Atmus Filtration Technologies Inc. $ATMU Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 13.3% during the 1st quarter, Holdings Channel reports. The firm owned 1,551,117 shares of the company’s stock after acquiring an additional 181,792 shares during the quarter. Janus Henderson Group PLC’s holdings in Atmus Filtration Technologies were worth $88,104,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp increased its holdings in Atmus Filtration Technologies by 143.1% in the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock worth $26,000 after buying an additional 412 shares during the period. Essex Investment Management Co. LLC acquired a new position in shares of Atmus Filtration Technologies in the fourth quarter worth about $37,000. GHP Investment Advisors Inc. acquired a new position in Atmus Filtration Technologies in the 1st quarter worth about $44,000. PNC Financial Services Group Inc. lifted its position in shares of Atmus Filtration Technologies by 87.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 849 shares of the company’s stock valued at $44,000 after buying an additional 397 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in shares of Atmus Filtration Technologies by 93.6% in the second quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock valued at $49,000 after purchasing an additional 644 shares during the period. 32.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on ATMU shares. Wall Street Zen cut Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, June 14th. Zacks Research lowered shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. JPMorgan Chase & Co. decreased their target price 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. Weiss Ratings lowered Atmus Filtration Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. Finally, Robert W. Baird cut their target price on shares of Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $62.67.

Atmus Filtration Technologies Trading Up 0.0%

Shares of Atmus Filtration Technologies stock opened at $51.65 on Friday. The company has a fifty day simple moving average of $50.39 and a 200-day simple moving average of $56.02. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.20 and a beta of 1.19. Atmus Filtration Technologies Inc. has a 12-month low of $37.22 and a 12-month high of $66.50. The company has a current ratio of 2.53, a quick ratio of 1.70 and a debt-to-equity ratio of 2.47.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results 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 analysts’ expectations of $474.41 million. Atmus Filtration Technologies had a return on equity of 64.29% and a net margin of 11.56%.The business’s revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 earnings per share. On average, equities analysts forecast that Atmus Filtration Technologies Inc. will post 2.97 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently disclosed 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 was Tuesday, May 26th. This represents a $0.22 dividend on an annualized basis and a yield of 0.4%. Atmus Filtration Technologies’s payout ratio is currently 8.63%.

Insider Transactions at Atmus Filtration Technologies

In related 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 transaction, the insider owned 50,745 shares in the company, valued at $2,296,211.25. The trade was a 4.81% decrease in their position. The sale was disclosed in a legal filing 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, CEO Stephanie Disher sold 25,652 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $16,426,836. The trade was a 6.60% 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. Insiders have sold a total of 36,240 shares of company stock worth $1,639,860 over the last three months. 0.43% of the stock is currently owned by company 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.