Jupiter Topco LLC Acquires Shares of 1,631,709 Atmus Filtration Technologies Inc. $ATMU

Jupiter Topco LLC bought a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 1,631,709 shares of the company’s stock, valued at approximately $83,249,000.

A number of other large investors have also modified their holdings of the business. Allworth Financial LP acquired a new stake in shares of Atmus Filtration Technologies in the 2nd quarter valued at approximately $25,000. Jones Financial Companies Lllp grew its holdings in Atmus Filtration Technologies by 143.1% during the first quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock worth $26,000 after acquiring an additional 412 shares during the period. Essex Investment Management Co. LLC purchased a new position in Atmus Filtration Technologies in the fourth quarter worth $37,000. GHP Investment Advisors Inc. purchased a new position in Atmus Filtration Technologies in the first quarter worth $44,000. Finally, PNC Financial Services Group Inc. raised its position in Atmus Filtration Technologies by 87.8% in 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. 32.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ATMU has been the topic of several research analyst reports. Weiss Ratings upgraded shares of Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Wall Street Zen downgraded shares of Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a report on Sunday, June 14th. Robert W. Baird reduced their price objective on shares of Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. JPMorgan Chase & Co. decreased their price objective on shares of Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating on the stock in a report on Monday, May 4th. Finally, Wells Fargo & Company initiated coverage on shares of Atmus Filtration Technologies in a research report on Monday, August 3rd. They set an “equal weight” rating and a $56.00 target price on the stock. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Atmus Filtration Technologies has an average rating of “Moderate Buy” and a consensus price target of $62.00.

Insiders Place Their Bets

In other Atmus Filtration Technologies news, Director Stephen E. Macadam bought 2,000 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was bought at an average price of $49.78 per share, for a total transaction of $99,560.00. Following the completion of the transaction, the director owned 40,588 shares in the company, valued at approximately $2,020,470.64. The trade was a 5.18% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Renee Swan sold 3,870 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were 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 in the company, valued at $2,385,468.75. This trade represents a 7.63% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 40,110 shares of company stock worth $1,836,804. 0.43% of the stock is owned by company insiders.

Atmus Filtration Technologies Stock Performance

NYSE ATMU opened at $49.34 on Thursday. The business has a 50 day moving average price of $51.33 and a 200 day moving average price of $55.15. The company has a market capitalization of $4.03 billion, a P/E ratio of 18.90, a PEG ratio of 2.09 and a beta of 1.19. Atmus Filtration Technologies Inc. has a 1-year low of $42.60 and a 1-year high of $66.50. The company has a debt-to-equity ratio of 2.18, a current ratio of 2.65 and a quick ratio of 1.83.

Atmus Filtration Technologies (NYSE:ATMU) last posted its 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. The company had revenue of $527.90 million for 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%.Atmus Filtration Technologies’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.75 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. Sell-side analysts expect that Atmus Filtration Technologies Inc. will post 2.97 EPS 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 $0.06 dividend. The ex-dividend date is Thursday, August 27th. 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. Atmus Filtration Technologies’s payout ratio is presently 9.20%.

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.