Livforsakringsbolaget Skandia Omsesidigt Invests $3.14 Million in Atmus Filtration Technologies Inc. $ATMU

Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 61,600 shares of the company’s stock, valued at approximately $3,141,000. Livforsakringsbolaget Skandia Omsesidigt owned approximately 0.08% of Atmus Filtration Technologies at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Marathon Partners Equity Management LLC bought a new position in shares of Atmus Filtration Technologies in the 2nd quarter valued at approximately $3,926,000. Royce & Associates LP boosted its position in Atmus Filtration Technologies by 2.7% during the fourth quarter. Royce & Associates LP now owns 667,812 shares of the company’s stock worth $34,666,000 after purchasing an additional 17,740 shares during the period. Goldman Sachs Group Inc. grew its holdings in Atmus Filtration Technologies by 5.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,200,311 shares of the company’s stock valued at $166,128,000 after purchasing an additional 163,659 shares during the last quarter. Knights of Columbus Asset Advisors LLC acquired a new position in Atmus Filtration Technologies during the fourth quarter valued at approximately $1,309,000. Finally, Bank of America Corp DE raised its position in shares of Atmus Filtration Technologies by 33.8% in the first quarter. Bank of America Corp DE now owns 893,577 shares of the company’s stock valued at $50,728,000 after purchasing an additional 225,601 shares during the period. 32.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ATMU has been the topic of a number of research analyst reports. Wells Fargo & Company began coverage on shares of Atmus Filtration Technologies in a research note on Monday, August 3rd. They issued an “equal weight” rating and a $56.00 target price on the stock. Weiss Ratings cut shares of Atmus Filtration Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Wall Street Zen lowered Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, June 14th. Robert W. Baird cut their price objective on Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. Finally, JPMorgan Chase & Co. lowered their target price on Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating on the stock in a report on Monday, May 4th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Atmus Filtration Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.

Atmus Filtration Technologies Price Performance

Shares of Atmus Filtration Technologies stock opened at $47.65 on Friday. The firm has a market cap of $3.89 billion, a P/E ratio of 18.26, a price-to-earnings-growth ratio of 2.05 and a beta of 1.19. The firm’s 50-day simple moving average is $51.19 and its 200-day simple moving average is $55.01. Atmus Filtration Technologies Inc. has a twelve month low of $42.60 and a twelve month 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 announced its quarterly earnings results on Friday, August 7th. The company reported $0.82 EPS for the quarter, topping 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 firm had revenue of $527.90 million during the quarter, compared to analysts’ expectations of $507.02 million. During the same quarter last year, the company earned $0.75 earnings per share. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. As a group, research analysts expect that Atmus Filtration Technologies Inc. will post 2.97 EPS 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. 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%. This is a positive change from Atmus Filtration Technologies’s previous quarterly dividend of $0.06. The ex-dividend date is Thursday, August 27th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is currently 9.20%.

Insider Activity

In other news, CFO Jack Kienzler sold 5,132 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $45.25, for a total value of $232,223.00. Following the sale, the chief financial officer owned 75,804 shares of the company’s stock, valued at approximately $3,430,131. This represents a 6.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were purchased at an average price of $49.78 per share, with a total value of $99,560.00. Following the transaction, the director directly owned 40,588 shares in the company, valued at $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. Over the last ninety days, insiders sold 40,110 shares of company stock valued at $1,836,804. 0.43% of the stock is owned by company insiders.

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.