Royce & Associates LP Decreases Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Royce & Associates LP lessened its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 7.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 727,254 shares of the company's stock after selling 54,877 shares during the quarter. Royce & Associates LP owned about 0.87% of Atmus Filtration Technologies worth $27,294,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. ProShare Advisors LLC increased its position in Atmus Filtration Technologies by 3.1% in the second quarter. ProShare Advisors LLC now owns 11,282 shares of the company's stock worth $325,000 after buying an additional 344 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in Atmus Filtration Technologies by 2.8% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 12,999 shares of the company's stock worth $374,000 after acquiring an additional 355 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in Atmus Filtration Technologies by 4.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 14,256 shares of the company's stock valued at $535,000 after purchasing an additional 626 shares in the last quarter. KBC Group NV boosted its position in shares of Atmus Filtration Technologies by 42.1% in the third 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 period. Finally, GAMMA Investing LLC increased its stake in shares of Atmus Filtration Technologies by 89.3% in 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 in the last quarter. 32.73% of the stock is currently owned by institutional investors.

Atmus Filtration Technologies Trading Up 0.4 %

Shares of ATMU stock traded up $0.16 on Friday, reaching $43.26. 900,266 shares of the company's stock were exchanged, compared to its average volume of 1,832,270. The stock has a market capitalization of $3.59 billion, a PE ratio of 20.12, a P/E/G ratio of 4.79 and a beta of 1.68. The company has a current ratio of 2.11, a quick ratio of 1.30 and a debt-to-equity ratio of 2.61. Atmus Filtration Technologies Inc. has a 52 week low of $20.44 and a 52 week high of $44.66. The company's fifty day simple moving average is $38.64 and its 200 day simple moving average is $33.38.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its earnings results on Friday, November 8th. The company reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.09. Atmus Filtration Technologies had a return on equity of 134.28% and a net margin of 10.84%. The business had revenue of $404.00 million during the quarter, compared to analyst estimates of $403.40 million. During the same period in the previous year, the company posted $0.52 EPS. Atmus Filtration Technologies's revenue was up 2.0% on a year-over-year basis. As a group, analysts forecast that Atmus Filtration Technologies Inc. will post 2.43 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Thursday, October 31st were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date was Thursday, October 31st. Atmus Filtration Technologies's dividend payout ratio (DPR) is 9.30%.

Insider Activity

In related news, Director Gretchen R. Haggerty bought 5,849 shares of the business's stock in a transaction on Friday, August 23rd. The shares were bought at an average price of $34.20 per share, for a total transaction of $200,035.80. Following the completion of the purchase, the director now directly owns 19,882 shares of the company's stock, valued at approximately $679,964.40. This trade represents a 41.68 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ATMU shares. JPMorgan Chase & Co. upped their target price on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an "overweight" rating in a report on Friday, October 11th. Wells Fargo & Company lowered shares of Atmus Filtration Technologies from an "overweight" rating to an "equal weight" rating and increased their price objective for the company from $42.00 to $45.00 in a report on Monday, November 11th. Robert W. Baird boosted their target price on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an "outperform" rating in a report on Tuesday. Finally, Northland Securities raised their target price on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an "outperform" rating in a research note on Tuesday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $44.80.

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.