Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP grew its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 1.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,517,338 shares of the company's stock after acquiring an additional 43,004 shares during the quarter. Wellington Management Group LLP owned about 3.03% of Atmus Filtration Technologies worth $94,476,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of ATMU. Quarry LP acquired a new position in Atmus Filtration Technologies in the second quarter valued at $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 purchasing an additional 774 shares in the last quarter. Rothschild Investment LLC purchased a new stake in shares of Atmus Filtration Technologies during the 2nd quarter worth about $68,000. KBC Group NV increased its position in Atmus Filtration Technologies by 42.1% during the 3rd quarter. KBC Group NV now owns 2,424 shares of the company's stock worth $91,000 after purchasing an additional 718 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in Atmus Filtration Technologies during the 2nd quarter worth approximately $115,000. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

Atmus Filtration Technologies Stock Down 0.4 %

Shares of NYSE ATMU traded down $0.17 during midday trading on Tuesday, reaching $40.78. 1,216,523 shares of the company's stock were exchanged, compared to its average volume of 1,763,456. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11. Atmus Filtration Technologies Inc. has a 52-week low of $21.09 and a 52-week high of $45.43. The business's fifty day moving average price is $40.90 and its two-hundred day moving average price is $34.89. The stock has a market capitalization of $3.39 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 4.64 and a beta of 1.69.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) 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. Analysts forecast that Atmus Filtration Technologies Inc. will post 2.45 EPS for the current 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 issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.49%. The ex-dividend date was Thursday, October 31st. Atmus Filtration Technologies's dividend payout ratio is currently 9.30%.

Wall Street Analyst Weigh In

ATMU has been the subject of several research reports. Northland Securities boosted their price objective on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. upped their price target on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an "overweight" rating in a research report on Friday, October 11th. Robert W. Baird raised their price objective on Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company downgraded Atmus Filtration Technologies from an "overweight" rating to an "equal weight" rating and upped their target price for the stock from $42.00 to $45.00 in a research report on Monday, November 11th. One 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, the company has a consensus rating of "Moderate Buy" and an average price target of $44.80.

About Atmus Filtration Technologies

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.