ST Germain D J Co. Inc. Sells 312 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

ST Germain D J Co. Inc. lowered its position in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 7.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,169 shares of the company’s stock after selling 312 shares during the period. ST Germain D J Co. Inc.’s holdings in Atmus Filtration Technologies were worth $163,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Parsifal Capital Management LP raised its position in shares of Atmus Filtration Technologies by 2.2% during the third quarter. Parsifal Capital Management LP now owns 2,721,278 shares of the company’s stock worth $102,130,000 after purchasing an additional 58,478 shares during the period. Wellington Management Group LLP raised its holdings in Atmus Filtration Technologies by 1.7% during the third quarter. Wellington Management Group LLP now owns 2,517,338 shares of the company’s stock worth $94,476,000 after buying an additional 43,004 shares during the last quarter. American Century Companies Inc. grew 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 valued at $57,040,000 after buying an additional 54,051 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Atmus Filtration Technologies by 2.1% during the third quarter. Geode Capital Management LLC now owns 1,894,740 shares of the company’s stock worth $71,123,000 after acquiring an additional 39,710 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Atmus Filtration Technologies by 27.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,266,648 shares of the company’s stock worth $47,537,000 after acquiring an additional 272,890 shares during the last quarter. Institutional investors and hedge funds own 32.73% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on ATMU. Wells Fargo & Company lowered their price objective on Atmus Filtration Technologies from $45.00 to $40.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Northland Securities raised their price objective on Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. upped 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 note on Friday, October 11th. Finally, Robert W. Baird raised their price target on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Atmus Filtration Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.80.

Atmus Filtration Technologies Stock Down 0.7 %

Shares of NYSE:ATMU opened at $39.11 on Friday. The company has a market capitalization of $3.25 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 4.42 and a beta of 1.80. Atmus Filtration Technologies Inc. has a 1 year low of $21.09 and a 1 year high of $45.43. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35. The business has a fifty day moving average price of $41.19 and a two-hundred day moving average price of $36.59.

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 company had revenue of $404.00 million during the quarter, compared to analyst estimates of $403.40 million. Atmus Filtration Technologies had a net margin of 10.84% and a return on equity of 134.28%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. Analysts forecast that Atmus Filtration Technologies Inc. will post 2.45 earnings per share for the current year.

Atmus Filtration Technologies Dividend Announcement

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

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.