Intech Investment Management LLC Buys Shares of 22,137 Atmus Filtration Technologies Inc. (NYSE:ATMU)

Intech Investment Management LLC acquired a new position in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 22,137 shares of the company's stock, valued at approximately $831,000.

A number of other institutional investors also recently bought and sold shares of the stock. Quarry LP purchased a new position in Atmus Filtration Technologies during the second quarter valued at approximately $29,000. GAMMA Investing LLC lifted its stake in shares of Atmus Filtration Technologies by 89.3% during 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 in the last quarter. Rothschild Investment LLC bought a new position in Atmus Filtration Technologies in the 2nd quarter worth $68,000. KBC Group NV increased its stake in Atmus Filtration Technologies by 42.1% in the 3rd quarter. KBC Group NV now owns 2,424 shares of the company's stock worth $91,000 after buying an additional 718 shares in the last quarter. Finally, nVerses Capital LLC bought a new stake in Atmus Filtration Technologies during the second quarter valued at about $115,000. 32.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ATMU. JPMorgan Chase & Co. increased their target price on Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an "overweight" rating in a research report on Friday, October 11th. Northland Securities lifted their price objective on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Wells Fargo & Company lowered shares of 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. Finally, Robert W. Baird lifted 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 investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $44.80.

Atmus Filtration Technologies Stock Performance

ATMU stock traded up $0.31 during trading on Friday, hitting $43.37. 340,844 shares of the company traded hands, compared to its average volume of 1,785,644. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35. The stock's 50-day simple moving average is $40.12 and its 200 day simple moving average is $34.22. Atmus Filtration Technologies Inc. has a 1 year low of $21.09 and a 1 year high of $45.43. The company has a market cap of $3.60 billion, a PE ratio of 20.03, a P/E/G ratio of 4.69 and a beta of 1.68.

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 for the quarter, topping analysts' consensus estimates of $0.52 by $0.09. The business had revenue of $404.00 million for 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%. The business's revenue was up 2.0% on a year-over-year basis. During the same period last year, the company posted $0.52 EPS. On average, equities analysts expect that Atmus Filtration Technologies Inc. will post 2.45 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, November 13th. Stockholders of record on Thursday, October 31st were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Thursday, October 31st. Atmus Filtration Technologies's payout ratio is presently 9.30%.

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.