Atmus Filtration Technologies (ATMU)
Market Price (11/5/2026): $47.835 | Market Cap: $3.9 BilSector: Industrials | Industry: Industrial Machinery & Supplies & Components
Atmus Filtration Technologies (ATMU)
Market Price (11/5/2026): $47.835Market Cap: $3.9 BilSector: IndustrialsIndustry: Industrial Machinery & Supplies & Components
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.0% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 10% Low stock price volatilityVol 12M is 39% Megatrend and thematic driversMegatrends include Water Infrastructure, and Sustainable Resource Management. Themes include Water Treatment & Delivery, Wastewater Management, Show more. | Weak multi-year price returns2Y Excs Rtn is -6.4% | Key risksATMU key risks include [1] significant exposure to trade policy shifts impacting its core Mexico-to-U.S. Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.0% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 10% |
| Low stock price volatilityVol 12M is 39% |
| Megatrend and thematic driversMegatrends include Water Infrastructure, and Sustainable Resource Management. Themes include Water Treatment & Delivery, Wastewater Management, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -6.4% |
| Key risksATMU key risks include [1] significant exposure to trade policy shifts impacting its core Mexico-to-U.S. Show more. |
Qualitative Assessment
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Atmus Filtration Technologies (ATMU) stock has lost about 5% since 7/31/2026 because of the following key factors:
1. Narrowed Adjusted EBITDA Margin Outlook Despite Strong Q2 Fiscal 2026 Performance.
Despite reporting adjusted earnings per share (EPS) of $0.82 and record revenue of $528 million for fiscal Q2 2026 (period ending June 30, 2026), both exceeding analyst estimates, Atmus Filtration Technologies narrowed its adjusted EBITDA margin outlook for the full fiscal year 2026 to 19.75%-20.25%. This adjustment was attributed to commodity pressures and the impact of the Middle East conflict on margins and joint venture income, signaling potential profitability challenges ahead and causing the stock to slip slightly after the Q2 earnings announcement on August 7, 2026.
2. Significant Analyst Price Target Reduction.
JPMorgan Chase & Co. lowered its price target for Atmus Filtration Technologies from $67.00 to $54.00 on October 8, 2026, while maintaining an "overweight" rating. This notable reduction in the projected stock value by a major financial institution likely contributed to a decline in investor confidence and the stock's downward trend.
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Atmus Filtration Technologies (ATMU) stock has lost about 5% since 7/31/2026 because of the following key factors:
1. Narrowed Adjusted EBITDA Margin Outlook Despite Strong Q2 Fiscal 2026 Performance.
Despite reporting adjusted earnings per share (EPS) of $0.82 and record revenue of $528 million for fiscal Q2 2026 (period ending June 30, 2026), both exceeding analyst estimates, Atmus Filtration Technologies narrowed its adjusted EBITDA margin outlook for the full fiscal year 2026 to 19.75%-20.25%. This adjustment was attributed to commodity pressures and the impact of the Middle East conflict on margins and joint venture income, signaling potential profitability challenges ahead and causing the stock to slip slightly after the Q2 earnings announcement on August 7, 2026.
2. Significant Analyst Price Target Reduction.
JPMorgan Chase & Co. lowered its price target for Atmus Filtration Technologies from $67.00 to $54.00 on October 8, 2026, while maintaining an "overweight" rating. This notable reduction in the projected stock value by a major financial institution likely contributed to a decline in investor confidence and the stock's downward trend.
3. Broader Macroeconomic and Industry Headwinds.
The stock movement was influenced by a general "risk-off session" in the market during the period, driven by escalating Mideast tensions that pushed oil prices above $112, ongoing tariff risks related to Canadian vehicles and parts, and a hawkish stance from the Federal Reserve. Additionally, the broader automotive and industrial filtration sectors faced mixed to negative news, with several Atmus peers reporting challenges such as Visteon cutting guidance due to warranty charges, Gentherm missing estimates, and Genuine Parts narrowing its full-year EPS outlook due to fuel and freight costs and soft global automotive conditions. These external economic and sector-specific pressures likely dampened investor sentiment for Atmus Filtration Technologies.
