Riverwater Partners LLC Invests $1.89 Million in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Riverwater Partners LLC bought a new stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 50,700 shares of the company's stock, valued at approximately $1,885,000. Atmus Filtration Technologies makes up approximately 0.9% of Riverwater Partners LLC's portfolio, making the stock its 26th largest position. Riverwater Partners LLC owned 0.06% of Atmus Filtration Technologies at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of ATMU. Vanguard Group Inc. boosted its position in shares of Atmus Filtration Technologies by 366.5% during the 1st quarter. Vanguard Group Inc. now owns 8,080,641 shares of the company's stock valued at $260,601,000 after acquiring an additional 6,348,391 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Atmus Filtration Technologies by 38.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,088,496 shares of the company's stock valued at $67,355,000 after purchasing an additional 583,078 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Atmus Filtration Technologies by 2.8% in the 2nd quarter. American Century Companies Inc. now owns 1,981,937 shares of the company's stock worth $57,040,000 after buying an additional 54,051 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Atmus Filtration Technologies by 26.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,153,484 shares of the company's stock worth $43,290,000 after buying an additional 242,718 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Atmus Filtration Technologies by 83.5% in the 2nd quarter. Victory Capital Management Inc. now owns 1,125,679 shares of the company's stock worth $32,397,000 after buying an additional 512,390 shares during the last quarter. 32.73% of the stock is currently owned by institutional investors.

Atmus Filtration Technologies Trading Up 2.2 %

NYSE ATMU traded up $0.85 during trading on Thursday, hitting $39.87. The stock had a trading volume of 1,043,859 shares, compared to its average volume of 1,905,430. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 20.34, a P/E/G ratio of 4.40 and a beta of 1.75. The stock has a 50 day simple moving average of $36.39 and a 200 day simple moving average of $32.34. Atmus Filtration Technologies Inc. has a one year low of $18.21 and a one year high of $40.29. The company has a debt-to-equity ratio of 3.28, a quick ratio of 1.30 and a current ratio of 2.07.

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

Atmus Filtration Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Thursday, October 31st will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date is Thursday, October 31st. Atmus Filtration Technologies's payout ratio is presently 10.20%.

Insider Buying and Selling

In related news, Director Gretchen R. Haggerty purchased 5,849 shares of the firm's stock in a transaction dated Friday, August 23rd. The stock was purchased at an average price of $34.20 per share, with a total value of $200,035.80. Following the completion of the purchase, the director now owns 19,882 shares of the company's stock, valued at approximately $679,964.40. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Gretchen R. Haggerty purchased 5,849 shares of the company's stock in a transaction dated Friday, August 23rd. The shares were acquired at an average price of $34.20 per share, with a total value of $200,035.80. Following the transaction, the director now owns 19,882 shares of the company's stock, valued at $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 Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen E. Macadam purchased 8,250 shares of the business's stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average price of $31.56 per share, for a total transaction of $260,370.00. Following the purchase, the director now owns 32,083 shares of the company's stock, valued at approximately $1,012,539.48. This trade 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.

Analysts Set New Price Targets

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

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.