GuruFocus - On August 7, 2024, Stephen Macadam, a Director at Atmus Filtration Technologies Inc (NYSE:ATMU), purchased 8,250 shares of the company, as reported in a recent SEC Filing. This transaction increased the insider's holdings to 32,083 shares.
Atmus Filtration Technologies Inc (NYSE:ATMU) specializes in the design and manufacture of filtration systems and technologies for various industries, enhancing environmental sustainability and operational efficiency.
The shares were bought at a price of $31.56 each, valuing the transaction at approximately $260,370. This purchase follows a pattern of buying activity from the insider over the past year, totaling 13,450 shares acquired.
Insider transactions at Atmus Filtration Technologies Inc (NYSE:ATMU) over the past year show a trend of more buys than sells among insiders, with 2 insider buys and 0 insider sells.
On the day of the transaction, Atmus Filtration Technologies Inc (NYSE:ATMU) had a market cap of approximately $2.71 billion. The stock's price-earnings ratio was 14.76, below the industry median of 22.005, indicating a potentially undervalued status relative to its peers.
For more detailed valuation metrics such as price-sales ratio, price-book ratio, and price-to-free cash flow, investors are encouraged to visit the respective links.
This insider purchase could signal a positive outlook from the insider regarding the company's future performance.
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