667,495 Shares in Atmus Filtration Technologies Inc. (NYSE:ATMU) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) in the fourth quarter, Holdings Channel.com reports. The firm acquired 667,495 shares of the company’s stock, valued at approximately $26,152,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ATMU. JPMorgan Chase & Co. grew its position in shares of Atmus Filtration Technologies by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 286,098 shares of the company’s stock valued at $10,737,000 after purchasing an additional 21,687 shares in the last quarter. Norges Bank purchased a new position in Atmus Filtration Technologies during the 4th quarter valued at about $8,839,000. Assenagon Asset Management S.A. bought a new stake in shares of Atmus Filtration Technologies during the fourth quarter valued at about $14,877,000. Geode Capital Management LLC lifted its holdings in shares of Atmus Filtration Technologies by 2.1% in the third quarter. Geode Capital Management LLC now owns 1,894,740 shares of the company’s stock worth $71,123,000 after buying an additional 39,710 shares in the last quarter. Finally, Tidal Investments LLC purchased a new stake in shares of Atmus Filtration Technologies in the third quarter worth about $552,000. Institutional investors own 32.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ATMU shares. Wells Fargo & Company decreased 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 report on Monday, February 24th. Robert W. Baird lowered their price objective on Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. reduced their target price on Atmus Filtration Technologies from $46.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, April 11th.

Atmus Filtration Technologies Price Performance

ATMU stock opened at $33.34 on Friday. The firm has a 50 day simple moving average of $37.01 and a two-hundred day simple moving average of $39.44. The stock has a market cap of $2.76 billion, a PE ratio of 15.09, a P/E/G ratio of 3.99 and a beta of 1.78. Atmus Filtration Technologies Inc. has a one year low of $27.62 and a one 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.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Friday, February 21st. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. The company had revenue of $406.70 million during the quarter, compared to analyst estimates of $399.24 million. On average, analysts predict that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.60%. Atmus Filtration Technologies’s dividend payout ratio is 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.