Okabena Investment Services Inc. Buys Shares of 16,050 Atmus Filtration Technologies Inc. (NYSE:ATMU)

Okabena Investment Services Inc. purchased a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 16,050 shares of the company’s stock, valued at approximately $629,000.

Other hedge funds also recently made changes to their positions in the company. Glenmede Trust Co. NA grew its holdings in Atmus Filtration Technologies by 0.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 41,275 shares of the company’s stock worth $1,549,000 after buying an additional 303 shares in the last quarter. LPL Financial LLC grew its stake in shares of Atmus Filtration Technologies by 3.3% in the fourth quarter. LPL Financial LLC now owns 10,102 shares of the company’s stock worth $396,000 after purchasing an additional 326 shares in the last quarter. Jag Capital Management LLC increased its holdings in shares of Atmus Filtration Technologies by 8.1% during the fourth quarter. Jag Capital Management LLC now owns 7,653 shares of the company’s stock valued at $300,000 after purchasing an additional 571 shares during the period. Geneos Wealth Management Inc. acquired a new stake in Atmus Filtration Technologies in the fourth quarter worth about $26,000. Finally, Daiwa Securities Group Inc. boosted its stake in Atmus Filtration Technologies by 43.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 2,660 shares of the company’s stock valued at $104,000 after purchasing an additional 800 shares in the last quarter. Institutional investors own 32.73% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ATMU. JPMorgan Chase & Co. lifted their price target on Atmus Filtration Technologies from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Thursday. Robert W. Baird dropped their target price on shares of 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, Wells Fargo & Company reduced their price target on shares of Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating for the company in a research report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Atmus Filtration Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $42.80.

Atmus Filtration Technologies Trading Down 1.4 %

Shares of NYSE:ATMU opened at $37.57 on Friday. The firm has a fifty day moving average of $39.45 and a two-hundred day moving average of $39.69. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. Atmus Filtration Technologies Inc. has a 12-month low of $27.62 and a 12-month high of $45.43. The firm has a market capitalization of $3.13 billion, a P/E ratio of 17.00, a price-to-earnings-growth ratio of 3.99 and a beta of 1.83.

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

Atmus Filtration Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Tuesday, March 4th. Atmus Filtration Technologies’s dividend payout ratio is 9.05%.

About Atmus Filtration Technologies

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.