22,137 Shares in Atmus Filtration Technologies Inc. (NYSE:ATMU) Bought by Intech Investment Management LLC

Intech Investment Management LLC bought a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) during the 3rd quarter, Holdings Channel.com reports. The fund bought 22,137 shares of the company’s stock, valued at approximately $831,000.

A number of other large investors have also added to or reduced their stakes in ATMU. ProShare Advisors LLC boosted its holdings in shares of Atmus Filtration Technologies by 3.1% in the 2nd quarter. ProShare Advisors LLC now owns 11,282 shares of the company’s stock valued at $325,000 after buying an additional 344 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in Atmus Filtration Technologies by 2.8% in the second quarter. Crossmark Global Holdings Inc. now owns 12,999 shares of the company’s stock valued at $374,000 after acquiring an additional 355 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Atmus Filtration Technologies by 4.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 14,256 shares of the company’s stock worth $535,000 after purchasing an additional 626 shares during the last quarter. KBC Group NV increased its position in shares of Atmus Filtration Technologies by 42.1% during the third quarter. KBC Group NV now owns 2,424 shares of the company’s stock worth $91,000 after purchasing an additional 718 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Atmus Filtration Technologies by 89.3% during the third quarter. GAMMA Investing LLC now owns 1,641 shares of the company’s stock worth $62,000 after purchasing an additional 774 shares in the last quarter. 32.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Wells Fargo & Company downgraded Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $42.00 to $45.00 in a research note on Monday, November 11th. Northland Securities lifted their price objective on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. upped their target price on Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Finally, Robert W. Baird lifted their price target on Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $44.80.

Atmus Filtration Technologies Trading Down 1.5 %

Shares of Atmus Filtration Technologies stock opened at $43.06 on Friday. Atmus Filtration Technologies Inc. has a 1 year low of $21.09 and a 1 year high of $45.43. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35. The stock has a market cap of $3.58 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 4.80 and a beta of 1.68. The firm has a fifty day moving average price of $40.12 and a 200 day moving average price of $34.22.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.09. The business had revenue of $404.00 million during the quarter, compared to analysts’ expectations of $403.40 million. Atmus Filtration Technologies had a return on equity of 134.28% and a net margin of 10.84%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 EPS. Equities research analysts predict that Atmus Filtration Technologies Inc. will post 2.45 earnings per share for the current year.

Atmus Filtration Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Thursday, October 31st were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.46%. Atmus Filtration Technologies’s payout ratio is 9.30%.

Atmus Filtration Technologies Company Profile

Atmus Filtration Technologies Inc designs, manufactures, and sells filtration products under the Fleetguard brand name in North America, Europe, South America, Asia, Australia, Africa, and internationally. The company offers fuel filters, lube filters, air filters, crankcase ventilation, hydraulic filters, coolants, and fuel additives, as well as other chemicals; and fuel water separators and other filtration systems to original equipment manufacturers, dealers/distributors, and end-users.