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Stock Movement Drivers
Fundamental Drivers
The -7.2% change in ATMU stock from 7/31/2026 to 11/4/2026 was primarily driven by a -9.0% change in the company's P/E Multiple.| (LTM values as of) | 7312026 | 11042026 | Change |
|---|---|---|---|
| Stock Price ($) | 51.57 | 47.83 | -7.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,825 | 1,900 | 4.1% |
| Net Income Margin (%) | 11.6% | 11.3% | -2.1% |
| P/E Multiple | 19.9 | 18.1 | -9.0% |
| Shares Outstanding (Mil) | 82 | 82 | 0.0% |
| Cumulative Contribution | -7.2% |
Market Drivers
7/31/2026 to 11/4/2026| Return | Correlation | |
|---|---|---|
| ATMU | -7.2% | |
| Market (SPY) | 2.6% | 35.1% |
| Sector (XLI) | -5.8% | 57.9% |
Fundamental Drivers
The -24.4% change in ATMU stock from 4/30/2026 to 11/4/2026 was primarily driven by a -26.3% change in the company's P/E Multiple.| (LTM values as of) | 4302026 | 11042026 | Change |
|---|---|---|---|
| Stock Price ($) | 63.25 | 47.83 | -24.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,764 | 1,900 | 7.7% |
| Net Income Margin (%) | 11.8% | 11.3% | -3.7% |
| P/E Multiple | 24.6 | 18.1 | -26.3% |
| Shares Outstanding (Mil) | 81 | 82 | -1.1% |
| Cumulative Contribution | -24.4% |
Market Drivers
4/30/2026 to 11/4/2026| Return | Correlation | |
|---|---|---|
| ATMU | -24.4% | |
| Market (SPY) | 7.0% | 29.5% |
| Sector (XLI) | -2.7% | 56.7% |
Fundamental Drivers
The 5.6% change in ATMU stock from 10/31/2025 to 11/4/2026 was primarily driven by a 13.1% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 10312025 | 11042026 | Change |
|---|---|---|---|
| Stock Price ($) | 45.28 | 47.83 | 5.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,680 | 1,900 | 13.1% |
| Net Income Margin (%) | 11.2% | 11.3% | 0.9% |
| P/E Multiple | 19.8 | 18.1 | -8.4% |
| Shares Outstanding (Mil) | 82 | 82 | 1.1% |
| Cumulative Contribution | 5.6% |
Market Drivers
10/31/2025 to 11/4/2026| Return | Correlation | |
|---|---|---|
| ATMU | 5.6% | |
| Market (SPY) | 13.4% | 40.5% |
| Sector (XLI) | 10.2% | 63.4% |
Fundamental Drivers
The 157.8% change in ATMU stock from 10/31/2023 to 11/4/2026 was primarily driven by a 0.0% change in the company's P/E Multiple.| (LTM values as of) | 10312023 | 11042026 | Change |
|---|---|---|---|
| Stock Price ($) | 18.55 | 47.83 | 157.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 1,900 | 0.0% |
| Net Income Margin (%) | � | 11.3% | 0.0% |
| P/E Multiple | � | 18.1 | 0.0% |
| Shares Outstanding (Mil) | 83 | 82 | 2.1% |
| Cumulative Contribution | 0.0% |
Market Drivers
10/31/2023 to 11/4/2026| Return | Correlation | |
|---|---|---|
| ATMU | 157.8% | |
| Market (SPY) | 89.7% | 51.1% |
| Sector (XLI) | 79.2% | 64.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ATMU Return | - | - | 8% | 67% | 33% | -8% | 123% |
| Peers Return | 24% | -4% | 26% | 26% | 24% | 2% | 141% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 102% |
Monthly Win Rates [3] | |||||||
| ATMU Win Rate | - | - | 50% | 67% | 75% | 64% | |
| Peers Win Rate | 65% | 35% | 57% | 60% | 63% | 49% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 36% | |
Max Drawdowns [4] | |||||||
| ATMU Max Drawdown | - | - | - | -16% | -27% | -35% | |
| Peers Max Drawdown | -17% | -25% | -19% | -15% | -28% | -27% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: DCI, PH, CMI, ETN, DHR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/4/2026 (YTD)
How Low Can It Go
| Event | ATMU | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -20.1% | -18.8% |
| % Gain to Breakeven | 25.2% | 23.1% |
| Time to Breakeven | 122 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -24.5% | -9.5% |
| % Gain to Breakeven | 32.4% | 10.5% |
| Time to Breakeven | 43 days | 24 days |
In The Past
Atmus Filtration Technologies's stock fell -20.1% during the 2025 US Tariff Shock. Such a loss loss requires a 25.2% gain to breakeven.
