Rhumbline Advisers Acquires 2,375 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Rhumbline Advisers lifted its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 2.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 115,176 shares of the company’s stock after buying an additional 2,375 shares during the period. Rhumbline Advisers’ holdings in Atmus Filtration Technologies were worth $4,513,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ATMU. Parsifal Capital Management LP lifted its holdings in shares of Atmus Filtration Technologies by 2.2% in the 3rd quarter. Parsifal Capital Management LP now owns 2,721,278 shares of the company’s stock valued at $102,130,000 after acquiring an additional 58,478 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Atmus Filtration Technologies by 1.7% during the 3rd quarter. Wellington Management Group LLP now owns 2,517,338 shares of the company’s stock worth $94,476,000 after purchasing an additional 43,004 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Atmus Filtration Technologies by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,894,740 shares of the company’s stock worth $71,123,000 after acquiring an additional 39,710 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Atmus Filtration Technologies by 27.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,266,648 shares of the company’s stock valued at $47,537,000 after buying an additional 272,890 shares in the last quarter. Finally, abrdn plc lifted its stake in shares of Atmus Filtration Technologies by 32.5% during the third quarter. abrdn plc now owns 725,732 shares of the company’s stock worth $27,237,000 after buying an additional 178,074 shares during the period. Institutional investors own 32.73% of the company’s stock.

Wall Street Analyst Weigh In

ATMU has been the subject of several recent research reports. Northland Securities lifted their target price on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Wells Fargo & Company cut their price objective on Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Robert W. Baird dropped their price target on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $43.00.

Atmus Filtration Technologies Stock Down 0.8 %

ATMU stock opened at $38.67 on Friday. The company’s 50 day moving average price is $40.29 and its 200 day moving average price is $39.12. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 3.99 and a beta of 1.80. Atmus Filtration Technologies Inc. has a fifty-two week low of $22.81 and a fifty-two week high of $45.43. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11.

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

Atmus Filtration Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Tuesday, March 4th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is currently 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.