Quantbot Technologies LP Acquires Shares of 13,272 Atmus Filtration Technologies Inc. $ATMU

Quantbot Technologies LP purchased a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,272 shares of the company’s stock, valued at approximately $677,000.

A number of other hedge funds have also recently added to or reduced their stakes in ATMU. BlackRock Inc. bought a new position in Atmus Filtration Technologies in the second quarter valued at about $631,617,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Atmus Filtration Technologies by 14.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,677,884 shares of the company’s stock worth $242,830,000 after acquiring an additional 596,553 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake 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 purchasing an additional 163,659 shares in the last quarter. Invesco Ltd. boosted its stake 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 purchasing an additional 504,647 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Atmus Filtration Technologies by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 2,428,684 shares of the company’s stock valued at $126,088,000 after purchasing an additional 54,376 shares during the last quarter. Institutional investors own 32.73% of the company’s stock.

Wall Street Analyst Weigh In

ATMU has been the subject of a number of recent research reports. Weiss Ratings cut Atmus Filtration Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Wall Street Zen cut Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a report on Sunday, June 14th. Robert W. Baird dropped their price objective 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. JPMorgan Chase & Co. reduced 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 report on Monday, May 4th. Finally, Wells Fargo & Company assumed coverage on shares of Atmus Filtration Technologies in a research report on Monday, August 3rd. They issued an “equal weight” rating and a $56.00 price target for the company. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Atmus Filtration Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $62.00.

Atmus Filtration Technologies Price Performance

Atmus Filtration Technologies stock opened at $48.77 on Friday. The stock’s 50 day moving average is $51.27 and its 200 day moving average is $55.06. 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 $3.98 billion, a P/E ratio of 18.69, a P/E/G ratio of 2.08 and a beta of 1.19. 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 announced its earnings results on Friday, August 7th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.78 by $0.04. The business had revenue of $527.90 million for the quarter, compared to analysts’ expectations of $507.02 million. Atmus Filtration Technologies had a return on equity of 59.85% and a net margin of 11.32%.The firm’s revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. As a group, research analysts expect that Atmus Filtration Technologies Inc. will post 2.97 EPS for the current year.

Atmus Filtration Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Thursday, August 27th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $0.24 dividend on an annualized basis 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 payout ratio is currently 8.43%.

Insider Buying and Selling

In other 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 sale, the chief executive officer directly owned 363,024 shares in the company, valued at $16,426,836. This represents a 6.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Jack Kienzler sold 5,132 shares of Atmus Filtration Technologies stock in a transaction 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 transaction, the chief financial officer directly owned 75,804 shares of the company’s stock, valued at $3,430,131. This represents a 6.34% 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. In the last 90 days, insiders sold 40,110 shares of company stock worth $1,836,804. Corporate insiders own 0.43% of the company’s stock.

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.