Atmus Filtration Technologies Inc. (NYSE:ATMU) Position Lowered by Swiss National Bank

Swiss National Bank trimmed its position in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 0.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 162,749 shares of the company’s stock after selling 1,200 shares during the period. Swiss National Bank owned 0.20% of Atmus Filtration Technologies worth $6,108,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ATMU. Quarry LP acquired a new position in Atmus Filtration Technologies in the second quarter worth $29,000. GAMMA Investing LLC boosted its holdings in shares of Atmus Filtration Technologies by 89.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,641 shares of the company’s stock valued at $62,000 after buying an additional 774 shares during the period. Rothschild Investment LLC bought a new stake in shares of Atmus Filtration Technologies during the 2nd quarter valued at about $68,000. KBC Group NV raised 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 acquiring an additional 718 shares during the period. Finally, nVerses Capital LLC bought a new position in Atmus Filtration Technologies in the second quarter worth about $115,000. 32.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. upped their target price on Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Wells Fargo & Company downgraded Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $42.00 to $45.00 in a research note on Monday, November 11th. Northland Securities raised their target price on Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Robert W. Baird upped their price target on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $44.80.

Atmus Filtration Technologies Stock Down 0.8 %

Shares of Atmus Filtration Technologies stock opened at $43.72 on Wednesday. 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 Inc. has a 1-year low of $21.09 and a 1-year high of $45.43. The business’s fifty day moving average price is $39.85 and its two-hundred day moving average price is $34.09. The company has a market capitalization of $3.63 billion, a P/E ratio of 20.33, a PEG ratio of 4.84 and a beta of 1.68.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.09. The business had revenue of $404.00 million during the quarter, compared to the consensus estimate of $403.40 million. Atmus Filtration Technologies had a net margin of 10.84% and a return on equity of 134.28%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 earnings per share. As a group, research analysts forecast that Atmus Filtration Technologies Inc. will post 2.45 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Thursday, October 31st were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Thursday, October 31st. Atmus Filtration Technologies’s dividend payout ratio (DPR) is presently 9.30%.

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.