Atmus Filtration Technologies (NYSE:ATMU) Sets New 52-Week High at $35.88

Atmus Filtration Technologies Inc. (NYSE:ATMU) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $35.88 and last traded at $35.64, with a volume of 110788 shares. The stock had previously closed at $35.33.

Analysts Set New Price Targets

Separately, Robert W. Baird boosted their price objective on Atmus Filtration Technologies from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Atmus Filtration Technologies has an average rating of “Buy” and an average price target of $35.80.

Atmus Filtration Technologies Stock Up 0.5 %

The company has a market cap of $2.96 billion, a price-to-earnings ratio of 18.03, a P/E/G ratio of 3.98 and a beta of 1.75. The company has a current ratio of 2.07, a quick ratio of 1.30 and a debt-to-equity ratio of 3.28. The business has a fifty day moving average price of $32.15 and a two-hundred day moving average price of $30.34.

Atmus Filtration Technologies (NYSE:ATMU) last issued its earnings results on Friday, August 2nd. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.13. The company had revenue of $432.60 million for the quarter, compared to the consensus estimate of $418.33 million. Atmus Filtration Technologies had a return on equity of 187.12% and a net margin of 10.52%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 EPS. On average, equities analysts predict that Atmus Filtration Technologies Inc. will post 2.33 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Thursday, August 1st were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.56%. Atmus Filtration Technologies’s dividend payout ratio is 10.20%.

Insider Activity at Atmus Filtration Technologies

In other news, Director Gretchen R. Haggerty purchased 5,849 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was acquired at an average price of $34.20 per share, with a total value of $200,035.80. Following the purchase, the director now owns 19,882 shares in the company, valued at approximately $679,964.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Gretchen R. Haggerty bought 5,849 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was purchased at an average price of $34.20 per share, with a total value of $200,035.80. Following the completion of the transaction, the director now directly owns 19,882 shares of the company’s stock, valued at $679,964.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Stephen E. Macadam bought 8,250 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were bought at an average cost of $31.56 per share, with a total value of $260,370.00. Following the transaction, the director now directly owns 32,083 shares of the company’s stock, valued at $1,012,539.48. The disclosure for this purchase can be found here. 0.43% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Atmus Filtration Technologies

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Atmus Filtration Technologies by 366.5% during the first quarter. Vanguard Group Inc. now owns 8,080,641 shares of the company’s stock worth $260,601,000 after purchasing an additional 6,348,391 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Atmus Filtration Technologies by 1.1% during the fourth quarter. Franklin Resources Inc. now owns 2,602,746 shares of the company’s stock worth $61,139,000 after buying an additional 29,568 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Atmus Filtration Technologies by 38.7% during the first 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 last quarter. American Century Companies Inc. lifted its holdings in shares of Atmus Filtration Technologies by 2.8% during the second 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 last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Atmus Filtration Technologies by 0.7% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 1,946,220 shares of the company’s stock worth $45,717,000 after buying an additional 13,120 shares during the last quarter. Institutional investors own 32.73% of the company’s stock.

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.