Royce & Associates LP Reduces Stock Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Royce & Associates LP lowered its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 7.0% in the third quarter, Holdings Channel.com reports. The fund owned 727,254 shares of the company’s stock after selling 54,877 shares during the quarter. Royce & Associates LP’s holdings in Atmus Filtration Technologies were worth $27,294,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Atmus Filtration Technologies by 366.5% during the 1st quarter. Vanguard Group Inc. now owns 8,080,641 shares of the company’s stock valued at $260,601,000 after acquiring an additional 6,348,391 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Atmus Filtration Technologies by 38.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,088,496 shares of the company’s stock worth $67,355,000 after buying an additional 583,078 shares during the period. American Century Companies Inc. lifted its holdings in shares of Atmus Filtration Technologies by 2.8% in the 2nd quarter. American Century Companies Inc. now owns 1,981,937 shares of the company’s stock worth $57,040,000 after buying an additional 54,051 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Atmus Filtration Technologies by 26.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,153,484 shares of the company’s stock worth $43,290,000 after buying an additional 242,718 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Atmus Filtration Technologies by 83.5% in the 2nd quarter. Victory Capital Management Inc. now owns 1,125,679 shares of the company’s stock worth $32,397,000 after buying an additional 512,390 shares during the period. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Insider Buying and Selling at Atmus Filtration Technologies

In related news, Director Gretchen R. Haggerty bought 5,849 shares of the stock in a transaction dated Friday, August 23rd. The shares were purchased at an average price of $34.20 per share, for a total transaction of $200,035.80. Following the completion of the purchase, the director now directly owns 19,882 shares of the company’s stock, valued at $679,964.40. This represents a 41.68 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.43% of the company’s stock.

Atmus Filtration Technologies Trading Up 0.4 %

Shares of NYSE:ATMU opened at $43.26 on Friday. The business’s 50-day moving average is $38.43 and its 200 day moving average is $33.29. Atmus Filtration Technologies Inc. has a 1 year low of $20.44 and a 1 year high of $44.66. The firm has a market capitalization of $3.59 billion, a P/E ratio of 20.12, a P/E/G ratio of 4.79 and a beta of 1.68. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.30.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.09. The business had revenue of $404.00 million for the quarter, compared to the consensus estimate of $403.40 million. Atmus Filtration Technologies had a return on equity of 134.28% and a net margin of 10.84%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.52 EPS. On average, research analysts predict that Atmus Filtration Technologies Inc. will post 2.43 earnings per share for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.20 annualized dividend and a yield of 0.46%. Atmus Filtration Technologies’s payout ratio is presently 9.30%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Robert W. Baird boosted their price target on Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an “outperform” rating in a research report on Tuesday. Northland Securities boosted their price target on Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Wells Fargo & Company lowered Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $42.00 to $45.00 in a research report on Monday, November 11th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Atmus Filtration Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $44.80.

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.