The Manufacturers Life Insurance Company Raises Stock Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

The Manufacturers Life Insurance Company raised its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 27.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,266,648 shares of the company's stock after purchasing an additional 272,890 shares during the quarter. The Manufacturers Life Insurance Company owned 1.52% of Atmus Filtration Technologies worth $47,537,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ATMU. ProShare Advisors LLC raised its position in Atmus Filtration Technologies by 3.1% during the 2nd quarter. ProShare Advisors LLC now owns 11,282 shares of the company's stock valued at $325,000 after purchasing an additional 344 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of Atmus Filtration Technologies by 2.8% in the second quarter. Crossmark Global Holdings Inc. now owns 12,999 shares of the company's stock valued at $374,000 after acquiring an additional 355 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Atmus Filtration Technologies by 4.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 14,256 shares of the company's stock worth $535,000 after acquiring an additional 626 shares during the period. KBC Group NV grew its holdings in Atmus Filtration Technologies by 42.1% during the 3rd quarter. KBC Group NV now owns 2,424 shares of the company's stock worth $91,000 after acquiring an additional 718 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Atmus Filtration Technologies by 89.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,641 shares of the company's stock worth $62,000 after acquiring an additional 774 shares in the last quarter. 32.73% of the stock is owned by hedge funds and other institutional investors.

Atmus Filtration Technologies Stock Up 0.5 %

Shares of ATMU stock traded up $0.23 during trading hours on Friday, reaching $43.29. 340,844 shares of the company's stock were exchanged, compared to its average volume of 1,785,643. Atmus Filtration Technologies Inc. has a fifty-two week low of $21.09 and a fifty-two week high of $45.43. The stock's 50 day moving average is $40.12 and its 200-day moving average is $34.22. 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 company has a market cap of $3.60 billion, a price-to-earnings ratio of 20.03, a P/E/G ratio of 4.69 and a beta of 1.68.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last released its quarterly earnings results on Friday, November 8th. The company reported $0.61 EPS 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 company had revenue of $404.00 million during the quarter, compared to analysts' expectations of $403.40 million. During the same period last year, the business posted $0.52 earnings per share. The firm's revenue was up 2.0% compared to the same quarter last year. Analysts predict that Atmus Filtration Technologies Inc. will post 2.45 earnings per share for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Thursday, October 31st were paid a $0.05 dividend. 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 presently 9.30%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company cut shares of Atmus Filtration Technologies from an "overweight" rating to an "equal weight" rating and upped their price target for the stock from $42.00 to $45.00 in a research report on Monday, November 11th. JPMorgan Chase & Co. upped their target price on Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an "overweight" rating in a report on Friday, October 11th. Robert W. Baird lifted their price target on Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Finally, Northland Securities upped their price objective on Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Atmus Filtration Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $44.80.

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.