16,050 Shares in Atmus Filtration Technologies Inc. (NYSE:ATMU) Purchased by Okabena Investment Services Inc.

Okabena Investment Services Inc. purchased a new position in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,050 shares of the company's stock, valued at approximately $629,000.

A number of other hedge funds also recently modified their holdings of ATMU. Parsifal Capital Management LP boosted its stake in Atmus Filtration Technologies by 2.2% in the 3rd quarter. Parsifal Capital Management LP now owns 2,721,278 shares of the company's stock worth $102,130,000 after purchasing an additional 58,478 shares during the period. Wellington Management Group LLP boosted its position in shares of Atmus Filtration Technologies by 1.7% during the third quarter. Wellington Management Group LLP now owns 2,517,338 shares of the company's stock worth $94,476,000 after buying an additional 43,004 shares during the period. Geode Capital Management LLC grew its holdings in shares of Atmus Filtration Technologies by 2.1% during the third quarter. Geode Capital Management LLC now owns 1,894,740 shares of the company's stock worth $71,123,000 after buying an additional 39,710 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Atmus Filtration Technologies by 27.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,266,648 shares of the company's stock valued at $47,537,000 after buying an additional 272,890 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Atmus Filtration Technologies by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 753,495 shares of the company's stock valued at $29,522,000 after acquiring an additional 40,352 shares in the last quarter. Institutional investors and hedge funds own 32.73% of the company's stock.

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Atmus Filtration Technologies Stock Up 0.5 %

ATMU traded up $0.17 during trading on Wednesday, reaching $37.38. 189,795 shares of the stock were exchanged, compared to its average volume of 826,720. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11. The stock's 50 day moving average price is $39.22 and its two-hundred day moving average price is $39.79. Atmus Filtration Technologies Inc. has a twelve month low of $27.62 and a twelve month high of $45.43. The stock has a market cap of $3.12 billion, a P/E ratio of 16.91, a price-to-earnings-growth ratio of 3.99 and a beta of 1.83.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its earnings results on Friday, February 21st. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The business had revenue of $406.70 million during the quarter, compared to the consensus estimate of $399.24 million. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. Equities analysts expect that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, March 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.54%. Atmus Filtration Technologies's dividend payout ratio is currently 9.05%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Atmus Filtration Technologies from $44.00 to $46.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. Robert W. Baird lowered their price target on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. Finally, Wells Fargo & Company reduced their price objective on shares of Atmus Filtration Technologies from $40.00 to $39.00 and set an "equal weight" rating for the company in a research note on Monday, February 24th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $42.80.

Atmus Filtration Technologies Company 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.