Oppenheimer Asset Management Inc. Makes New $220,000 Investment in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Oppenheimer Asset Management Inc. acquired a new position in Atmus Filtration Technologies Inc. (NYSE:ATMU) in the 2nd quarter, Holdings Channel reports. The firm acquired 7,661 shares of the company’s stock, valued at approximately $220,000.

Other institutional investors have also added to or reduced their stakes in the company. Investment Research & Advisory Group Inc. bought a new position in Atmus Filtration Technologies in the 1st quarter worth $26,000. GAMMA Investing LLC raised its holdings in Atmus Filtration Technologies by 103.8% in the 1st quarter. GAMMA Investing LLC now owns 868 shares of the company’s stock worth $28,000 after purchasing an additional 442 shares in the last quarter. Evermay Wealth Management LLC bought a new position in Atmus Filtration Technologies in the 1st quarter worth $29,000. Rothschild Investment LLC bought a new position in Atmus Filtration Technologies in the 2nd quarter worth $68,000. Finally, CVA Family Office LLC bought a new position in Atmus Filtration Technologies in the 1st quarter worth $85,000. 32.73% of the stock is currently owned by institutional investors.

Insider Activity at Atmus Filtration Technologies

In other news, Director Gretchen R. Haggerty acquired 5,849 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were bought at an average cost of $34.20 per share, with a total value of $200,035.80. Following the transaction, the director now owns 19,882 shares of the company’s stock, valued at approximately $679,964.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Stephen E. Macadam acquired 8,250 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were bought at an average cost of $31.56 per share, with a total value of $260,370.00. Following the transaction, the director now owns 32,083 shares of the company’s stock, valued at approximately $1,012,539.48. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gretchen R. Haggerty purchased 5,849 shares of Atmus Filtration Technologies stock in a transaction dated Friday, August 23rd. The stock was bought at an average price of $34.20 per share, with a total value of $200,035.80. Following the completion of the purchase, the director now directly owns 19,882 shares of the company’s stock, valued at $679,964.40. The disclosure for this purchase can be found here. 0.43% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Robert W. Baird upped their price objective on shares of Atmus Filtration Technologies from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $35.80.

Atmus Filtration Technologies Stock Up 1.2 %

Shares of Atmus Filtration Technologies stock opened at $37.15 on Monday. The company has a debt-to-equity ratio of 3.28, a current ratio of 2.07 and a quick ratio of 1.30. The company has a 50-day moving average of $32.90 and a 200 day moving average of $30.79. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 3.98 and a beta of 1.75. Atmus Filtration Technologies Inc. has a 1 year low of $18.21 and a 1 year high of $37.84.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings results on Friday, August 2nd. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.13. The company had revenue of $432.60 million during the quarter, compared to analyst estimates of $418.33 million. Atmus Filtration Technologies had a net margin of 10.52% and a return on equity of 187.12%. Atmus Filtration Technologies’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the business earned $0.63 EPS. As a group, sell-side analysts anticipate that Atmus Filtration Technologies Inc. will post 2.33 earnings per share for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Thursday, August 1st were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Thursday, August 1st. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 10.20%.

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.