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Potential Atmus Filtration Technologies Inc. (NYSE:ATMU) shareholders may wish to note that the Independent Non-Executive Chairman, Stephen Macadam, recently bought US$260k worth of stock, paying US$31.56 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 84%, potentially signalling some real optimism.
See our latest analysis for Atmus Filtration Technologies
Atmus Filtration Technologies Insider Transactions Over The Last Year
In fact, the recent purchase by Stephen Macadam was the biggest purchase of Atmus Filtration Technologies shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of US$32.70 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Atmus Filtration Technologies insider decided to buy shares at close to current prices. The only individual insider to buy over the last year was Stephen Macadam.
Stephen Macadam bought 13.45k shares over the last 12 months at an average price of US$26.89. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Atmus Filtration Technologies insiders own 0.4% of the company, worth about US$11m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Atmus Filtration Technologies Tell Us?
It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. Given that insiders also own a fair bit of Atmus Filtration Technologies we think they are probably pretty confident of a bright future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. In terms of investment risks, we've identified 1 warning sign with Atmus Filtration Technologies and understanding this should be part of your investment process.