Atmus Filtration Technologies (ATMU)
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Are Industrial Products Stocks Lagging Atmus Filtration Technologies Inc. (ATMU) This Year?
Zacks Investment Research· 2024-03-29 14:46
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Atmus Filtration Technologies (ATMU) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.Atmus Filtration Technologies is one of 226 individual stocks in the Industrial Products sector. Collectively, these companies sit at # ...
Recent Price Trend in Atmus Filtration (ATMU) is Your Friend, Here's Why
Zacks Investment Research· 2024-03-21 13:51
When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate rev ...
3 Stocks With Upgraded Broker Ratings Worth Betting on Now
Zacks Investment Research· 2024-03-21 11:51
With the Federal Reserve still signaling 75-basis points cut in interest rates and projecting strong U.S economic growth this year, it seems to be the right time to enter the market. However, it is not easy for individual investors to select stocks independently and generate robust returns.For this, one has to understand the fundamentals of a company and try to place them against the present economic background to figure out how it may fare as an investment. One way to cut short this task is to follow broke ...
Atmus Filtration Technologies appoints Diego Donoso and Stuart A Taylor II to its Board of Directors
Businesswire· 2024-03-19 13:15
NASHVILLE, Tenn.--(BUSINESS WIRE)--Today, Atmus Filtration Technologies Inc. (NYSE: ATMU) (“Atmus”) announced the appointment of Diego Donoso and Stuart Taylor to its Board of Directors. “I am pleased to have Diego and Stuart join the Atmus Board of Directors at a pivotal time for our company,” said Steph Disher, CEO of Atmus. “Both Diego’s experience leading manufacturing and technology-focused companies and Stuart’s knowledge in both creating businesses and M&A activity will play vital roles as we purs ...
Atmus Becomes a Fully Independent Company Following Final Separation from Cummins
Businesswire· 2024-03-18 19:24
NASHVILLE, Tenn.--(BUSINESS WIRE)--Atmus Filtration Technologies Inc. (NYSE: ATMU) (“Atmus”) today announced its separation from Cummins Inc. (“Cummins”), marking Atmus’ first day as a fully independent company. “Today we celebrate a new day for Atmus,” shared Steph Disher, Chief Executive Officer of Atmus. “As we look at what’s next for Atmus, we have a clear strategy along with a talented and dedicated team that continues to deliver the filtration solutions our customers expect from us. I am excited ab ...
Cummins Announces Final Results of Exchange Offer and Finalizes Separation of Atmus Filtration Technologies Inc.
Businesswire· 2024-03-18 18:59
COLUMBUS, Ind.--(BUSINESS WIRE)--Today, Cummins Inc. (NYSE: CMI) (“Cummins”) announced the final results of its previously announced offer to its shareholders to exchange their shares of Cummins common stock for shares of Atmus Filtration Technologies Inc. (NYSE: ATMU) (“Atmus”) common stock owned by Cummins. The exchange offer expired at 12:00 midnight, New York City time, at the end of the day on March 13, 2024. Pursuant to the exchange offer, Cummins has accepted 5,574,051 shares of Cummins common sto ...
How Atmus (ATMU) Stock Stands Out in a Strong Industry
Zacks Investment Research· 2024-03-15 13:31
One stock that might be an intriguing choice for investors right now is Atmus Filtration Technologies Inc. (ATMU) . This is because this security in the Pollution Control space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking pla ...
Cummins Announces Preliminary Results of Atmus Filtration Technologies Inc. Exchange Offer
Businesswire· 2024-03-14 12:39
COLUMBUS, Ind.--(BUSINESS WIRE)--Today, Cummins Inc. (NYSE: CMI) (“Cummins”) announced that, based on preliminary results, its previously announced offer to its shareholders to exchange their shares of Cummins common stock for shares of Atmus Filtration Technologies Inc. (NYSE: ATMU) (“Atmus”) common stock owned by Cummins was oversubscribed. The exchange offer expired at 12:00 midnight, New York City time, at the end of the day on March 13, 2024. Under the terms of the exchange offer, 12.0298 shares of Atm ...
Is Atmus Filtration Technologies Inc. (ATMU) Stock Outpacing Its Industrial Products Peers This Year?
Zacks Investment Research· 2024-03-13 14:46
For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Atmus Filtration Technologies (ATMU) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.Atmus Filtration Technologies is one of 226 ...
Cummins Announces Final Exchange Ratio of 12.0298 in Split-Off of Atmus Filtration Technologies Inc.
Businesswire· 2024-03-11 21:15
COLUMBUS, Ind.--(BUSINESS WIRE)--Today, Cummins Inc. (NYSE: CMI) (“Cummins”) announced the final exchange ratio for its previously announced split-off exchange offer to Cummins shareholders to exchange their shares of common stock of Cummins for shares of common stock of Atmus Filtration Technologies Inc. (NYSE: ATMU) (“Atmus”) currently held by Cummins. For each share of Cummins common stock that is validly tendered and not properly withdrawn by shareholders and that is accepted by Cummins pursuant to the ...