Northern Trust Corp Increases Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Northern Trust Corp increased its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 12.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 828,257 shares of the company's stock after acquiring an additional 90,595 shares during the quarter. Northern Trust Corp owned about 1.00% of Atmus Filtration Technologies worth $32,451,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ATMU. Geneos Wealth Management Inc. acquired a new position in Atmus Filtration Technologies during the fourth quarter worth about $26,000. New Age Alpha Advisors LLC acquired a new position in shares of Atmus Filtration Technologies in the 4th quarter worth approximately $32,000. Nisa Investment Advisors LLC lifted its holdings in shares of Atmus Filtration Technologies by 333.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company's stock worth $45,000 after acquiring an additional 876 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Atmus Filtration Technologies by 295.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,368 shares of the company's stock worth $54,000 after acquiring an additional 1,022 shares during the last quarter. Finally, Quarry LP increased its stake in Atmus Filtration Technologies by 70.9% during the 4th quarter. Quarry LP now owns 1,993 shares of the company's stock worth $78,000 after buying an additional 827 shares during the period. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Atmus Filtration Technologies Stock Performance

NYSE:ATMU traded down $0.39 during trading hours on Friday, reaching $38.17. 230,282 shares of the company's stock were exchanged, compared to its average volume of 900,249. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 17.27, a P/E/G ratio of 3.99 and a beta of 1.81. The company has a 50-day moving average of $35.66 and a 200 day moving average of $38.97. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. Atmus Filtration Technologies Inc. has a 1-year low of $27.62 and a 1-year high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last released its earnings results on Friday, May 2nd. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.59 by $0.04. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. The company had revenue of $110.50 million during the quarter, compared to analysts' expectations of $424.03 million. During the same quarter last year, the business earned $0.60 EPS. The business's revenue was down 2.3% on a year-over-year basis. Research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were issued a $0.05 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. Atmus Filtration Technologies's dividend payout ratio is presently 9.05%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Robert W. Baird dropped their price objective on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. Wells Fargo & Company increased their target price on shares of Atmus Filtration Technologies from $35.00 to $37.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. increased their target price on shares of Atmus Filtration Technologies from $38.00 to $41.00 and gave the company an "overweight" rating in a research report on Monday, May 5th.

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.