767,841 Shares in Atmus Filtration Technologies Inc. $ATMU Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) in the 2nd quarter, Holdings Channel reports. The fund purchased 767,841 shares of the company’s stock, valued at approximately $39,152,000.

Other hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Atmus Filtration Technologies by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,874 shares of the company’s stock worth $1,832,000 after purchasing an additional 2,176 shares in the last quarter. Millennium Management LLC grew its stake in shares of Atmus Filtration Technologies by 17.5% in the first quarter. Millennium Management LLC now owns 219,639 shares of the company’s stock valued at $8,067,000 after buying an additional 32,727 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Atmus Filtration Technologies by 143.1% during the first 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 last quarter. Caxton Associates LLP bought a new stake in Atmus Filtration Technologies during the first quarter worth $283,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Atmus Filtration Technologies by 2.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 159,638 shares of the company’s stock worth $5,864,000 after acquiring an additional 3,419 shares in the last quarter. 32.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Wall Street Zen downgraded shares of Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, June 14th. Wells Fargo & Company began coverage on shares of Atmus Filtration Technologies in a report on Monday, August 3rd. They issued an “equal weight” rating and a $56.00 target price on the stock. JPMorgan Chase & Co. cut their target price on shares of Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating for the company in a research note on Monday, May 4th. Robert W. Baird reduced their price target on Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Finally, Weiss Ratings raised Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $62.00.

Insider Activity 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 3,870 shares of the business’s stock in a transaction 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 sale, the insider owned 46,875 shares of the company’s stock, valued at $2,385,468.75. This trade represents a 7.63% decrease in their ownership of the stock. 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 quarter, insiders have sold 40,110 shares of company stock valued at $1,836,804. Insiders own 0.43% of the company’s stock.

Atmus Filtration Technologies Price Performance

NYSE:ATMU opened at $49.34 on Thursday. Atmus Filtration Technologies Inc. has a one year low of $42.60 and a one year high of $66.50. The company has a market cap of $4.03 billion, a P/E ratio of 18.90, a P/E/G ratio of 2.09 and a beta of 1.19. The firm’s fifty day moving average price is $51.33 and its two-hundred day moving average price is $55.15. The company has a debt-to-equity ratio of 2.18, a current ratio of 2.65 and a quick ratio of 1.83.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results 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. The company had revenue of $527.90 million during the quarter, compared to analysts’ expectations of $507.02 million. Atmus Filtration Technologies had a net margin of 11.32% and a return on equity of 59.85%. Atmus Filtration Technologies’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.75 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. Equities analysts expect that Atmus Filtration Technologies Inc. will post 2.97 earnings per share for the current year.

Atmus Filtration Technologies Increases Dividend

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

About Atmus Filtration Technologies

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.