14,825 Atmus Filtration Technologies Inc. $ATMU Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 46.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,945 shares of the company’s stock after selling 14,825 shares during the quarter. State of Alaska Department of Revenue’s holdings in Atmus Filtration Technologies were worth $735,000 at the end of the most recent quarter.

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

Atmus Filtration Technologies Price Performance

Shares of NYSE ATMU opened at $44.72 on Friday. Atmus Filtration Technologies Inc. has a fifty-two week low of $40.75 and a fifty-two week high of $66.50. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 1.90 and a beta of 1.20. 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 firm’s 50-day simple moving average is $46.01 and its 200 day simple moving average is $50.72.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly 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 during the quarter, compared to the consensus estimate of $507.02 million. Atmus Filtration Technologies had a return on equity of 59.85% and a net margin of 11.32%. The company’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. As a group, 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 business also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Thursday, August 27th were issued a $0.06 dividend. This is a boost from Atmus Filtration Technologies’s previous quarterly dividend of $0.0550. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Thursday, August 27th. Atmus Filtration Technologies’s dividend payout ratio is 9.20%.

Wall Street Analyst Weigh In

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

Insider Activity at Atmus Filtration Technologies

In related news, 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 transaction of $196,944.30. Following the completion of the sale, the insider owned 46,875 shares in the company, valued at approximately $2,385,468.75. This represents a 7.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 stock in a transaction that occurred on Wednesday, August 12th. The stock was bought at an average cost of $49.78 per share, with a total value of $99,560.00. Following the completion of the transaction, the director directly owned 40,588 shares in the company, valued at $2,020,470.64. The trade was a 5.18% increase in their position. The SEC filing for this purchase provides additional information. 0.43% of the stock is owned by insiders.

About Atmus Filtration Technologies

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.