Raymond James Financial Inc. Acquires New Shares in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Raymond James Financial Inc. purchased a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 667,495 shares of the company's stock, valued at approximately $26,152,000. Raymond James Financial Inc. owned about 0.80% of Atmus Filtration Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Geneos Wealth Management Inc. bought a new stake in shares of Atmus Filtration Technologies in the 4th quarter worth approximately $26,000. Nisa Investment Advisors LLC lifted its holdings in shares of Atmus Filtration Technologies by 333.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company's stock worth $45,000 after purchasing an additional 876 shares during the last quarter. KBC Group NV lifted its holdings in shares of Atmus Filtration Technologies by 42.1% in the 3rd quarter. KBC Group NV now owns 2,424 shares of the company's stock worth $91,000 after purchasing an additional 718 shares during the last quarter. Ieq Capital LLC bought a new stake in shares of Atmus Filtration Technologies in the 4th quarter worth approximately $242,000. Finally, Prospera Financial Services Inc bought a new stake in shares of Atmus Filtration Technologies in the 3rd quarter worth approximately $246,000. Hedge funds and other institutional investors own 32.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ATMU. Robert W. Baird lowered their target price on Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. Wells Fargo & Company lowered their target price on Atmus Filtration Technologies from $40.00 to $39.00 and set an "equal weight" rating on the stock in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. lowered their target price on Atmus Filtration Technologies from $46.00 to $44.00 and set an "overweight" rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Atmus Filtration Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.40.

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Atmus Filtration Technologies Price Performance

Shares of NYSE ATMU traded up $0.23 during mid-day trading on Tuesday, reaching $37.22. The company had a trading volume of 804,636 shares, compared to its average volume of 1,275,202. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. The stock has a market cap of $3.08 billion, a PE ratio of 16.84, a P/E/G ratio of 3.99 and a beta of 1.83. The company has a 50-day moving average price of $39.87 and a two-hundred day moving average price of $39.52. Atmus Filtration Technologies Inc. has a 1-year low of $25.51 and a 1-year high of $45.43.

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, topping analysts' consensus estimates of $0.53 by $0.05. The business had revenue of $406.70 million for the quarter, compared to analysts' expectations of $399.24 million. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. On average, equities analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.54%. Atmus Filtration Technologies's dividend payout ratio (DPR) is presently 9.05%.

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.