186,323 Shares in Atmus Filtration Technologies Inc. $ATMU Purchased by Legal & General Group Plc

Legal & General Group Plc purchased a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 186,323 shares of the company’s stock, valued at approximately $9,501,000.

Several other large investors also recently modified their holdings of ATMU. The Manufacturers Life Insurance Company bought a new position in shares of Atmus Filtration Technologies during the 2nd quarter worth approximately $39,152,000. Marathon Partners Equity Management LLC bought a new stake in Atmus Filtration Technologies in the second quarter valued at $3,926,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Atmus Filtration Technologies during the second quarter worth $3,217,000. Elevation Point Wealth Partners LLC acquired a new position in Atmus Filtration Technologies during the second quarter worth $397,000. Finally, Quantbot Technologies LP bought a new position in shares of Atmus Filtration Technologies during the second quarter valued at $677,000. 32.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ATMU has been the topic of several analyst reports. Weiss Ratings lowered shares of Atmus Filtration Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Wells Fargo & Company initiated 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 on the stock. Finally, Wall Street Zen cut shares of Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, June 14th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $62.00.

Insiders Place Their Bets

In other news, insider Renee Swan sold 3,870 shares of the business’s stock in a transaction 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 completion of the sale, the insider owned 46,875 shares in the company, valued at $2,385,468.75. The trade was a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Stephen E. Macadam purchased 2,000 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average cost of $49.78 per share, for a total transaction of $99,560.00. Following the purchase, the director directly owned 40,588 shares of the company’s stock, valued at $2,020,470.64. This trade represents a 5.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.43% of the stock is currently owned by company insiders.

Atmus Filtration Technologies Trading Down 2.3%

Shares of NYSE ATMU opened at $46.13 on Wednesday. Atmus Filtration Technologies Inc. has a 1-year low of $42.60 and a 1-year high of $66.50. The company has a 50-day moving average of $51.01 and a two-hundred day moving average of $54.74. The company has a market cap of $3.76 billion, a PE ratio of 17.67, a P/E/G ratio of 1.99 and a beta of 1.19. The company has a current ratio of 2.65, a quick ratio of 1.83 and a debt-to-equity ratio of 2.18.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly 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 net margin of 11.32% and a return on equity of 59.85%. Atmus Filtration Technologies’s revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. As a group, equities analysts expect that Atmus Filtration Technologies Inc. will post 2.97 earnings per share for the current fiscal 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. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, August 27th. This is a positive change from Atmus Filtration Technologies’s previous quarterly dividend of $0.06. Atmus Filtration Technologies’s dividend payout ratio 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.