NorthRock Partners LLC Makes New Investment in Atmus Filtration Technologies Inc. (NYSE:ATMU)

NorthRock Partners LLC acquired a new stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 9,947 shares of the company's stock, valued at approximately $390,000.

Several other institutional investors also recently modified their holdings of the business. Geneos Wealth Management Inc. purchased a new position in Atmus Filtration Technologies in the fourth quarter worth about $26,000. New Age Alpha Advisors LLC purchased a new position in Atmus Filtration Technologies in the fourth quarter worth about $32,000. Nisa Investment Advisors LLC boosted its position in Atmus Filtration Technologies by 333.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company's stock worth $45,000 after purchasing an additional 876 shares during the last quarter. Tower Research Capital LLC TRC boosted its position 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 purchasing an additional 1,022 shares during the last quarter. Finally, Quarry LP raised its stake in shares of Atmus Filtration Technologies by 70.9% in the fourth 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 owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ATMU. Wells Fargo & Company raised their price objective on Atmus Filtration Technologies from $35.00 to $37.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. Robert W. Baird decreased their price objective on Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. raised their price objective on Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th.

Atmus Filtration Technologies Price Performance

ATMU traded down $0.07 on Tuesday, hitting $38.25. 710,388 shares of the company's stock traded hands, compared to its average volume of 896,824. The company's 50 day simple moving average is $35.69 and its 200-day simple moving average is $38.96. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 17.31, a P/E/G ratio of 3.99 and a beta of 1.81. Atmus Filtration Technologies Inc. has a one year low of $27.62 and a one year high of $45.43. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued 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. The company 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 120.81% and a net margin of 11.12%. The firm's quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the company earned $0.60 EPS. As a group, research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The firm 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. This represents a $0.20 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Tuesday, March 4th. Atmus Filtration Technologies's dividend payout ratio (DPR) is presently 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.