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Asset Allocation
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| Event | ATMU | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -20.1% | -18.8% |
| % Gain to Breakeven | 25.2% | 23.1% |
| Time to Breakeven | 122 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -24.5% | -9.5% |
| % Gain to Breakeven | 32.4% | 10.5% |
| Time to Breakeven | 43 days | 24 days |
In The Past
Atmus Filtration Technologies's stock fell -20.1% during the 2025 US Tariff Shock. Such a loss loss requires a 25.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Atmus Filtration Technologies (ATMU)
Atmus Filtration Technologies (ATMU) is a global leader specializing in advanced filtration products. The company designs and manufactures critical components primarily for on-highway commercial vehicles and various off-highway applications such as agriculture, construction, mining, and power generation. Its core mission is to enable lower emissions and provide superior asset protection for engines and equipment, with a significant majority (approximately 84%) of its revenue coming from recurring aftermarket sales for replacement parts.
Operating principally under the Fleetguard brand, Atmus offers a comprehensive portfolio of filtration solutions. These products include fuel filters, lube filters, air filters, crankcase ventilation systems, hydraulic filters, and coolants. By providing a broad range of premium products, Atmus aims to offer "one-stop shopping" for its customers, helping them extend service intervals, reduce maintenance costs, and increase equipment uptime.
The company boasts a robust global footprint, serving end-users in approximately 150 countries, with nearly half of its net sales originating from outside the United States and Canada. Atmus maintains a leading position in its core on-highway and off-highway markets, supported by an established global salesforce, numerous distribution centers, manufacturing facilities, and technical facilities across six continents, including operations through joint ventures in key markets like China and India.
```AI Analysis | Feedback
Here are 1-2 brief analogies for Atmus Filtration Technologies:
It's the Michelin of filters for commercial vehicles and heavy equipment, making essential, regularly replaced components.
Think of it as Castrol for filtration systems in industrial and commercial vehicles, providing critical parts that need regular replacement to keep engines healthy.
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- Fuel filters: Filtration products designed to clean fuel for vehicles and equipment.
- Lube filters: Filtration products used to purify lubricants in engines and machinery.
- Air filters: Filtration products that clean the air entering engines and equipment.
- Crankcase ventilation: Products that manage and filter gases from the engine crankcase.
- Hydraulic filters: Filtration products for hydraulic systems to maintain fluid cleanliness.
- Coolants and other chemicals: Chemical products used for cooling and other operational purposes in vehicles and equipment.
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Steph Disher, Chief Executive Officer and President
Steph Disher assumed the role of Chief Executive Officer and President upon the establishment of Atmus Filtration Technologies following its initial public offering in May 2023. Previously, Disher served as Vice President of Cummins Filtration, where she was responsible for an organization with over 4,000 global employees and $1.4 billion in sales in 2021. She also held the position of Managing Director for Cummins South Pacific. Before her tenure at Cummins, Disher spent 13 years with BP, holding various leadership roles in finance, operations, and human resources. Her global experience includes executive leadership positions in Australia, Asia, and the United States. Disher holds a Bachelor of Commerce from the University of Western Sydney and a Master of Business Administration from the University of Melbourne.
Jack Kienzler, Senior Vice President and Chief Financial Officer
Jack Kienzler became the Chief Financial Officer of Atmus Filtration Technologies in May 2023. Prior to this, he served in various financial capacities at Cummins Filtration Inc., including Division CFO, from January 2022 to May 2023. Kienzler accumulated extensive experience at Cummins Inc. from April 2014 to February 2022, holding roles such as Executive Director of Investor Relations and Senior Director of Corporate Development. In his corporate development role, he was responsible for evaluating strategic opportunities, leading deal negotiations, and executing transactions, including acquisitions, joint ventures, and minority equity investments. Earlier in his career, from 2008 to 2014, Kienzler worked in the deal advisory group at KPMG Transaction Services, where he served private equity and strategic clients. He earned an MBA in Financial Analysis from the Indiana University - Kelley School of Business and a BS in Accounting and Finance from Indiana University Bloomington. Kienzler is also a licensed Certified Public Accountant (CPA) in Tennessee.
