US Bancorp DE Has $291,000 Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

US Bancorp DE cut its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 47.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,436 shares of the company’s stock after selling 6,805 shares during the quarter. US Bancorp DE’s holdings in Atmus Filtration Technologies were worth $291,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Glenmede Trust Co. NA boosted its stake in Atmus Filtration Technologies by 0.7% in 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 in the last quarter. Geneos Wealth Management Inc. bought a new position in Atmus Filtration Technologies in the fourth quarter valued at about $26,000. KBC Group NV raised its position in Atmus Filtration Technologies by 42.1% in the third quarter. KBC Group NV now owns 2,424 shares of the company’s stock valued at $91,000 after purchasing an additional 718 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Atmus Filtration Technologies by 333.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock valued at $45,000 after purchasing an additional 876 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Atmus Filtration Technologies by 9.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,177 shares of the company’s stock valued at $645,000 after purchasing an additional 1,442 shares during the last quarter. 32.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Wells Fargo & Company dropped their target price 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, February 24th. Robert W. Baird dropped their target price on Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Atmus Filtration Technologies Price Performance

Shares of ATMU opened at $35.75 on Friday. Atmus Filtration Technologies Inc. has a 1 year low of $25.51 and a 1 year high of $45.43. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 16.17, a price-to-earnings-growth ratio of 3.99 and a beta of 1.83. The business has a 50-day moving average of $39.97 and a 200-day moving average of $39.41.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings data on Friday, February 21st. The company reported $0.58 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $399.24 million. As a group, equities research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th will be issued a $0.05 dividend. 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 0.56%. Atmus Filtration Technologies’s payout ratio is currently 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.