JPMorgan Chase & Co. Grows Stock Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

JPMorgan Chase & Co. increased its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 8.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 286,098 shares of the company's stock after purchasing an additional 21,687 shares during the period. JPMorgan Chase & Co. owned approximately 0.34% of Atmus Filtration Technologies worth $10,737,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ATMU. Quarry LP purchased a new stake in Atmus Filtration Technologies in the 2nd quarter valued at about $29,000. GAMMA Investing LLC boosted its position in 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 buying an additional 774 shares during the period. KBC Group NV boosted its position in Atmus Filtration Technologies by 42.1% in the 3rd quarter. KBC Group NV now owns 2,424 shares of the company's stock valued at $91,000 after buying an additional 718 shares during the period. Daiwa Securities Group Inc. purchased a new stake in Atmus Filtration Technologies in the 2nd quarter valued at about $134,000. Finally, Prospera Financial Services Inc purchased a new stake in Atmus Filtration Technologies in the 3rd quarter valued at about $246,000. 32.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ATMU shares. Wells Fargo & Company lowered their price objective on shares of Atmus Filtration Technologies from $45.00 to $40.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 7th. JPMorgan Chase & Co. boosted their price target on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an "overweight" rating in a report on Friday, October 11th. Northland Securities boosted their price target on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Finally, Robert W. Baird boosted their price target on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Atmus Filtration Technologies has an average rating of "Moderate Buy" and a consensus price target of $43.80.

Atmus Filtration Technologies Stock Up 1.2 %

Shares of NYSE ATMU traded up $0.47 during trading hours on Monday, hitting $39.61. 506,159 shares of the stock were exchanged, compared to its average volume of 602,708. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. The company has a market cap of $3.29 billion, a PE ratio of 18.42, a PEG ratio of 4.42 and a beta of 1.80. The firm has a fifty day moving average price of $41.19 and a 200-day moving average price of $36.65. Atmus Filtration Technologies Inc. has a 12 month low of $21.09 and a 12 month high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.52 by $0.09. The firm 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%. Atmus Filtration Technologies's revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.52 EPS. On average, sell-side analysts expect that Atmus Filtration Technologies Inc. will post 2.45 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Thursday, October 31st were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.50%. The ex-dividend date was Thursday, October 31st. Atmus Filtration Technologies's dividend payout ratio is presently 9.30%.

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.