Ninepoint Partners LP Takes $2.87 Million Position in Atmus Filtration Technologies Inc. $ATMU

Ninepoint Partners LP purchased a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 16,806 shares of the company’s stock, valued at approximately $2,871,000.

Other institutional investors also recently added to or reduced their stakes in the company. Ieq Capital LLC grew its position in shares of Atmus Filtration Technologies by 3.4% in the 4th quarter. Ieq Capital LLC now owns 5,530 shares of the company’s stock worth $287,000 after buying an additional 182 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of Atmus Filtration Technologies by 0.3% during the second quarter. California State Teachers Retirement System now owns 83,277 shares of the company’s stock worth $3,033,000 after purchasing an additional 236 shares during the period. Anchyra Partners LLC increased its holdings in Atmus Filtration Technologies by 6.6% in the 1st quarter. Anchyra Partners LLC now owns 4,256 shares of the company’s stock worth $242,000 after buying an additional 264 shares during the period. Creative Planning raised its position in Atmus Filtration Technologies by 4.9% during the 2nd quarter. Creative Planning now owns 6,688 shares of the company’s stock worth $244,000 after buying an additional 312 shares during the last quarter. Finally, CWM LLC lifted its stake in Atmus Filtration Technologies by 8.1% during the 4th quarter. CWM LLC now owns 4,949 shares of the company’s stock valued at $257,000 after acquiring an additional 371 shares during the period. Institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Price Performance

Shares of Atmus Filtration Technologies stock opened at $49.40 on Friday. The firm has a market cap of $4.03 billion, a PE ratio of 18.93, a P/E/G ratio of 2.07 and a beta of 1.19. Atmus Filtration Technologies Inc. has a twelve month low of $42.17 and a twelve month high of $66.50. The company has a quick ratio of 1.83, a current ratio of 2.65 and a debt-to-equity ratio of 2.18. The business has a 50-day moving average price of $51.44 and a 200 day moving average price of $55.48.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly 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. Atmus Filtration Technologies had a return on equity of 59.85% and a net margin of 11.32%.The company had revenue of $527.90 million for the quarter, compared to the consensus estimate of $507.02 million. During the same quarter in the prior year, the business posted $0.75 earnings per share. Atmus Filtration Technologies’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. Sell-side analysts predict that Atmus Filtration Technologies Inc. will post 2.97 earnings per share for the current fiscal year.

Atmus Filtration Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors 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 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%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Atmus Filtration Technologies news, CEO Stephanie Disher sold 25,652 shares of the company’s 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 transaction, the chief executive officer directly owned 363,024 shares in the company, valued at approximately $16,426,836. This represents a 6.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Stephen E. Macadam acquired 2,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were bought at an average cost of $49.78 per share, for a total transaction of $99,560.00. Following the completion of the acquisition, the director owned 40,588 shares of the company’s stock, valued at approximately $2,020,470.64. This represents a 5.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold 40,110 shares of company stock worth $1,836,804 in the last 90 days. 0.43% of the stock is owned by insiders.

Atmus Filtration Technologies Company 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.