Atmus Filtration Technologies (NYSE:ATMU) Sets New 12-Month Low – What’s Next?

Atmus Filtration Technologies Inc. (NYSE:ATMU) reached a new 52-week low during mid-day trading on Thursday. The company traded as low as $42.25 and last traded at $41.9650, with a volume of 113589 shares. The stock had previously closed at $44.12.

Wall Street Analysts Forecast Growth

ATMU has been the subject of several analyst reports. Weiss Ratings downgraded Atmus Filtration Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Wall Street Zen downgraded Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, June 14th. Finally, Wells Fargo & Company initiated coverage on Atmus Filtration Technologies in a report on Monday, August 3rd. They issued an “equal weight” rating and a $56.00 target price on the stock. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.

Atmus Filtration Technologies Trading Down 5.6%

The company has a quick ratio of 1.83, a current ratio of 2.65 and a debt-to-equity ratio of 2.18. The company’s fifty day moving average price is $47.78 and its two-hundred day moving average price is $51.80. The firm has a market cap of $3.40 billion, a PE ratio of 15.84, a P/E/G ratio of 1.93 and a beta of 1.20.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.04. The firm had revenue of $527.90 million during 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%. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. As a group, sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Thursday, August 27th were paid a dividend of $0.06 per share. This is a positive change from Atmus Filtration Technologies’s previous quarterly dividend of $0.0550. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.6%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is currently 9.20%.

Insider Activity at Atmus Filtration Technologies

In other Atmus Filtration Technologies news, Director Stephen E. Macadam purchased 2,000 shares of Atmus Filtration Technologies stock in a transaction dated Wednesday, August 12th. The stock was acquired at an average cost of $49.78 per share, with a total value of $99,560.00. Following the acquisition, the director directly owned 40,588 shares of the company’s stock, valued at $2,020,470.64. This represents a 5.18% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Renee Swan sold 3,870 shares of the company’s stock in a transaction 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 transaction, the insider directly owned 46,875 shares in the company, valued at $2,385,468.75. This 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. 0.43% of the stock is owned by company insiders.

Institutional Trading of Atmus Filtration Technologies

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in Atmus Filtration Technologies in the second quarter valued at $631,617,000. Jupiter Topco LLC acquired a new position in shares of Atmus Filtration Technologies during the 2nd quarter worth $83,249,000. Port Capital LLC acquired a new position in shares of Atmus Filtration Technologies during the 2nd quarter worth $52,739,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Atmus Filtration Technologies in the 2nd quarter worth about $39,152,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in Atmus Filtration Technologies by 193.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 999,548 shares of the company’s stock valued at $56,744,000 after acquiring an additional 659,357 shares during the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Company Profile

Atmus Filtration Technologies Inc (NYSE: ATMU) is a filtration solutions company that develops, manufactures and distributes products for commercial vehicles, off-highway equipment, power generation systems and industrial applications. The company serves original equipment manufacturers, distributors and customers in the aftermarket.

Its product portfolio includes air, fuel, lube, hydraulic and coolant filtration systems, as well as products designed to support emissions control and other engine and equipment performance needs.