Marathon Partners Equity Management LLC Buys Shares of 77,000 Atmus Filtration Technologies Inc. $ATMU

Marathon Partners Equity Management LLC purchased a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) in the second quarter, Holdings Channel.com reports. The fund purchased 77,000 shares of the company’s stock, valued at approximately $3,926,000. Atmus Filtration Technologies makes up approximately 3.7% of Marathon Partners Equity Management LLC’s portfolio, making the stock its 8th largest position.

Several other large investors have also bought and sold shares of ATMU. Allworth Financial LP bought a new stake in shares of Atmus Filtration Technologies during the 2nd quarter valued at approximately $25,000. Jones Financial Companies Lllp boosted its holdings in Atmus Filtration Technologies by 143.1% in the first quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after acquiring an additional 412 shares during the last quarter. Essex Investment Management Co. LLC acquired a new stake in shares of Atmus Filtration Technologies during the fourth quarter worth $37,000. GHP Investment Advisors Inc. acquired a new stake in Atmus Filtration Technologies during the first quarter worth approximately $44,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Atmus Filtration Technologies by 87.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 849 shares of the company’s stock valued at $44,000 after acquiring an additional 397 shares in the last quarter. 32.73% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Renee Swan sold 3,870 shares of Atmus Filtration Technologies stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $50.89, for a total value of $196,944.30. Following the sale, the insider directly owned 46,875 shares in the company, valued at approximately $2,385,468.75. This trade represents a 7.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 Atmus Filtration Technologies stock in a transaction dated Wednesday, August 12th. The shares were acquired at an average cost of $49.78 per share, for a total transaction of $99,560.00. Following the completion of the purchase, the director directly owned 40,588 shares of the company’s stock, valued at approximately $2,020,470.64. This trade represents a 5.18% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have sold 40,110 shares of company stock worth $1,836,804. Insiders own 0.43% of the company’s stock.

Atmus Filtration Technologies Trading Down 3.1%

Shares of ATMU opened at $48.24 on Tuesday. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 2.10 and a beta of 1.19. The firm has a 50 day moving average price of $51.40 and a 200-day moving average price of $55.31. Atmus Filtration Technologies Inc. has a fifty-two week low of $42.60 and a fifty-two 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.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings data on Friday, August 7th. The company reported $0.82 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $527.90 million for the quarter, compared to the consensus estimate of $507.02 million. During the same quarter in the previous year, the business earned $0.75 earnings per share. The company’s quarterly revenue 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. As a group, equities research analysts forecast 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 is a positive change from Atmus Filtration Technologies’s previous quarterly dividend of $0.06. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.5%. Atmus Filtration Technologies’s dividend payout ratio is presently 8.43%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ATMU shares. Wall Street Zen cut Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a report on Sunday, June 14th. Wells Fargo & Company began 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 objective on the stock. JPMorgan Chase & Co. dropped 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 report on Monday, May 4th. Robert W. Baird decreased their price target 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. Finally, Weiss Ratings upgraded shares of Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $62.00.

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.