Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Sold by State Street Corp

State Street Corp cut its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 6.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,961,873 shares of the company’s stock after selling 133,937 shares during the period. State Street Corp’s holdings in Atmus Filtration Technologies were worth $73,629,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC acquired a new stake in Atmus Filtration Technologies during the second quarter worth about $17,743,000. Eagle Asset Management Inc. acquired a new stake in Atmus Filtration Technologies during the 3rd quarter worth approximately $21,635,000. Davidson Kempner Capital Management LP purchased a new position in Atmus Filtration Technologies in the second quarter valued at approximately $15,475,000. Victory Capital Management Inc. lifted its position in Atmus Filtration Technologies by 83.5% during the second quarter. Victory Capital Management Inc. now owns 1,125,679 shares of the company’s stock valued at $32,397,000 after buying an additional 512,390 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Atmus Filtration Technologies during the second quarter worth approximately $14,281,000. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on ATMU. Robert W. Baird raised their target price on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Wells Fargo & Company cut Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $42.00 to $45.00 in a research note on Monday, November 11th. JPMorgan Chase & Co. increased their target price 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. Finally, Northland Securities boosted their price target on Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock 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 company. According to data from MarketBeat.com, Atmus Filtration Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $44.80.

Atmus Filtration Technologies Stock Down 1.9 %

Shares of Atmus Filtration Technologies stock opened at $39.94 on Wednesday. Atmus Filtration Technologies Inc. has a 1-year low of $21.09 and a 1-year high of $45.43. The company has a market capitalization of $3.32 billion, a PE ratio of 18.93, a P/E/G ratio of 4.42 and a beta of 1.69. 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 50-day moving average of $41.20 and a 200-day moving average of $35.26.

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

Atmus Filtration Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Thursday, October 31st were paid 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 0.50%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 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.