Prentiss Smith & Co. Inc. Takes $4.04 Million Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Prentiss Smith & Co. Inc. bought a new position in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 107,750 shares of the company's stock, valued at approximately $4,044,000. Atmus Filtration Technologies accounts for 2.6% of Prentiss Smith & Co. Inc.'s holdings, making the stock its 14th biggest holding. Prentiss Smith & Co. Inc. owned 0.13% of Atmus Filtration Technologies at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP lifted its position in shares of Atmus Filtration Technologies by 7.9% in the 4th quarter. Wellington Management Group LLP now owns 828,045 shares of the company's stock worth $19,451,000 after purchasing an additional 60,714 shares during the period. GAMMA Investing LLC lifted its holdings in Atmus Filtration Technologies by 103.8% during the first quarter. GAMMA Investing LLC now owns 868 shares of the company's stock worth $28,000 after buying an additional 442 shares during the period. Investment Research & Advisory Group Inc. purchased a new position in shares of Atmus Filtration Technologies in the 1st quarter valued at $26,000. Deltec Asset Management LLC bought a new position in shares of Atmus Filtration Technologies in the 1st quarter worth $1,290,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Atmus Filtration Technologies by 99.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 973,246 shares of the company's stock worth $31,387,000 after purchasing an additional 484,420 shares during the last quarter. Institutional investors own 32.73% of the company's stock.

Insider Transactions at Atmus Filtration Technologies

In other Atmus Filtration Technologies news, Director Gretchen R. Haggerty purchased 5,849 shares of the business's stock in a transaction that occurred on Friday, August 23rd. The shares were bought at an average price of $34.20 per share, for a total transaction of $200,035.80. Following the acquisition, the director now owns 19,882 shares in the company, valued at $679,964.40. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Stephen E. Macadam acquired 8,250 shares of the firm's stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average price of $31.56 per share, with a total value of $260,370.00. Following the acquisition, the director now directly owns 32,083 shares in the company, valued at $1,012,539.48. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gretchen R. Haggerty bought 5,849 shares of the company's stock in a transaction that occurred on Friday, August 23rd. The shares were bought at an average cost of $34.20 per share, for a total transaction of $200,035.80. Following the completion of the acquisition, the director now owns 19,882 shares of the company's stock, valued at $679,964.40. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.43% of the company's stock.

Wall Street Analyst Weigh In

ATMU has been the topic of several analyst reports. JPMorgan Chase & Co. lifted 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. Robert W. Baird lifted their price objective on shares of Atmus Filtration Technologies from $37.00 to $42.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Wells Fargo & Company increased their target price on shares of Atmus Filtration Technologies from $36.00 to $42.00 and gave the company an "overweight" rating in a research report on Monday, October 7th. Finally, Northland Securities lifted their price target on shares of Atmus Filtration Technologies from $38.00 to $49.00 and gave the stock an "outperform" rating in a report on Tuesday, October 15th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Atmus Filtration Technologies currently has a consensus rating of "Buy" and an average price target of $42.80.

Atmus Filtration Technologies Stock Performance

Shares of Atmus Filtration Technologies stock traded down $0.49 during midday trading on Monday, hitting $39.30. The company had a trading volume of 629,398 shares, compared to its average volume of 1,919,868. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 4.40 and a beta of 1.75. Atmus Filtration Technologies Inc. has a 12-month low of $18.21 and a 12-month high of $40.29. The company has a quick ratio of 1.30, a current ratio of 2.07 and a debt-to-equity ratio of 3.28. The company has a fifty day simple moving average of $36.03 and a 200 day simple moving average of $32.20.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its quarterly earnings results on Friday, August 2nd. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.13. The business had revenue of $432.60 million during the quarter, compared to analysts' expectations of $418.33 million. Atmus Filtration Technologies had a net margin of 10.52% and a return on equity of 187.12%. The business's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company posted $0.63 earnings per share. As a group, analysts predict that Atmus Filtration Technologies Inc. will post 2.33 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Thursday, October 31st will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Thursday, October 31st. Atmus Filtration Technologies's payout ratio is 10.20%.

Atmus Filtration Technologies 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.