Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its position in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 8.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 170,436 shares of the company's stock after selling 15,309 shares during the quarter. Thrivent Financial for Lutherans owned about 0.20% of Atmus Filtration Technologies worth $6,397,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. ProShare Advisors LLC grew its holdings in shares of Atmus Filtration Technologies by 3.1% in the second quarter. ProShare Advisors LLC now owns 11,282 shares of the company's stock valued at $325,000 after purchasing an additional 344 shares during the period. Crossmark Global Holdings Inc. grew 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 purchasing an additional 355 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in shares of Atmus Filtration Technologies by 4.6% in 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 during the period. KBC Group NV grew its holdings 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 valued at $91,000 after purchasing an additional 718 shares during the period. Finally, GAMMA Investing LLC grew its holdings 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 valued at $62,000 after purchasing an additional 774 shares during the period. Hedge funds and other institutional investors own 32.73% of the company's stock.

Analyst Upgrades and Downgrades

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

Atmus Filtration Technologies Stock Up 1.7 %

Shares of ATMU opened at $44.50 on Friday. The stock has a market capitalization of $3.70 billion, a PE ratio of 20.69, a P/E/G ratio of 4.76 and a beta of 1.68. Atmus Filtration Technologies Inc. has a 1 year low of $21.09 and a 1 year high of $44.66. 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 company's 50-day simple moving average is $39.52 and its 200-day simple moving average is $33.85.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.09. The business had revenue of $404.00 million for the quarter, compared to analysts' expectations of $403.40 million. Atmus Filtration Technologies had a net margin of 10.84% and a return on equity of 134.28%. The business's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 earnings per share. Analysts forecast that Atmus Filtration Technologies Inc. will post 2.45 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Thursday, October 31st were given a dividend of $0.05 per share. The ex-dividend date was Thursday, October 31st. This represents a $0.20 annualized dividend and a dividend yield of 0.45%. Atmus Filtration Technologies's dividend payout ratio is presently 9.30%.

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.