Assenagon Asset Management S.A. Decreases Stock Position in Atmus Filtration Technologies Inc. $ATMU

Assenagon Asset Management S.A. lessened its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 71.3% during the first quarter, Holdings Channel reports. The institutional investor owned 181,867 shares of the company’s stock after selling 452,721 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Atmus Filtration Technologies were worth $10,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in ATMU. Jones Financial Companies Lllp raised its stake in Atmus Filtration Technologies by 143.1% in the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after acquiring an additional 412 shares during the period. Essex Investment Management Co. LLC bought a new stake in shares of Atmus Filtration Technologies during the 4th quarter valued at $37,000. PNC Financial Services Group Inc. lifted its holdings in Atmus Filtration Technologies by 87.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 849 shares of the company’s stock worth $44,000 after purchasing an additional 397 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Atmus Filtration Technologies by 93.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock worth $49,000 after purchasing an additional 644 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in shares of Atmus Filtration Technologies by 1,498.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 959 shares of the company’s stock valued at $50,000 after buying an additional 899 shares during the period. Institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Stock Performance

NYSE ATMU opened at $53.71 on Monday. Atmus Filtration Technologies Inc. has a 52-week low of $35.48 and a 52-week high of $66.50. The company has a fifty day moving average of $52.96 and a 200-day moving average of $56.31. The company has a market capitalization of $4.39 billion, a P/E ratio of 21.06, a P/E/G ratio of 2.31 and a beta of 1.25. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.70 and a current ratio of 2.53.

Atmus Filtration Technologies (NYSE:ATMU) last released its earnings results on Friday, May 1st. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. Atmus Filtration Technologies had a return on equity of 64.29% and a net margin of 11.56%.The business had revenue of $477.50 million for the quarter, compared to analysts’ expectations of $474.41 million. During the same quarter in the prior year, the firm earned $0.63 earnings per share. The firm’s 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. As a group, equities research analysts predict that Atmus Filtration Technologies Inc. will post 2.95 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

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

Insider Activity

In other news, Director Gretchen R. Haggerty bought 1,973 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was bought at an average price of $55.74 per share, for a total transaction of $109,975.02. Following the transaction, the director directly owned 25,741 shares of the company’s stock, valued at $1,434,803.34. This represents a 8.30% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jack Kienzler sold 5,132 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 value of $232,223.00. Following the completion of the sale, the chief financial officer directly owned 75,804 shares of the company’s stock, valued at approximately $3,430,131. This represents a 6.34% 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. In the last three months, insiders sold 36,240 shares of company stock worth $1,639,860. 0.43% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Weiss Ratings lowered shares of Atmus Filtration Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Zacks Research cut shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. 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 report on Wednesday, April 1st. JPMorgan Chase & Co. lowered their price target on 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, Robert W. Baird cut their price objective on Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.