abrdn plc Has $27.24 Million Stock Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

abrdn plc boosted its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 32.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 725,732 shares of the company's stock after buying an additional 178,074 shares during the quarter. abrdn plc owned approximately 0.87% of Atmus Filtration Technologies worth $27,237,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Evermay Wealth Management LLC acquired a new position in Atmus Filtration Technologies in the 1st quarter valued at about $29,000. Quarry LP acquired a new position in shares of Atmus Filtration Technologies in the second quarter valued at approximately $29,000. GAMMA Investing LLC increased its stake in shares of Atmus Filtration Technologies by 89.3% during the third quarter. GAMMA Investing LLC now owns 1,641 shares of the company's stock worth $62,000 after purchasing an additional 774 shares during the period. Rothschild Investment LLC acquired a new stake in Atmus Filtration Technologies during the 2nd quarter worth approximately $68,000. Finally, nVerses Capital LLC bought a new stake in Atmus Filtration Technologies in the 2nd quarter valued at $115,000. Institutional investors own 32.73% of the company's stock.

Atmus Filtration Technologies Price Performance

ATMU traded up $0.06 on Friday, hitting $39.00. 574,931 shares of the stock were exchanged, compared to its average volume of 1,868,849. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 4.45 and a beta of 1.75. The company has a debt-to-equity ratio of 3.28, a current ratio of 2.07 and a quick ratio of 1.30. Atmus Filtration Technologies Inc. has a 12 month low of $18.61 and a 12 month high of $40.29. The business has a 50-day moving average of $36.98 and a two-hundred day moving average of $32.58.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its quarterly earnings results on Friday, August 2nd. The company reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.13. Atmus Filtration Technologies had a net margin of 10.52% and a return on equity of 187.12%. The company had revenue of $432.60 million during the quarter, compared to the consensus estimate of $418.33 million. During the same quarter in the prior year, the firm posted $0.63 EPS. The firm's quarterly revenue was up 4.6% on a year-over-year basis. Sell-side analysts forecast that Atmus Filtration Technologies Inc. will post 2.34 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders 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 0.51%. The ex-dividend date of this dividend is Thursday, October 31st. Atmus Filtration Technologies's dividend payout ratio is presently 9.62%.

Analyst Ratings Changes

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

Insider Activity

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

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.