Atmus Filtration Technologies Insiders Placed Bullish Bets Worth US$561.7k

Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of Atmus Filtration Technologies Inc. (NYSE:ATMU), it sends a favourable message to the company's shareholders.

While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.

Check out our latest analysis for Atmus Filtration Technologies

The Last 12 Months Of Insider Transactions At Atmus Filtration Technologies

Over the last year, we can see that the biggest insider purchase was by Independent Non-Executive Chairman Stephen Macadam for US$260k worth of shares, at about US$31.56 per share. Even though the purchase was made at a significantly lower price than the recent price (US$35.08), we still think insider buying is a positive. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

In the last twelve months Atmus Filtration Technologies insiders were buying shares, but not selling. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Atmus Filtration Technologies is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Insiders At Atmus Filtration Technologies Have Bought Stock Recently

Over the last quarter, Atmus Filtration Technologies insiders have spent a meaningful amount on shares. Not only was there no selling that we can see, but they collectively bought US$460k worth of shares. This makes one think the business has some good points.

Insider Ownership Of Atmus Filtration Technologies

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Atmus Filtration Technologies insiders own 0.5% of the company, worth about US$14m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Atmus Filtration Technologies Insiders?

The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest Atmus Filtration Technologies insiders are well aligned, and that they may think the share price is too low. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Atmus Filtration Technologies. At Simply Wall St, we found 1 warning sign for Atmus Filtration Technologies that deserve your attention before buying any shares.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.