11,409 Shares in Atmus Filtration Technologies Inc. (NYSE:ATMU) Purchased by Perpetual Ltd

Perpetual Ltd bought a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,409 shares of the company's stock, valued at approximately $419,000.

A number of other large investors have also bought and sold shares of the stock. New Age Alpha Advisors LLC acquired a new position in shares of Atmus Filtration Technologies during the fourth quarter valued at about $32,000. Tower Research Capital LLC TRC boosted its holdings in Atmus Filtration Technologies by 295.4% in the fourth 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 in the last quarter. Quarry LP grew its stake in Atmus Filtration Technologies by 70.9% in the fourth quarter. Quarry LP now owns 1,993 shares of the company's stock valued at $78,000 after acquiring an additional 827 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of Atmus Filtration Technologies by 43.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 2,660 shares of the company's stock valued at $104,000 after acquiring an additional 800 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Atmus Filtration Technologies in the 4th quarter worth $104,000. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Atmus Filtration Technologies Stock Up 0.1%

ATMU traded up $0.04 during mid-day trading on Wednesday, reaching $37.34. 250,047 shares of the stock were exchanged, compared to its average volume of 853,594. The company has a 50 day moving average price of $36.24 and a two-hundred day moving average price of $37.65. The stock has a market capitalization of $3.09 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 4.55 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 Inc. has a 1 year low of $27.72 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.04. Atmus Filtration Technologies had a return on equity of 94.85% and a net margin of 11.14%. The company had revenue of $110.50 million during the quarter, compared to analyst estimates of $424.03 million. During the same period in the prior year, the company posted $0.60 earnings per share. Atmus Filtration Technologies's quarterly revenue was down 2.3% on a year-over-year basis. As a group, 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, June 18th. Investors of record on Tuesday, June 3rd were issued a $0.05 dividend. The ex-dividend date was Tuesday, June 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. Atmus Filtration Technologies's dividend payout ratio (DPR) is presently 9.05%.

Atmus Filtration Technologies 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.