Russell Investments Group Ltd. Has $18 Million Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Russell Investments Group Ltd. cut its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 459,363 shares of the company's stock after selling 10,293 shares during the period. Russell Investments Group Ltd. owned approximately 0.55% of Atmus Filtration Technologies worth $17,998,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ATMU. LPL Financial LLC increased its stake in Atmus Filtration Technologies by 3.3% in the 4th quarter. LPL Financial LLC now owns 10,102 shares of the company's stock worth $396,000 after purchasing an additional 326 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Atmus Filtration Technologies by 1.7% in the 4th quarter. Franklin Resources Inc. now owns 28,712 shares of the company's stock valued at $1,125,000 after acquiring an additional 476 shares in the last quarter. Jag Capital Management LLC boosted its stake in Atmus Filtration Technologies by 8.1% in the 4th quarter. Jag Capital Management LLC now owns 7,653 shares of the company's stock worth $300,000 after purchasing an additional 571 shares during the period. Geneos Wealth Management Inc. acquired a new position in Atmus Filtration Technologies in the 4th quarter worth approximately $26,000. Finally, Daiwa Securities Group Inc. grew its position in Atmus Filtration Technologies by 43.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 2,660 shares of the company's stock worth $104,000 after purchasing an additional 800 shares in the last quarter. 32.73% of the stock is currently owned by institutional investors.

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Atmus Filtration Technologies Stock Down 1.5 %

ATMU stock traded down $0.52 during mid-day trading on Friday, hitting $33.10. The stock had a trading volume of 1,027,634 shares, compared to its average volume of 1,026,230. Atmus Filtration Technologies Inc. has a 1-year low of $27.62 and a 1-year high of $45.43. The company has a fifty day moving average of $37.59 and a 200 day moving average of $39.56. 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 capitalization of $2.74 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 3.99 and a beta of 1.78.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last released its quarterly earnings data on Friday, February 21st. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.05. The firm had revenue of $406.70 million for the quarter, compared to the consensus estimate 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 expect that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Tuesday, March 4th. Atmus Filtration Technologies's dividend payout ratio is presently 9.05%.

Analyst Ratings Changes

Several analysts have recently commented on ATMU shares. Wells Fargo & Company decreased their target price on Atmus Filtration Technologies from $40.00 to $39.00 and set an "equal weight" rating for the company in a research report on Monday, February 24th. Robert W. Baird reduced their price objective on Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating for the company in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. lowered their target price on Atmus Filtration Technologies from $46.00 to $38.00 and set an "overweight" rating on the stock in a research note on Friday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Atmus Filtration Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $41.20.

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.