KLP Kapitalforvaltning AS Invests $682,000 in Atmus Filtration Technologies Inc. (NYSE:ATMU)

KLP Kapitalforvaltning AS purchased a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 17,400 shares of the company’s stock, valued at approximately $682,000.

A number of other large investors have also modified their holdings of the company. Geneos Wealth Management Inc. bought a new stake in Atmus Filtration Technologies during the 4th quarter worth approximately $26,000. Nisa Investment Advisors LLC lifted its stake in Atmus Filtration Technologies by 333.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock valued at $45,000 after buying an additional 876 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of Atmus Filtration Technologies in the 4th quarter valued at approximately $104,000. Daiwa Securities Group Inc. boosted its position in shares of Atmus Filtration Technologies by 43.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 2,660 shares of the company’s stock worth $104,000 after purchasing an additional 800 shares in the last quarter. Finally, KBC Group NV lifted its holdings in Atmus Filtration Technologies by 67.9% during the fourth quarter. KBC Group NV now owns 4,070 shares of the company’s stock worth $159,000 after acquiring an additional 1,646 shares in the last quarter. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Atmus Filtration Technologies Trading Up 1.2 %

Shares of Atmus Filtration Technologies stock opened at $37.19 on Wednesday. The stock has a market cap of $3.10 billion, a P/E ratio of 16.83, a P/E/G ratio of 3.99 and a beta of 1.83. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. Atmus Filtration Technologies Inc. has a 12-month low of $27.62 and a 12-month high of $45.43. The business’s 50 day moving average is $39.22 and its 200-day moving average is $39.79.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings results on Friday, February 21st. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. The firm had revenue of $406.70 million for the quarter, compared to analyst estimates of $399.24 million. Equities research analysts predict that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Tuesday, March 4th. Atmus Filtration Technologies’s payout ratio is currently 9.05%.

Analyst Ratings Changes

Several research firms have issued reports on ATMU. Robert W. Baird dropped their price target on Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. Wells Fargo & Company cut their price objective on shares of Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Atmus Filtration Technologies from $44.00 to $46.00 and gave the company an “overweight” rating in a research note on Thursday, March 27th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $42.80.

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.