Federated Hermes Inc. Boosts Stake in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Federated Hermes Inc. raised its position in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 4.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 348,798 shares of the company's stock after purchasing an additional 15,112 shares during the period. Federated Hermes Inc. owned 0.42% of Atmus Filtration Technologies worth $13,666,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of Atmus Filtration Technologies by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 286,098 shares of the company's stock worth $10,737,000 after purchasing an additional 21,687 shares during the last quarter. Norges Bank purchased a new position in shares of Atmus Filtration Technologies in the fourth quarter worth about $8,839,000. Assenagon Asset Management S.A. bought a new position in shares of Atmus Filtration Technologies in the fourth quarter worth $14,877,000. Geode Capital Management LLC lifted its holdings in shares of Atmus Filtration Technologies by 2.1% in the third quarter. Geode Capital Management LLC now owns 1,894,740 shares of the company's stock worth $71,123,000 after buying an additional 39,710 shares in the last quarter. Finally, Tidal Investments LLC bought a new position in Atmus Filtration Technologies in the 3rd quarter valued at $552,000. Institutional investors and hedge funds own 32.73% of the company's stock.

Atmus Filtration Technologies Stock Down 0.1 %

ATMU stock traded down $0.04 during midday trading on Tuesday, hitting $33.76. The stock had a trading volume of 97,017 shares, compared to its average volume of 1,022,278. Atmus Filtration Technologies Inc. has a 52-week low of $27.62 and a 52-week high of $45.43. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 3.99 and a beta of 1.78. The business has a 50-day moving average of $37.45 and a two-hundred day moving average of $39.55. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35.

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

Atmus Filtration Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Tuesday, March 4th. Atmus Filtration Technologies's payout ratio is 9.05%.

Wall Street Analysts Forecast Growth

ATMU has been the topic of a number of research analyst reports. Robert W. Baird decreased their price target on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. JPMorgan Chase & Co. decreased their price target on Atmus Filtration Technologies from $46.00 to $38.00 and set an "overweight" rating on the stock in a research note on Friday. Finally, Wells Fargo & Company dropped their price target on shares of Atmus Filtration Technologies from $40.00 to $39.00 and set an "equal weight" rating for the company in a research report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Atmus Filtration Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $41.20.

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.