First Trust Advisors LP Purchases 70,905 Shares of Atmus Filtration Technologies Inc. $ATMU

First Trust Advisors LP boosted its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 3.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,202,816 shares of the company’s stock after acquiring an additional 70,905 shares during the period. First Trust Advisors LP’s holdings in Atmus Filtration Technologies were worth $125,054,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Royce & Associates LP increased its stake in shares of 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. Tudor Investment Corp ET AL acquired a new stake in Atmus Filtration Technologies in the third quarter valued at about $1,278,000. Goldman Sachs Group Inc. grew its position in Atmus Filtration Technologies by 5.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,200,311 shares of the company’s stock valued at $166,128,000 after acquiring an additional 163,659 shares during the last quarter. Knights of Columbus Asset Advisors LLC bought a new stake in shares of Atmus Filtration Technologies during the 4th quarter valued at approximately $1,309,000. Finally, Tema Etfs LLC lifted its stake in Atmus Filtration Technologies by 58.6% in the 4th quarter. Tema Etfs LLC now owns 89,857 shares of the company’s stock valued at $4,664,000 after purchasing an additional 33,196 shares during the last quarter. Institutional investors own 32.73% of the company’s stock.

Insider Activity at Atmus Filtration Technologies

In other Atmus Filtration Technologies news, SVP Charles Masters sold 2,890 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $45.25, for a total transaction of $130,772.50. Following the sale, the senior vice president directly owned 43,579 shares in the company, valued at $1,971,949.75. This represents a 6.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Gretchen R. Haggerty bought 1,973 shares of the stock in a transaction on Tuesday, May 12th. The stock was purchased at an average price of $55.74 per share, with a total value of $109,975.02. Following the completion of the acquisition, the director directly owned 25,741 shares in the company, valued at approximately $1,434,803.34. This trade represents a 8.30% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold 36,240 shares of company stock valued at $1,639,860 in the last 90 days. 0.43% of the stock is currently owned by insiders.

Atmus Filtration Technologies Trading Up 1.2%

Shares of ATMU opened at $53.15 on Friday. The stock has a market capitalization of $4.34 billion, a P/E ratio of 20.84, a PEG ratio of 2.24 and a beta of 1.19. The firm has a fifty day simple moving average of $50.00 and a two-hundred day simple moving average of $56.08. The company has a quick ratio of 1.70, a current ratio of 2.53 and a debt-to-equity ratio of 2.47. Atmus Filtration Technologies Inc. has a twelve month low of $37.22 and a twelve month high of $66.50.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.04. Atmus Filtration Technologies had a net margin of 11.56% and a return on equity of 64.29%. The company had revenue of $477.50 million for the quarter, compared to analysts’ expectations of $474.41 million. During the same quarter in the previous year, the company earned $0.63 earnings per share. Atmus Filtration Technologies’s quarterly revenue was up 14.6% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. On average, research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.97 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 26th were issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Tuesday, May 26th. Atmus Filtration Technologies’s payout ratio is currently 8.63%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ATMU. Robert W. Baird reduced their price target on Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Zacks Research downgraded Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Wall Street Zen cut Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a report on Sunday, June 14th. JPMorgan Chase & Co. reduced their price target on shares of Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating for the company in a report on Monday, May 4th. Finally, Wells Fargo & Company reduced their target price on Atmus Filtration Technologies from $67.00 to $58.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 1st. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $62.67.

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.