Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 26.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,153,484 shares of the company's stock after acquiring an additional 242,718 shares during the period. Allspring Global Investments Holdings LLC owned 1.38% of Atmus Filtration Technologies worth $43,290,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP boosted its stake in shares of Atmus Filtration Technologies by 7.9% in the fourth quarter. Wellington Management Group LLP now owns 828,045 shares of the company's stock worth $19,451,000 after acquiring an additional 60,714 shares during the period. GAMMA Investing LLC raised its position in shares of Atmus Filtration Technologies by 103.8% during the first quarter. GAMMA Investing LLC now owns 868 shares of the company's stock valued at $28,000 after buying an additional 442 shares during the last quarter. Investment Research & Advisory Group Inc. purchased a new position in shares of Atmus Filtration Technologies in the first quarter worth $26,000. Deltec Asset Management LLC bought a new position in shares of Atmus Filtration Technologies during the first quarter worth $1,290,000. Finally, Principal Financial Group Inc. purchased a new position in Atmus Filtration Technologies during the first quarter valued at $8,441,000. Hedge funds and other institutional investors own 32.73% of the company's stock.

Wall Street Analyst Weigh In

ATMU has been the subject of several research reports. Northland Securities increased their price objective on shares of Atmus Filtration Technologies from $38.00 to $49.00 and gave the company an "outperform" rating in a report on Tuesday, October 15th. Wells Fargo & Company raised their price target on Atmus Filtration Technologies from $36.00 to $42.00 and gave the company an "overweight" rating in a report on Monday, October 7th. JPMorgan Chase & Co. raised their target price on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an "overweight" rating in a report on Friday, October 11th. Finally, Robert W. Baird boosted their target price on shares of Atmus Filtration Technologies from $37.00 to $42.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $42.80.

Insider Buying and Selling

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

Atmus Filtration Technologies Trading Up 1.9 %

Shares of ATMU traded up $0.74 during midday trading on Wednesday, hitting $39.02. The stock had a trading volume of 1,123,229 shares, compared to its average volume of 1,909,633. Atmus Filtration Technologies Inc. has a 1 year low of $18.21 and a 1 year high of $40.29. The company has a debt-to-equity ratio of 3.28, a current ratio of 2.07 and a quick ratio of 1.30. The stock's 50 day moving average is $36.15 and its 200 day moving average is $32.24. The firm has a market cap of $3.25 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 4.40 and a beta of 1.75.

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

Atmus Filtration Technologies Dividend Announcement

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