Handelsbanken Fonder AB Sells 900 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Handelsbanken Fonder AB decreased its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 3.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 24,100 shares of the company’s stock after selling 900 shares during the period. Handelsbanken Fonder AB’s holdings in Atmus Filtration Technologies were worth $944,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Glenmede Trust Co. NA boosted its stake in Atmus Filtration Technologies by 0.7% during the third quarter. Glenmede Trust Co. NA now owns 41,275 shares of the company’s stock valued at $1,549,000 after buying an additional 303 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in Atmus Filtration Technologies by 4.6% during 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. Geneos Wealth Management Inc. bought a new stake in Atmus Filtration Technologies during the fourth quarter worth about $26,000. KBC Group NV lifted its stake in 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 during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Atmus Filtration Technologies by 333.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock worth $45,000 after purchasing an additional 876 shares during the last quarter. Institutional investors own 32.73% of the company’s stock.

Analyst Ratings Changes

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

Atmus Filtration Technologies Trading Down 0.8 %

NYSE ATMU opened at $38.67 on Friday. Atmus Filtration Technologies Inc. has a 1-year low of $22.81 and a 1-year high of $45.43. 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 stock has a 50-day moving average of $40.28 and a 200-day moving average of $39.12. The firm has a market cap of $3.21 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 3.99 and a beta of 1.80.

Atmus Filtration Technologies (NYSE:ATMU) last released its earnings results on Friday, February 21st. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $406.70 million during the quarter, compared to analyst estimates of $399.24 million. As a group, sell-side analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a yield of 0.52%. Atmus Filtration Technologies’s dividend payout ratio is presently 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.