Atmus Filtration Technologies Inc. $ATMU Shares Sold by State of Wyoming

State of Wyoming cut its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 64.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,469 shares of the company’s stock after selling 11,529 shares during the quarter. State of Wyoming’s holdings in Atmus Filtration Technologies were worth $281,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in Atmus Filtration Technologies by 366.7% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 25,200 shares of the company’s stock valued at $1,094,000 after buying an additional 19,800 shares during the period. Pinnacle Wealth Planning Services Inc. lifted its stake in Atmus Filtration Technologies by 1,581.2% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,614 shares of the company’s stock worth $70,000 after purchasing an additional 1,518 shares during the last quarter. Moody Aldrich Partners LLC grew its holdings in shares of Atmus Filtration Technologies by 4.2% during the 3rd quarter. Moody Aldrich Partners LLC now owns 75,415 shares of the company’s stock valued at $3,275,000 after purchasing an additional 3,017 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Atmus Filtration Technologies during the third quarter valued at about $227,000. Finally, Sterling Capital Management LLC increased its position in Atmus Filtration Technologies by 584.7% during the 3rd quarter. Sterling Capital Management LLC now owns 2,677 shares of the company’s stock valued at $116,000 after purchasing an additional 2,286 shares during the period. Institutional investors and hedge funds own 32.73% of the company’s stock.

Atmus Filtration Technologies Stock Performance

Shares of ATMU stock opened at $46.14 on Friday. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 2.01 and a beta of 1.17. The stock has a fifty day moving average of $45.30 and a 200 day moving average of $52.91. Atmus Filtration Technologies Inc. has a 52 week low of $40.75 and a 52 week high of $66.50. The company has a quick ratio of 1.83, a current ratio of 2.65 and a debt-to-equity ratio of 2.18.

Atmus Filtration Technologies (NYSE:ATMU) last released its earnings results on Friday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.04. Atmus Filtration Technologies had a net margin of 11.32% and a return on equity of 59.85%. The firm had revenue of $527.90 million during the quarter, compared to analyst estimates of $507.02 million. During the same period last year, the business earned $0.75 earnings per share. The business’s revenue was up 16.5% on a year-over-year basis. As a group, research analysts expect that Atmus Filtration Technologies Inc. will post 2.97 earnings per share for the current year.

Atmus Filtration Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Thursday, August 27th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. This is a positive change from Atmus Filtration Technologies’s previous quarterly dividend of $0.0550. The ex-dividend date was Thursday, August 27th. Atmus Filtration Technologies’s payout ratio is currently 9.20%.

Insider Activity at Atmus Filtration Technologies

In related news, Director Stephen E. Macadam bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were bought at an average cost of $49.78 per share, with a total value of $99,560.00. Following the acquisition, the director owned 40,588 shares in the company, valued at $2,020,470.64. This trade represents a 5.18% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Renee Swan sold 3,870 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $50.89, for a total value of $196,944.30. Following the transaction, the insider owned 46,875 shares of the company’s stock, valued at approximately $2,385,468.75. This trade represents a 7.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 0.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. dropped their price target on Atmus Filtration Technologies from $67.00 to $54.00 and set an “overweight” rating on the stock in a research note on Thursday, October 8th. Weiss Ratings upgraded Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Finally, Wells Fargo & Company began coverage on shares of Atmus Filtration Technologies in a report on Monday, August 3rd. They issued an “equal weight” rating and a $56.00 price target on the stock. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $57.67.

Atmus Filtration Technologies Profile

Atmus Filtration Technologies Inc (NYSE: ATMU) is a filtration products and solutions company serving the commercial vehicle, industrial, agriculture, construction, mining and power-generation markets. The company develops and manufactures filtration technologies designed to protect engines, equipment and other critical systems while supporting performance and maintenance requirements.

Atmus’s product portfolio includes air, fuel, lube and hydraulic filtration products, as well as solutions for emissions control, crankcase ventilation and coolant management.