Rakesh Gangwani, Senior Vice President, Strategy and President, Industrial Solutions
Laura Heltebran, Chief Legal Officer and Corporate Secretary
Charles Masters, Senior Vice President and President, Power Solutions
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The key risk to Atmus Filtration Technologies is the long-term decline in demand for internal combustion engine (ICE) vehicles and equipment.
Atmus's core business is the design and manufacturing of filtration products, principally under the Fleetguard brand, for on-highway commercial vehicles and off-highway agriculture, construction, mining, and power generation vehicles and equipment. These markets are currently dominated by ICE technology. The global transition towards alternative propulsion systems, such as electric vehicles (EVs) and hydrogen fuel cell technologies, poses a significant threat to the demand for traditional fuel, lube, and air filters that are essential for ICE operation. While some filtration needs may persist in alternative propulsion systems (e.g., for battery cooling or cabin air), the fundamental shift away from ICEs could lead to a substantial and sustained reduction in their primary product market over time.
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The clear emerging threat for Atmus Filtration Technologies is the accelerating global transition towards electrification and alternative propulsion systems (such as hydrogen fuel cells) in the on-highway commercial vehicle and off-highway equipment markets. As these markets adopt electric or alternative fuel powertrains, the demand for traditional fuel filters, lube filters, and other filtration products designed for internal combustion engines will significantly diminish, directly impacting Atmus's core product portfolio and recurring revenue base.
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Atmus Filtration Technologies (ATMU) anticipates several key drivers to fuel its revenue growth over the next two to three years:
- Expansion into Industrial Filtration Markets through Strategic Acquisitions: Atmus has strategically expanded its market presence by acquiring Koch Filter, establishing a new Industrial Solutions segment. This move is expected to accelerate growth by targeting industrial air filtration, including commercial and industrial HVAC applications and the rapidly growing data center market. The company plans to continue pursuing inorganic expansion into industrial air, liquids, and water filtration markets.
- Growth in Aftermarket Sales: A significant portion of Atmus's global revenues, approximately 80%, comes from the aftermarket segment. The company expects improvements in on-highway aftermarket sales, driven by an anticipated recovery in freight activity and the end of destocking experienced in the latter half of 2023.
- New Product Introductions and Technological Advancements: Atmus is focused on technology leadership and continues to differentiate itself through new product launches. The introduction of advanced filtration media, such as NanoNet N3, is a cornerstone for growing its first-fit business. Ongoing investment in research and development is aimed at meeting evolving emissions and performance requirements, thereby enhancing product offerings across its core markets.
- Strategic Pricing Actions: Consistent pricing actions have been a contributor to revenue growth for Atmus. The company expects to continue implementing favorable pricing strategies to offset costs and contribute to overall revenue expansion.
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Share Repurchases
- Atmus Filtration Technologies authorized a $150 million share repurchase program in July 2024.
- The company executed $61 million in share buybacks during 2025.
- As of February 2026, $69 million remained on the share repurchase authorization, with expected buybacks of $20 million to $40 million in 2026.
Share Issuance
- Atmus Filtration Technologies completed its Initial Public Offering (IPO) in May 2023, where 16,243,070 shares of common stock were sold at $19.50 per share; Atmus itself did not receive any proceeds from this sale, as the shares were sold by Cummins.
- The number of outstanding shares was 83,309,210 as of February 9, 2024.
- As of April 30, 2025, there were 82,663,925 shares of common stock outstanding.
Outbound Investments
- Atmus Filtration Technologies acquired Koch Filter Corporation in January 2026, which established a new Industrial Solutions segment for the company.
- The Koch Filter acquisition was financed, in part, through an amended and restated credit agreement that provided a $1.0 billion term loan facility and a $500 million revolving credit facility.
