Teachers Retirement System of The State of Kentucky Takes $876,000 Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Key Points

• The Teachers Retirement System of The State of Kentucky acquired 23,848 shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) valued at approximately $876,000 in its recent 13F filing.
• Analysts have mixed ratings on ATMU; while JPMorgan Chase raised its target price to $41.00, Goldman Sachs downgraded it to a "neutral" rating with a price objective of $39.00.
• Atmus Filtration Technologies recently announced a quarterly dividend of $0.05 per share, resulting in an annualized dividend yield of 0.52%.

Teachers Retirement System of The State of Kentucky bought a new position in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 23,848 shares of the company's stock, valued at approximately $876,000.

Several other hedge funds have also recently modified their holdings of the stock. Verdence Capital Advisors LLC purchased a new stake in shares of Atmus Filtration Technologies during the first quarter valued at $476,000. Victory Capital Management Inc. lifted its holdings in Atmus Filtration Technologies by 2.7% during the 1st quarter. Victory Capital Management Inc. now owns 692,669 shares of the company's stock valued at $25,442,000 after buying an additional 17,896 shares in the last quarter. Hohimer Wealth Management LLC lifted its holdings in Atmus Filtration Technologies by 4.5% during the 1st quarter. Hohimer Wealth Management LLC now owns 9,053 shares of the company's stock valued at $333,000 after buying an additional 386 shares in the last quarter. Xponance Inc. lifted its holdings in Atmus Filtration Technologies by 5.6% during the 1st quarter. Xponance Inc. now owns 6,792 shares of the company's stock valued at $249,000 after buying an additional 358 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in Atmus Filtration Technologies by 68.1% during the 1st quarter. Cerity Partners LLC now owns 12,844 shares of the company's stock valued at $472,000 after buying an additional 5,204 shares in the last quarter. Hedge funds and other institutional investors own 32.73% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group lowered shares of Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 price objective for the company. in a report on Tuesday, May 27th. JPMorgan Chase & Co. increased their target price 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. Finally, Wells Fargo & Company increased their target price on shares of Atmus Filtration Technologies from $37.00 to $39.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 1st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $42.80.

Atmus Filtration Technologies Stock Performance

ATMU traded up $0.50 during trading on Friday, reaching $38.54. 760,491 shares of the company's stock were exchanged, compared to its average volume of 668,019. Atmus Filtration Technologies Inc. has a 1 year low of $29.07 and a 1 year high of $45.43. The company has a debt-to-equity ratio of 2.12, a current ratio of 2.23 and a quick ratio of 1.46. The stock has a market capitalization of $3.19 billion, a P/E ratio of 15.24, a price-to-earnings-growth ratio of 4.78 and a beta of 1.64. The company's fifty day simple moving average is $36.91 and its 200-day simple moving average is $37.49.

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

Atmus Filtration Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Tuesday, June 3rd were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, June 3rd. This represents a $0.20 annualized dividend and a yield of 0.52%. Atmus Filtration Technologies's dividend payout ratio (DPR) 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.