Atmus Filtration Technologies Inc. (NYSE:ATMU) Position Reduced by Nuveen Asset Management LLC

Nuveen Asset Management LLC lowered its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 7.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,855,185 shares of the company's stock after selling 139,509 shares during the period. Nuveen Asset Management LLC owned 2.23% of Atmus Filtration Technologies worth $72,686,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of ATMU. Norges Bank bought a new position in Atmus Filtration Technologies in the fourth quarter valued at approximately $8,839,000. Assenagon Asset Management S.A. bought a new position in shares of Atmus Filtration Technologies during the 4th quarter worth approximately $14,877,000. LPL Financial LLC increased its position in Atmus Filtration Technologies by 3.3% in the 4th quarter. LPL Financial LLC now owns 10,102 shares of the company's stock valued at $396,000 after buying an additional 326 shares in the last quarter. AlphaQuest LLC bought a new position in shares of Atmus Filtration Technologies in the fourth quarter valued at $502,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Atmus Filtration Technologies by 72.4% during the fourth quarter. Bank of New York Mellon Corp now owns 528,398 shares of the company's stock valued at $20,703,000 after buying an additional 221,853 shares during the last quarter. Institutional investors and hedge funds own 32.73% of the company's stock.

Atmus Filtration Technologies Stock Down 0.2%

Shares of ATMU traded down $0.07 during midday trading on Tuesday, hitting $38.25. 710,388 shares of the company's stock traded hands, compared to its average volume of 895,718. Atmus Filtration Technologies Inc. has a 1 year low of $27.62 and a 1 year high of $45.43. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 3.99 and a beta of 1.81. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. The firm's fifty day moving average is $35.69 and its 200-day moving average is $38.96.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.04. The company had revenue of $110.50 million for the quarter, compared to analysts' expectations of $424.03 million. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. Atmus Filtration Technologies's revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 EPS. As a group, sell-side analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend 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 payout ratio is currently 9.05%.

Analysts Set New Price Targets

A number of research analysts have recently commented on ATMU shares. Wells Fargo & Company upped their price target on 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. JPMorgan Chase & Co. raised their price objective on Atmus Filtration Technologies from $38.00 to $41.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Finally, Robert W. Baird cut their price objective on 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.

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.