Capital Expenditures
- Capital expenditures totaled -$53.90 million in the last 12 months as of March 2026.
- The company supported capital spending of $37.6 million during the first nine months of 2025.
- Atmus has invested in a new media facility in Mado, South Korea, as part of its strategic progress.
Peer Outperformance in Industrial Machinery & Supplies & Components
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 29 | -12.8% | 78.4% | 144.7% | FIX 1084% · STRL 944% · AGX 620% |
| Marine Transportation | 5 | 28.7% | 38.5% | 123.2% | MATX 149% · KEX 123% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 12.2% | 58.9% | 107.9% | ALSN 278% · WAB 230% · CAT 216% |
| Aerospace & Defense | 54 | -7.4% | 61.7% | 59.6% | ATI 980% · FTAI 885% · HWM 598% |
| Industrial Machinery & Supplies & Components ← | 71 | 6.3% | 50.5% | 38.7% | CRS 887% · MLI 333% · SYM 274% |
| Trading Companies & Distributors | 19 | 17.2% | 41.9% | 38.4% | DXPE 356% · AIT 215% · URI 202% |
| Rail Transportation | 7 | 37.9% | 59.1% | 33.8% | CSX 57% · UNP 46% · NSC 34% |
| Diversified Support Services | 33 | 21.0% | 37.1% | 28.3% | CXW 235% · OPLN 162% · CACI 120% |
| Building Products | 34 | -3.2% | 12.5% | 21.7% | MOD 793% · GFF 380% · TT 142% |
| Cargo Ground Transportation | 16 | 33.7% | 17.8% | 7.7% | XPO 276% · R 265% · ARCB 26% |
| Office Services & Supplies | 10 | 29.7% | 26.2% | 3.1% | TILE 170% · PBI 166% · HNI 48% |
| Industrial Conglomerates | 17 | 23.0% | -3.6% | 1.0% | CSW 125% · CSL 83% · DD 74% |
| Electrical Components & Equipment | 39 | -5.2% | 68.2% | -2.8% | POWL 1633% · VRT 667% · BE 564% |
| Data Processing & Outsourced Services | 6 | -14.9% | 3.1% | -12.6% | EXLS 60% · BR 21% · MMS -12% |
| Security & Alarm Services | 9 | -49.8% | 13.7% | -19.8% | BCO 70% |
| Research & Consulting Services | 13 | 4.9% | -16.9% | -20.8% | HURN 224% · FCN 35% · BAH 11% |
| Agricultural & Farm Machinery | 16 | 17.3% | -6.1% | -21.8% | BLBD 184% · DE 106% · TTC 19% |
| Environmental & Facilities Services | 29 | -29.1% | 25.0% | -25.8% | GEO 210% · CLH 173% · RSG 96% |
| Passenger Airlines | 11 | 10.5% | 55.1% | -28.2% | LTM 3048% · UAL 136% · DAL 126% |
| Air Freight & Logistics | 12 | -23.0% | -5.0% | -37.3% | FDX 86% · EXPD 60% · CHRW 57% |
| Human Resource & Employment Services | 22 | 21.6% | -6.2% | -42.7% | ADP 50% · FA 22% · PAYX 13% |
| Passenger Ground Transportation | 3 | -13.2% | 46.3% | -53.7% | UBER 54% · CAR -54% · LYFT -62% |
| Airport Services | 4 | -48.6% | -62.5% | -86.1% | JOBY -48% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 292.01 |
| Mkt Cap | 90.4 |
| Rev LTM | 23,554 |
| Op Inc LTM | 4,251 |
| FCF LTM | 3,581 |
| FCF 3Y Avg | 2,742 |
| CFO LTM | 4,506 |
| CFO 3Y Avg | 3,571 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.9% |
| Rev Chg 3Y Avg | 4.9% |
| Rev Chg Q | 9.6% |
| QoQ Delta Rev Chg LTM | 2.4% |
| Op Inc Chg LTM | 11.4% |
| Op Inc Chg 3Y Avg | 14.0% |
| Op Mgn LTM | 16.4% |
| Op Mgn 3Y Avg | 16.7% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 14.4% |
| CFO/Rev 3Y Avg | 14.2% |
