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ATMU shares. Wells Fargo & Company decreased their price target on shares of Atmus Filtration Technologies from $67.00 to $58.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 1st. JPMorgan Chase & Co. cut their price objective on shares of Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating on the stock in a research report on Monday, May 4th. Robert W. Baird reduced their target price on shares of Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Weiss Ratings downgraded shares of Atmus Filtration Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. Finally, Zacks Research downgraded shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $62.67.

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.