Geode Capital Management LLC raised its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 2.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,894,740 shares of the company's stock after purchasing an additional 39,710 shares during the quarter. Geode Capital Management LLC owned 2.28% of Atmus Filtration Technologies worth $71,123,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Quarry LP acquired a new position in Atmus Filtration Technologies during the 2nd quarter worth about $29,000. GAMMA Investing LLC lifted its position in Atmus Filtration Technologies by 89.3% in the third quarter. GAMMA Investing LLC now owns 1,641 shares of the company's stock valued at $62,000 after purchasing an additional 774 shares during the period. Rothschild Investment LLC acquired a new stake in Atmus Filtration Technologies in the second quarter valued at $68,000. KBC Group NV boosted its stake in shares of 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 acquiring an additional 718 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of Atmus Filtration Technologies during the 2nd quarter worth $115,000. Hedge funds and other institutional investors own 32.73% of the company's stock.
Analysts Set New Price Targets
Several brokerages have commented on ATMU. Northland Securities upped their price target on 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. 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. Wells Fargo & Company downgraded Atmus Filtration Technologies from an "overweight" rating to an "equal weight" rating and increased their target price for the stock from $42.00 to $45.00 in a report on Monday, November 11th. Finally, Robert W. Baird increased their price objective on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $44.80.
Check Out Our Latest Research Report on Atmus Filtration Technologies
Atmus Filtration Technologies Trading Up 1.2 %
ATMU traded up $0.47 during midday trading on Friday, reaching $39.25. 983,370 shares of the company were exchanged, compared to its average volume of 1,728,751. The stock has a market capitalization of $3.26 billion, a P/E ratio of 18.26, a PEG ratio of 4.42 and a beta of 1.69. Atmus Filtration Technologies Inc. has a one year low of $21.09 and a one year high of $45.43. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11. The stock's 50-day simple moving average is $41.23 and its 200 day simple moving average is $35.44.
Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last released its earnings results 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. Atmus Filtration Technologies had a return on equity of 134.28% and a net margin of 10.84%. The business had revenue of $404.00 million for the quarter, compared to analyst estimates of $403.40 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. Atmus Filtration Technologies's revenue was up 2.0% on a year-over-year basis. As a group, analysts forecast that Atmus Filtration Technologies Inc. will post 2.45 earnings per share for the current fiscal year.
Atmus Filtration Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Thursday, October 31st were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Thursday, October 31st. Atmus Filtration Technologies's dividend payout ratio (DPR) is presently 9.30%.
About Atmus Filtration Technologies
(
Free Report)
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.
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