NorthRock Partners LLC Acquires Shares of 9,947 Atmus Filtration Technologies Inc. (NYSE:ATMU)

NorthRock Partners LLC bought a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,947 shares of the company's stock, valued at approximately $390,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. purchased a new stake in Atmus Filtration Technologies in the 4th quarter worth approximately $14,877,000. Nisa Investment Advisors LLC grew its position in shares of Atmus Filtration Technologies by 333.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company's stock valued at $45,000 after purchasing an additional 876 shares during the period. Geneos Wealth Management Inc. purchased a new stake in shares of Atmus Filtration Technologies in the fourth quarter valued at $26,000. KBC Group NV increased its stake in Atmus Filtration Technologies by 67.9% in the fourth quarter. KBC Group NV now owns 4,070 shares of the company's stock valued at $159,000 after purchasing an additional 1,646 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in Atmus Filtration Technologies by 403.3% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 75,500 shares of the company's stock valued at $2,958,000 after purchasing an additional 60,500 shares during the last quarter. Institutional investors and hedge funds own 32.73% of the company's stock.

Atmus Filtration Technologies Trading Down 1.8%

ATMU stock traded down $0.70 during trading on Thursday, reaching $37.02. 76,268 shares of the stock traded hands, compared to its average volume of 892,842. The firm has a market capitalization of $3.06 billion, a PE ratio of 16.76, a P/E/G ratio of 3.99 and a beta of 1.81. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35. The business's 50 day moving average price is $35.76 and its 200-day moving average price is $38.94. Atmus Filtration Technologies Inc. has a 52-week low of $27.62 and a 52-week high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last released its quarterly earnings data 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 business had revenue of $110.50 million for the quarter, compared to analyst estimates of $424.03 million. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The company's revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 EPS. As a group, sell-side analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Tuesday, June 3rd will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.54%. Atmus Filtration Technologies's dividend payout ratio is currently 9.05%.

Wall Street Analyst Weigh In

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

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.