Atmus Filtration Technologies Inc. (NYSE:ATMU) Holdings Lowered by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC cut its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,154 shares of the company’s stock after selling 2,963 shares during the period. Moody Aldrich Partners LLC’s holdings in Atmus Filtration Technologies were worth $5,860,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. ProShare Advisors LLC lifted its position in Atmus Filtration Technologies by 3.1% in the second quarter. ProShare Advisors LLC now owns 11,282 shares of the company’s stock worth $325,000 after purchasing an additional 344 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in shares of Atmus Filtration Technologies by 2.8% in the second quarter. Crossmark Global Holdings Inc. now owns 12,999 shares of the company’s stock valued at $374,000 after buying an additional 355 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Atmus Filtration Technologies by 103.8% in the first quarter. GAMMA Investing LLC now owns 868 shares of the company’s stock valued at $28,000 after buying an additional 442 shares during the period. Investment Research & Advisory Group Inc. acquired a new position in Atmus Filtration Technologies during the first quarter worth about $26,000. Finally, Evermay Wealth Management LLC acquired a new stake in Atmus Filtration Technologies in the 1st quarter valued at about $29,000. Institutional investors and hedge funds own 32.73% of the company’s stock.

Insider Buying and Selling

In other news, Director Gretchen R. Haggerty bought 5,849 shares of the stock in a transaction on 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 trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Atmus Filtration Technologies news, Director Gretchen R. Haggerty bought 5,849 shares of Atmus Filtration Technologies stock in a transaction on Friday, August 23rd. The stock was purchased at an average cost 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. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen E. Macadam bought 8,250 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was acquired at an average cost of $31.56 per share, with a total value of $260,370.00. Following the completion of the transaction, the director now directly owns 32,083 shares of the company’s stock, valued at approximately $1,012,539.48. This 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 owned by corporate insiders.

Atmus Filtration Technologies Stock Up 0.2 %

NYSE ATMU traded up $0.07 during trading on Thursday, reaching $39.09. 91,453 shares of the company’s stock were exchanged, compared to its average volume of 1,900,807. The company has a current ratio of 2.07, a quick ratio of 1.30 and a debt-to-equity ratio of 3.28. Atmus Filtration Technologies Inc. has a fifty-two week low of $18.21 and a fifty-two week high of $40.29. The company’s fifty day simple moving average is $36.27 and its 200-day simple moving average is $32.29. The firm has a market capitalization of $3.26 billion, a PE ratio of 19.91, a P/E/G ratio of 4.40 and a beta of 1.75.

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

Atmus Filtration Technologies Announces Dividend

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

Analysts Set New Price Targets

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

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.