Atmus Filtration Technologies Inc. $ATMU Stock Sold by Vest Financial LLC

Vest Financial LLC trimmed its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 35.9% during the third quarter, HoldingsChannel reports. The fund owned 66,247 shares of the company’s stock after selling 37,106 shares during the quarter. Vest Financial LLC’s holdings in Atmus Filtration Technologies were worth $2,876,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in Atmus Filtration Technologies during the 2nd quarter worth $631,617,000. First Trust Advisors LP raised its stake in shares of Atmus Filtration Technologies by 3.3% in the 1st quarter. First Trust Advisors LP now owns 2,202,816 shares of the company’s stock valued at $125,054,000 after purchasing an additional 70,905 shares in the last quarter. Jupiter Topco LLC acquired a new stake in shares of Atmus Filtration Technologies in the 2nd quarter valued at about $83,249,000. Janus Henderson Group PLC raised its stake in shares of Atmus Filtration Technologies by 13.3% in the 1st quarter. Janus Henderson Group PLC now owns 1,551,117 shares of the company’s stock valued at $88,104,000 after purchasing an additional 181,792 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Atmus Filtration Technologies by 4.3% during the second quarter. Wellington Management Group LLP now owns 1,445,763 shares of the company’s stock worth $73,719,000 after purchasing an additional 59,342 shares during the last quarter. 32.73% of the stock is owned by institutional investors and hedge funds.

Atmus Filtration Technologies Stock Down 0.2%

Shares of NYSE:ATMU opened at $44.64 on Friday. Atmus Filtration Technologies Inc. has a 1-year low of $40.75 and a 1-year 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’s fifty day moving average is $45.88 and its two-hundred day moving average is $50.68. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 1.88 and a beta of 1.20.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results on Friday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. The business had revenue of $527.90 million for the quarter, compared to analyst estimates 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 last year, the business posted $0.75 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. Equities analysts anticipate that Atmus Filtration Technologies Inc. will post 2.97 EPS for the current year.

Atmus Filtration Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Thursday, August 27th were given a $0.06 dividend. This is an increase from Atmus Filtration Technologies’s previous quarterly dividend of $0.0550. This represents a $0.24 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, August 27th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 9.20%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ATMU shares. Wells Fargo & Company started coverage on Atmus Filtration Technologies in a research note on Monday, August 3rd. They issued an “equal weight” rating and a $56.00 price target for the company. Weiss Ratings upgraded Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Finally, JPMorgan Chase & Co. reduced their target price on Atmus Filtration Technologies from $67.00 to $54.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Atmus Filtration Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.67.

Insider Activity

In related news, Director Stephen E. Macadam acquired 2,000 shares of the stock in a transaction dated Wednesday, August 12th. The shares were acquired at an average price of $49.78 per share, for a total transaction of $99,560.00. Following the completion of the purchase, the director owned 40,588 shares in the company, valued at approximately $2,020,470.64. The trade was a 5.18% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction, the insider directly owned 46,875 shares in the company, valued at $2,385,468.75. This trade represents a 7.63% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 0.43% of the company’s stock.

Atmus Filtration Technologies Profile

Atmus Filtration Technologies Inc (NYSE: ATMU) is a filtration products and solutions company serving the commercial vehicle, industrial, agriculture, construction, mining and power-generation markets. The company develops and manufactures filtration technologies designed to protect engines, equipment and other critical systems while supporting performance and maintenance requirements.

Atmus’s product portfolio includes air, fuel, lube and hydraulic filtration products, as well as solutions for emissions control, crankcase ventilation and coolant management.