Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lessened its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 0.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,893,412 shares of the company’s stock after selling 1,328 shares during the period. Geode Capital Management LLC’s holdings in Atmus Filtration Technologies were worth $74,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ATMU. Franklin Resources Inc. lifted its holdings in Atmus Filtration Technologies by 1.7% in the fourth quarter. Franklin Resources Inc. now owns 28,712 shares of the company’s stock valued at $1,125,000 after acquiring an additional 476 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Atmus Filtration Technologies by 1.3% in the 4th quarter. Alliancebernstein L.P. now owns 87,943 shares of the company’s stock valued at $3,446,000 after purchasing an additional 1,100 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in shares of Atmus Filtration Technologies by 9.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 10,017 shares of the company’s stock valued at $392,000 after purchasing an additional 869 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Atmus Filtration Technologies by 2,022.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 336,783 shares of the company’s stock worth $13,195,000 after buying an additional 320,917 shares in the last quarter. Finally, Okabena Investment Services Inc. acquired a new stake in Atmus Filtration Technologies during the fourth quarter valued at $629,000. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company lowered their target price on shares of Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Monday, February 24th. JPMorgan Chase & Co. lowered their price target on Atmus Filtration Technologies from $46.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Robert W. Baird cut their price objective on Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $41.20.

Atmus Filtration Technologies Trading Down 1.5 %

ATMU stock opened at $33.10 on Friday. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. The business’s 50-day moving average is $37.59 and its 200 day moving average is $39.56. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 3.99 and a beta of 1.78. Atmus Filtration Technologies Inc. has a 12-month low of $27.62 and a 12-month high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings data on Friday, February 21st. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The firm had revenue of $406.70 million during the quarter, compared to the consensus estimate of $399.24 million. On average, sell-side analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.60%. The ex-dividend date was Tuesday, March 4th. Atmus Filtration Technologies’s dividend payout ratio is currently 9.05%.

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.