Public Employees Retirement System of Ohio Invests $3.06 Million in Atmus Filtration Technologies Inc. $ATMU

Public Employees Retirement System of Ohio purchased a new stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 59,984 shares of the company’s stock, valued at approximately $3,059,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP bought a new position in Atmus Filtration Technologies during the second quarter valued at approximately $25,000. Jones Financial Companies Lllp grew its position in Atmus Filtration Technologies by 143.1% in the first quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock worth $26,000 after acquiring an additional 412 shares in the last quarter. Essex Investment Management Co. LLC acquired a new position in shares of Atmus Filtration Technologies during the 4th quarter worth $37,000. GHP Investment Advisors Inc. bought a new position in shares of Atmus Filtration Technologies during the 1st quarter valued at $44,000. Finally, PNC Financial Services Group Inc. raised its holdings 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 purchasing an additional 397 shares in the last quarter. Institutional investors and hedge funds own 32.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ATMU. Wall Street Zen lowered Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a report on Sunday, June 14th. Wells Fargo & Company assumed coverage on Atmus Filtration Technologies in a research note on Monday, August 3rd. They issued an “equal weight” rating and a $56.00 price objective on the stock. Finally, Weiss Ratings lowered Atmus Filtration Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $62.00.

Insider Activity at Atmus Filtration Technologies

In other news, insider Renee Swan sold 3,870 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $50.89, for a total transaction of $196,944.30. Following the sale, the insider directly owned 46,875 shares in the company, valued at approximately $2,385,468.75. The trade was a 7.63% decrease in their ownership of the stock. 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, Director Stephen E. Macadam bought 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was purchased at an average price of $49.78 per share, with a total value of $99,560.00. Following the completion of the purchase, the director directly owned 40,588 shares of the company’s stock, valued at $2,020,470.64. This represents a 5.18% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.43% of the stock is currently owned by company insiders.

Atmus Filtration Technologies Stock Performance

NYSE:ATMU opened at $48.18 on Friday. The firm’s 50-day moving average is $50.70 and its 200-day moving average is $54.47. Atmus Filtration Technologies Inc. has a 52-week low of $42.60 and a 52-week high of $66.50. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.83 and a current ratio of 2.65. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 2.01 and a beta of 1.17.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. Atmus Filtration Technologies had a net margin of 11.32% and a return on equity of 59.85%. The business had revenue of $527.90 million during the quarter, compared to analyst estimates of $507.02 million. During the same quarter in the prior year, the business earned $0.75 earnings per share. The firm’s revenue for the quarter 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 research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.97 earnings per share 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. Shareholders of record on Thursday, August 27th will be given a $0.06 dividend. The ex-dividend date 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 dividend payout ratio is 9.20%.

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.