| FCF/Rev LTM | 11.4% |
| FCF/Rev 3Y Avg | 11.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 90.4 |
| P/S | 3.4 |
| P/Op Inc | 20.6 |
| P/EBIT | 19.7 |
| P/E | 27.8 |
| P/CFO | 22.1 |
| Total Yield | 5.0% |
| Dividend Yield | 1.0% |
| FCF Yield 3Y Avg | 3.5% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Price Behavior
| Market Price | $47.83 | |
| Market Cap ($ Bil) | 3.9 | |
| First Trading Date | 05/26/2023 | |
| Distance from 52W High | -26.9% | |
| 50 Days | 200 Days | |
| DMA Price | $45.36 | $52.83 |
| DMA Trend | down | down |
| Distance from DMA | 5.4% | -9.5% |
| 3M | 1YR | |
| Volatility | 29.8% | 38.9% |
| Downside Capture | 140.17 | 130.53 |
| Upside Capture | 71.83 | 120.29 |
| Correlation (S&P 500) | 28.3% | 41.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.01 | 1.14 | 1.15 | 1.16 | 1.25 | 1.18 |
| Up Beta | -1.72 | -0.40 | 1.01 | 0.18 | 1.02 | 1.29 |
| Down Beta | 0.70 | 0.96 | 0.64 | 1.29 | 1.18 | 1.14 |
| Up Capture | 189% | 140% | 98% | 117% | 140% | 158% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 13 | 18 | 27 | 61 | 130 | 395 |
| Down Capture | 85% | 142% | 167% | 151% | 127% | 102% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 9 | 24 | 36 | 63 | 119 | 349 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ATMU | |
|---|---|---|---|---|
| ATMU | 4.4% | 38.9% | 0.20 | - |
| Sector ETF (XLI) | 10.8% | 17.4% | 0.42 | 63.6% |
| Equity (SPY) | 13.2% | 12.9% | 0.68 | 40.5% |
| Gold (GLD) | 1.0% | 28.8% | 0.03 | 21.3% |
| Commodities (DBC) | 35.9% | 21.2% | 1.34 | -19.3% |
| Real Estate (VNQ) | 14.3% | 14.1% | 0.70 | 30.2% |
| Bitcoin (BTCUSD) | -28.2% | 43.4% | -0.65 | 13.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ATMU | |
|---|---|---|---|---|
| ATMU | 17.5% | 34.6% | 0.73 | - |
| Sector ETF (XLI) | 12.1% | 17.6% | 0.51 | 60.9% |
| Equity (SPY) | 12.5% | 17.2% | 0.55 | 48.8% |
| Gold (GLD) | 17.3% | 19.1% | 0.73 | 12.8% |
| Commodities (DBC) | 8.0% | 19.6% | 0.29 | 1.9% |
| Real Estate (VNQ) | 1.8% | 18.9% | -0.01 | 35.5% |
| Bitcoin (BTCUSD) | 5.5% | 51.5% | 0.29 | 15.6% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ATMU | |
|---|---|---|---|---|
| ATMU | 8.4% | 34.6% | 0.73 | - |
| Sector ETF (XLI) | 13.4% | 20.1% | 0.58 | 60.9% |
| Equity (SPY) | 15.4% | 18.0% | 0.73 | 48.8% |
| Gold (GLD) | 11.9% | 16.5% | 0.59 | 12.8% |
| Commodities (DBC) | 7.4% | 18.1% | 0.33 | 1.9% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.23 | 35.5% |
| Bitcoin (BTCUSD) | 61.0% | 66.2% | 1.01 | 15.6% |
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Returns Analyses
Earnings Returns History
Updated 9/10/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/7/2026 | -6.1% | -8.7% | -11.2% |
| 5/1/2026 | -17.0% | -13.5% | -27.8% |
| 2/13/2026 | 3.2% | 4.2% | -7.7% |
| 11/7/2025 | 3.0% | 4.7% | 8.5% |
| 8/8/2025 | 6.1% | 16.9% | 19.7% |
| 5/2/2025 | 2.4% | 3.3% | 2.7% |
| 2/21/2025 | -3.6% | -1.5% | -4.1% |
| 11/8/2024 | 6.8% | 3.9% | -1.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 8 | 6 |
| # Negative | 5 | 5 | 7 |
| Median Positive | 3.0% | 4.1% | 17.0% |
