Atmus Filtration Technologies Inc. $ATMU Stake Trimmed by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 65.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 257,251 shares of the company’s stock after selling 483,252 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Atmus Filtration Technologies were worth $14,951,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Atmus Filtration Technologies by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,874 shares of the company’s stock valued at $1,832,000 after acquiring an additional 2,176 shares during the period. Millennium Management LLC boosted its stake in Atmus Filtration Technologies by 17.5% in the 1st quarter. Millennium Management LLC now owns 219,639 shares of the company’s stock worth $8,067,000 after purchasing an additional 32,727 shares during the period. Jones Financial Companies Lllp grew its position in Atmus Filtration Technologies by 143.1% during the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock worth $26,000 after purchasing an additional 412 shares in the last quarter. Caxton Associates LLP purchased a new position in Atmus Filtration Technologies during the 1st quarter worth approximately $283,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Atmus Filtration Technologies by 2.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 159,638 shares of the company’s stock worth $5,864,000 after purchasing an additional 3,419 shares in the last quarter. 32.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on ATMU. Zacks Research lowered Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings lowered Atmus Filtration Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. Wells Fargo & Company reduced their price objective 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. Robert W. Baird reduced their price objective on 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. Finally, JPMorgan Chase & Co. decreased their price objective on Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating for the company in a research report on Monday, May 4th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Atmus Filtration Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $62.67.

Insiders Place Their Bets

In related news, insider Renee Swan sold 2,566 shares of the 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 $116,111.50. Following the transaction, the insider owned 50,745 shares in the company, valued at approximately $2,296,211.25. This represents a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Charles Masters sold 2,890 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $45.25, for a total transaction of $130,772.50. Following the transaction, the senior vice president directly owned 43,579 shares in the company, valued at approximately $1,971,949.75. The trade was a 6.22% 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. Insiders have sold a total of 36,240 shares of company stock worth $1,639,860 in the last quarter. Corporate insiders own 0.43% of the company’s stock.

Atmus Filtration Technologies Price Performance

Shares of NYSE:ATMU opened at $51.18 on Wednesday. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 20.07, a P/E/G ratio of 2.15 and a beta of 1.19. Atmus Filtration Technologies Inc. has a 1 year low of $37.22 and a 1 year high of $66.50. The company has a current ratio of 2.53, a quick ratio of 1.70 and a debt-to-equity ratio of 2.47. The business has a fifty day simple moving average of $50.05 and a 200 day simple moving average of $56.07.

Atmus Filtration Technologies (NYSE:ATMU) last issued 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 firm had revenue of $477.50 million for the quarter, compared to the consensus estimate of $474.41 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. As a group, sell-side analysts predict that Atmus Filtration Technologies Inc. will post 2.97 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

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

Atmus Filtration Technologies Profile

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.