Wellington Management Group LLP Has $73.72 Million Holdings in Atmus Filtration Technologies Inc. $ATMU

Wellington Management Group LLP grew its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 4.3% during the second quarter, Holdings Channel reports. The firm owned 1,445,763 shares of the company’s stock after purchasing an additional 59,342 shares during the period. Wellington Management Group LLP’s holdings in Atmus Filtration Technologies were worth $73,719,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP bought a new position in shares of Atmus Filtration Technologies during the 2nd quarter worth approximately $25,000. Jones Financial Companies Lllp lifted its position in shares of Atmus Filtration Technologies by 143.1% during the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after buying an additional 412 shares during the last quarter. Essex Investment Management Co. LLC purchased a new stake in Atmus Filtration Technologies during the fourth quarter valued at about $37,000. GHP Investment Advisors Inc. purchased a new stake in shares of Atmus Filtration Technologies during the 1st quarter valued at approximately $44,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Atmus Filtration Technologies by 87.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 849 shares of the company’s stock worth $44,000 after acquiring an additional 397 shares in the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Insider Transactions at Atmus Filtration Technologies

In related news, Director Stephen E. Macadam purchased 2,000 shares of Atmus Filtration Technologies stock in a transaction dated Wednesday, August 12th. The stock was purchased 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 $2,020,470.64. The trade was a 5.18% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $196,944.30. Following the completion of the sale, the insider directly owned 46,875 shares of the company’s stock, valued at approximately $2,385,468.75. This trade represents a 7.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 Stock Up 2.6%

Shares of NYSE:ATMU opened at $47.40 on Thursday. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 1.94 and a beta of 1.17. The stock has a fifty day simple moving average of $50.94 and a two-hundred day simple moving average of $54.63. Atmus Filtration Technologies Inc. has a 12-month low of $42.60 and a 12-month high of $66.50. 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 data on Friday, August 7th. The company reported $0.82 earnings per share for the quarter, beating 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 business had revenue of $527.90 million during the quarter, compared to analyst estimates of $507.02 million. During the same period last year, the business earned $0.75 EPS. Atmus Filtration Technologies’s revenue 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. On average, research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.97 earnings per share for the current fiscal year.

Atmus Filtration Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Thursday, August 27th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.5%. This is a boost from Atmus Filtration Technologies’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Thursday, August 27th. Atmus Filtration Technologies’s payout ratio is 9.20%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Weiss Ratings downgraded 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 Atmus Filtration Technologies in a research report on Monday, August 3rd. They issued an “equal weight” rating and a $56.00 price objective for the company. Finally, Wall Street Zen downgraded shares of Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, June 14th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $62.00.

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.