Principal Financial Group Inc. Has $292,000 Stock Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Principal Financial Group Inc. lowered its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 31.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,786 shares of the company’s stock after selling 3,534 shares during the period. Principal Financial Group Inc.’s holdings in Atmus Filtration Technologies were worth $292,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of ATMU. Quarry LP bought a new position in Atmus Filtration Technologies in the 2nd quarter valued at approximately $29,000. GAMMA Investing LLC lifted its stake in shares of Atmus Filtration Technologies by 89.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,641 shares of the company’s stock valued at $62,000 after acquiring an additional 774 shares during the last quarter. KBC Group NV boosted its holdings in shares of Atmus Filtration Technologies by 42.1% during the 3rd quarter. KBC Group NV now owns 2,424 shares of the company’s stock valued at $91,000 after acquiring an additional 718 shares in the last quarter. Daiwa Securities Group Inc. bought a new stake in Atmus Filtration Technologies during the 2nd quarter worth $134,000. Finally, Prospera Financial Services Inc acquired a new position in Atmus Filtration Technologies in the 3rd quarter worth about $246,000. 32.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ATMU has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Wells Fargo & Company downgraded shares of Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $42.00 to $45.00 in a research report on Monday, November 11th. Northland Securities upped their price target on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, Robert W. Baird lifted their price target on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.80.

Atmus Filtration Technologies Price Performance

Atmus Filtration Technologies stock opened at $39.46 on Tuesday. The stock’s 50 day moving average is $41.16 and its 200 day moving average is $36.27. Atmus Filtration Technologies Inc. has a one year low of $21.09 and a one year high of $45.43. The firm has a market cap of $3.28 billion, a P/E ratio of 18.35, a P/E/G ratio of 4.42 and a beta of 1.80. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.09. Atmus Filtration Technologies had a net margin of 10.84% and a return on equity of 134.28%. The firm had revenue of $404.00 million for the quarter, compared to the consensus estimate of $403.40 million. During the same quarter in the previous year, the company earned $0.52 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, research analysts expect that Atmus Filtration Technologies Inc. will post 2.45 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.20 dividend on an annualized basis and a yield of 0.51%. Atmus Filtration Technologies’s payout ratio is currently 9.30%.

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.