| Median Negative | -6.1% | -5.2% | -4.1% |
| Max Positive | 6.8% | 16.9% | 19.7% |
| Max Negative | -17.0% | -13.5% | -27.8% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/7/2026 | -6.1% | -8.7% | -11.2% |
| 5/1/2026 | -17.0% | -13.5% | -27.8% |
| 2/13/2026 | 3.2% | 4.2% | -7.7% |
| 11/7/2025 | 3.0% | 4.7% | 8.5% |
| 8/8/2025 | 6.1% | 16.9% | 19.7% |
| 5/2/2025 | 2.4% | 3.3% | 2.7% |
| 2/21/2025 | -3.6% | -1.5% | -4.1% |
| 11/8/2024 | 6.8% | 3.9% | -1.3% |
| 8/2/2024 | 3.1% | 8.6% | 19.6% |
| 5/3/2024 | -8.0% | -2.1% | -4.1% |
| 2/14/2024 | -1.3% | 0.5% | 18.1% |
| 11/3/2023 | 2.1% | -5.2% | 15.8% |
| 8/9/2023 | 2.0% | 1.3% | -1.0% |
| SUMMARY STATS | |||
| # Positive | 8 | 8 | 6 |
| # Negative | 5 | 5 | 7 |
| Median Positive | 3.0% | 4.1% | 17.0% |
| Median Negative | -6.1% | -5.2% | -4.1% |
| Max Positive | 6.8% | 16.9% | 19.7% |
| Max Negative | -17.0% | -13.5% | -27.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/07/2026 | 10-Q |
| 03/31/2026 | 05/01/2026 | 10-Q |
| 12/31/2025 | 02/13/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 02/21/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/14/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/26/2023 | 424B4 |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/07/2026 | 10-Q |
| 03/31/2026 | 05/01/2026 | 10-Q |
| 12/31/2025 | 02/13/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 02/21/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/14/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/26/2023 | 424B4 |
Recent Forward Guidance
Updated 11/2/2026Latest: Q2 2026 Earnings Reported 8/7/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Total company Net sales | Reported | 1.98 Bil | 2.00 Bil | 2.03 Bil | 1.1% | Raised | Guidance: 1.98 Bil for 2026 | |
| 2026 Power Solutions segment net sales | Reported | 1.82 Bil | 1.84 Bil | 1.86 Bil | 1.2% | Raised | Guidance: 1.82 Bil for 2026 | |
| 2026 Industrial Solutions segment net sales | Reported | 155.00 Mil | 160.00 Mil | 165.00 Mil | 0 | Affirmed | Guidance: 160.00 Mil for 2026 | |
| 2026 Adjusted EBITDA margin | Reported | 19.75% | 20.0% | 20.25% | 0 | Affirmed | Guidance: 20.0% for 2026 | |
| 2026 Adjusted earnings per share | Reported | 2.85 | 2.93 | 3 | 1.7% | Raised | Guidance: 2.88 for 2026 | |
Prior: Q1 2026 Earnings Reported 5/1/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 1.95 Bil | 1.98 Bil | 2.02 Bil | 0 | Affirmed | Guidance: 1.98 Bil for 2026 | |
| 2026 Power Solutions segment net sales | Reported | 1.79 Bil | 1.82 Bil | 1.85 Bil | 0 | Affirmed | Guidance: 1.82 Bil for 2026 | |
| 2026 Industrial Solutions segment net sales | Reported | 155.00 Mil | 160.00 Mil | 165.00 Mil | 0 | Affirmed | Guidance: 160.00 Mil for 2026 | |
| 2026 Adjusted EBITDA margin | Reported | 19.5% | 20.0% | 20.5% | 0 | Affirmed | Guidance: 20.0% for 2026 | |
| 2026 Adjusted earnings per share | Reported | 2.75 | 2.88 | 3 | 0 | Affirmed | Guidance: 2.88 for 2026 | |
Q4 2025 Earnings Reported 2/13/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Total Company Revenue | Reported | 1.95 Bil | 1.98 Bil | 2.02 Bil | 14.3% | Higher New | Guidance: 1.73 Bil for 2025 | |
