Raymond James Financial Inc. Takes $26.15 Million Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Raymond James Financial Inc. purchased a new stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 667,495 shares of the company's stock, valued at approximately $26,152,000. Raymond James Financial Inc. owned about 0.80% of Atmus Filtration Technologies as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Geneos Wealth Management Inc. purchased a new stake in Atmus Filtration Technologies in the fourth quarter valued at approximately $26,000. New Age Alpha Advisors LLC acquired a new stake in Atmus Filtration Technologies during the 4th quarter valued at approximately $32,000. Nisa Investment Advisors LLC lifted its stake in Atmus Filtration Technologies by 333.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company's stock valued at $45,000 after acquiring an additional 876 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of Atmus Filtration Technologies by 43.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 2,660 shares of the company's stock valued at $104,000 after acquiring an additional 800 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Atmus Filtration Technologies in the fourth quarter worth $104,000. 32.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ATMU shares. JPMorgan Chase & Co. decreased their target price on shares of Atmus Filtration Technologies from $46.00 to $38.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Robert W. Baird lowered their target price 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. Finally, Wells Fargo & Company dropped their target price on Atmus Filtration Technologies from $40.00 to $39.00 and set an "equal weight" rating on the stock in a report on Monday, February 24th.

Atmus Filtration Technologies Price Performance

Shares of Atmus Filtration Technologies stock traded up $1.05 during trading hours on Wednesday, reaching $34.20. The stock had a trading volume of 69,211 shares, compared to its average volume of 991,064. The stock's 50 day moving average is $36.56 and its 200 day moving average is $39.35. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. Atmus Filtration Technologies Inc. has a twelve month low of $27.62 and a twelve month high of $45.43. The firm has a market capitalization of $2.83 billion, a PE ratio of 15.48, a PEG ratio of 3.99 and a beta of 1.78.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last released its quarterly earnings results on Friday, February 21st. The company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.05. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The company had revenue of $406.70 million during the quarter, compared to analysts' expectations of $399.24 million. Equities analysts expect that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Tuesday, March 4th. Atmus Filtration Technologies's dividend payout ratio is presently 9.05%.

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.