Invesco Ltd. Increases Stock Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Invesco Ltd. raised its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 806.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,167,382 shares of the company's stock after buying an additional 1,038,541 shares during the quarter. Invesco Ltd. owned about 1.40% of Atmus Filtration Technologies worth $45,738,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ATMU. Federated Hermes Inc. grew its position in Atmus Filtration Technologies by 4.5% in the 4th quarter. Federated Hermes Inc. now owns 348,798 shares of the company's stock worth $13,666,000 after purchasing an additional 15,112 shares during the period. Bryce Point Capital LLC purchased a new stake in shares of Atmus Filtration Technologies during the fourth quarter worth about $847,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of Atmus Filtration Technologies by 7.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,249,812 shares of the company's stock worth $48,968,000 after buying an additional 81,502 shares in the last quarter. Trexquant Investment LP boosted its holdings in shares of Atmus Filtration Technologies by 128.4% during the 4th quarter. Trexquant Investment LP now owns 287,073 shares of the company's stock valued at $11,248,000 after purchasing an additional 161,363 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Atmus Filtration Technologies by 1.7% during the fourth quarter. Franklin Resources Inc. now owns 28,712 shares of the company's stock valued at $1,125,000 after buying an additional 476 shares during the last quarter. 32.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ATMU has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their price objective on Atmus Filtration Technologies from $46.00 to $38.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company reduced their target price on shares of Atmus Filtration Technologies from $40.00 to $39.00 and set an "equal weight" rating on the stock in a research report on Monday, February 24th. Finally, Robert W. Baird lowered their price objective on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating for the company in a research note on Monday, February 24th.

Atmus Filtration Technologies Trading Up 0.4 %

NYSE ATMU traded up $0.14 during trading hours on Friday, reaching $33.34. The company had a trading volume of 421,926 shares, compared to its average volume of 1,003,352. Atmus Filtration Technologies Inc. has a 1-year low of $27.62 and a 1-year high of $45.43. The stock has a market capitalization of $2.76 billion, a P/E ratio of 15.09, a price-to-earnings-growth ratio of 3.99 and a beta of 1.78. The stock has a 50-day moving average of $36.85 and a 200 day moving average of $39.41. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last released its quarterly earnings results on Friday, February 21st. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.05. The company had revenue of $406.70 million for the quarter, compared to analysts' expectations of $399.24 million. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. As a group, research analysts anticipate 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 announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.60%. Atmus Filtration Technologies's payout ratio is 9.05%.

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.