| 2026 Power Solutions Segment Revenue | Reported | 1.79 Bil | 1.82 Bil | 1.85 Bil | ||||
| 2026 Industrial Solutions Segment Revenue | Reported | 155.00 Mil | 160.00 Mil | 165.00 Mil | ||||
| 2026 Adjusted EBITDA Margin | Reported | 19.5% | 20.0% | 20.5% | 0.2% | Higher New | Guidance: 19.75% for 2025 | |
| 2026 Adjusted Earnings Per Share | Reported | 2.75 | 2.88 | 3 | 11.7% | Higher New | Guidance: 2.58 for 2025 | |
Q3 2025 Earnings Reported 11/7/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Revenue | Reported | 1.72 Bil | 1.73 Bil | 1.75 Bil | 1.3% | Raised | Guidance: 1.71 Bil for 2025 | |
| 2025 Adjusted EBITDA margin | Reported | 19.5% | 19.75% | 20.0% | 0.1% | Raised | Guidance: 19.63% for 2025 | |
| 2025 Adjusted earnings per share | Reported | 2.5 | 2.58 | 2.65 | 3.0% | Raised | Guidance: 2.5 for 2025 | |
Insider Activity
Updated 8/18/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Swan, Renee | Chief People Officer | Direct | Sell | 8182026 | 50.89 | 3,870 | 196,956 | 2,385,609 | Form |
| 2 | MacAdam, Stephen E | Direct | Buy | 8132026 | 49.78 | 2,000 | 99,551 | 2,020,292 | Form | |
| 3 | Swan, Renee | Chief People Officer | Direct | Sell | 6022026 | 45.25 | 2,566 | 116,104 | 2,296,059 | Form |
| 4 | Masters, Charles | Senior Vice President | Direct | Sell | 6022026 | 45.25 | 2,890 | 130,764 | 1,971,819 | Form |
| 5 | Kienzler, Jack | Chief Financial Officer | Direct | Sell | 6022026 | 45.25 | 5,132 | 232,208 | 3,429,904 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Swan, Renee | Chief People Officer | Direct | Sell | 8182026 | 50.89 | 3,870 | 196,956 | 2,385,609 | Form |
| 2 | MacAdam, Stephen E | Direct | Buy | 8132026 | 49.78 | 2,000 | 99,551 | 2,020,292 | Form | |
| 3 | Swan, Renee | Chief People Officer | Direct | Sell | 6022026 | 45.25 | 2,566 | 116,104 | 2,296,059 | Form |
| 4 | Masters, Charles | Senior Vice President | Direct | Sell | 6022026 | 45.25 | 2,890 | 130,764 | 1,971,819 | Form |
| 5 | Kienzler, Jack | Chief Financial Officer | Direct | Sell | 6022026 | 45.25 | 5,132 | 232,208 | 3,429,904 | Form |
| 6 | Disher, Stephanie | Chief Executive Officer | Direct | Sell | 6022026 | 45.25 | 25,652 | 1,160,676 | 16,425,747 | Form |
| 7 | Haggerty, Gretchen R | Direct | Buy | 5132026 | 55.74 | 1,973 | 109,999 | 1,434,870 | Form | |
| 8 | Donoso, Diego | Direct | Sell | 11192025 | 48.84 | 20 | 977 | 442,393 | Form | |
| 9 | Donoso, Diego | Direct | Buy | 11192025 | 45.81 | 15 | 687 | 415,863 | Form | |
| 10 | Donoso, Diego | Direct | Buy | 11192025 | 45.00 | 25 | 1,125 | 407,835 | Form | |
| 11 | Donoso, Diego | Direct | Sell | 11192025 | 37.79 | 40 | 1,512 | 341,546 | Form |
Investor Activity (13F)
Updated Nov 5, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Industrial Machinery & Supplies & Components Resources |
| Machine Design |
| Modern Machine Shop |
| Industrial Equipment News (IEN) |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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