Prentiss Smith & Co. Inc. Acquires New Stake in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Prentiss Smith & Co. Inc. purchased a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) in the third quarter, HoldingsChannel.com reports. The firm purchased 107,750 shares of the company’s stock, valued at approximately $4,044,000. Atmus Filtration Technologies comprises 2.6% of Prentiss Smith & Co. Inc.’s portfolio, making the stock its 14th biggest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in ATMU. Investment Research & Advisory Group Inc. bought a new position in Atmus Filtration Technologies in the 1st quarter valued at about $26,000. GAMMA Investing LLC lifted its position in Atmus Filtration Technologies by 103.8% in the 1st quarter. GAMMA Investing LLC now owns 868 shares of the company’s stock valued at $28,000 after acquiring an additional 442 shares in the last quarter. Evermay Wealth Management LLC bought a new position in Atmus Filtration Technologies in the 1st quarter valued at about $29,000. Quarry LP bought a new position in Atmus Filtration Technologies in the 2nd quarter valued at about $29,000. Finally, Rothschild Investment LLC bought a new position in Atmus Filtration Technologies in the 2nd quarter valued at about $68,000. Institutional investors own 32.73% of the company’s stock.

Insider Transactions at Atmus Filtration Technologies

In related news, Director Stephen E. Macadam acquired 8,250 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was bought at an average cost of $31.56 per share, with a total value of $260,370.00. Following the acquisition, the director now owns 32,083 shares of the company’s stock, valued at approximately $1,012,539.48. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Gretchen R. Haggerty purchased 5,849 shares of Atmus Filtration Technologies stock in a transaction that occurred on Friday, August 23rd. The shares were bought at an average price of $34.20 per share, for a total transaction 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. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stephen E. Macadam purchased 8,250 shares of Atmus Filtration Technologies stock in a transaction that occurred on Wednesday, August 7th. The shares were bought at an average price of $31.56 per share, for a total transaction 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. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.43% of the stock is currently owned by insiders.

Atmus Filtration Technologies Price Performance

Shares of NYSE ATMU traded down $0.63 during mid-day trading on Monday, reaching $39.16. 203,666 shares of the company were exchanged, compared to its average volume of 1,917,771. Atmus Filtration Technologies Inc. has a 52 week low of $18.21 and a 52 week high of $40.29. The company has a quick ratio of 1.30, a current ratio of 2.07 and a debt-to-equity ratio of 3.28. The stock has a market capitalization of $3.26 billion, a PE ratio of 20.24, a PEG ratio of 4.40 and a beta of 1.75. The company’s 50 day moving average price is $35.89 and its 200 day moving average price is $32.15.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings data on Friday, August 2nd. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.13. Atmus Filtration Technologies had a net margin of 10.52% and a return on equity of 187.12%. The company had revenue of $432.60 million during the quarter, compared to the consensus estimate of $418.33 million. During the same period in the previous year, the firm posted $0.63 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year. Sell-side analysts forecast that Atmus Filtration Technologies Inc. will post 2.33 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Thursday, October 31st. Atmus Filtration Technologies’s dividend payout ratio is currently 10.20%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Northland Securities raised their price target on shares of Atmus Filtration Technologies from $38.00 to $49.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. lifted their target price on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Wells Fargo & Company lifted their target price on shares of Atmus Filtration Technologies from $36.00 to $42.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Finally, Robert W. Baird lifted their target price on shares of Atmus Filtration Technologies from $37.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Atmus Filtration Technologies has a consensus rating of “Buy” and an average price target of $42.80.

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.