Massachusetts Financial Services Co. MA Sells 28,449 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Massachusetts Financial Services Co. MA reduced its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 2.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,221,363 shares of the company's stock after selling 28,449 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.48% of Atmus Filtration Technologies worth $44,861,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. LPL Financial LLC lifted its holdings in Atmus Filtration Technologies by 3.3% in the fourth quarter. LPL Financial LLC now owns 10,102 shares of the company's stock valued at $396,000 after buying an additional 326 shares during the period. Summit Investment Advisors Inc. grew its holdings in Atmus Filtration Technologies by 3.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,766 shares of the company's stock worth $343,000 after acquiring an additional 330 shares during the last quarter. Xponance Inc. lifted its position in shares of Atmus Filtration Technologies by 5.6% in the 1st quarter. Xponance Inc. now owns 6,792 shares of the company's stock worth $249,000 after purchasing an additional 358 shares during the period. Hohimer Wealth Management LLC boosted its stake in Atmus Filtration Technologies by 4.5% during the first quarter. Hohimer Wealth Management LLC now owns 9,053 shares of the company's stock worth $333,000 after acquiring an additional 386 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in Atmus Filtration Technologies by 1.7% in the fourth quarter. Franklin Resources Inc. now owns 28,712 shares of the company's stock worth $1,125,000 after buying an additional 476 shares during the last quarter. 32.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on ATMU. Wells Fargo & Company raised their price target on shares of Atmus Filtration Technologies from $37.00 to $39.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 1st. The Goldman Sachs Group lowered shares of Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 price target for the company. in a report on Tuesday, May 27th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Atmus Filtration Technologies from $38.00 to $41.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $42.80.

Atmus Filtration Technologies Trading Up 0.2%

NYSE:ATMU opened at $37.65 on Friday. The business has a fifty day moving average of $36.88 and a 200-day moving average of $37.55. Atmus Filtration Technologies Inc. has a 1 year low of $29.07 and a 1 year high of $45.43. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 17.03, a PEG ratio of 4.66 and a beta of 1.64. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.46 and a current ratio of 2.23.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.04. The business had revenue of $110.50 million for the quarter, compared to the consensus estimate of $424.03 million. Atmus Filtration Technologies had a return on equity of 94.85% and a net margin of 11.14%. The firm's revenue was down 2.3% compared to the same quarter last year. During the same period last year, the business earned $0.60 EPS. Equities analysts predict that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Tuesday, June 3rd were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $0.20 annualized dividend and a dividend yield of 0.53%. Atmus Filtration Technologies's dividend payout ratio (DPR) is currently 9.05%.

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.

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