Atmus Filtration Technologies (NYSE:ATMU) Hits New 12-Month High at $35.88

Atmus Filtration Technologies Inc. (NYSE:ATMU) shares hit a new 52-week high on Monday . The company traded as high as $35.88 and last traded at $35.64, with a volume of 110788 shares trading hands. The stock had previously closed at $35.33.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird lifted their price target on shares of Atmus Filtration Technologies from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $35.80.

Atmus Filtration Technologies Price Performance

The company has a debt-to-equity ratio of 3.28, a quick ratio of 1.30 and a current ratio of 2.07. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 3.98 and a beta of 1.74. The company’s fifty day moving average is $32.59 and its two-hundred day moving average is $30.55.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results on Friday, August 2nd. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.13. The business had revenue of $432.60 million for the quarter, compared to analyst estimates of $418.33 million. Atmus Filtration Technologies had a net margin of 10.52% and a return on equity of 187.12%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.63 EPS. Equities research analysts forecast that Atmus Filtration Technologies Inc. will post 2.33 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Thursday, August 1st were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.56%. The ex-dividend date was Thursday, August 1st. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 10.20%.

Insider Buying and Selling

In other news, Director Stephen E. Macadam purchased 8,250 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were purchased at an average price of $31.56 per share, with a total value of $260,370.00. Following the purchase, the director now directly owns 32,083 shares of the company’s stock, valued at approximately $1,012,539.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Gretchen R. Haggerty bought 5,849 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was bought at an average price of $34.20 per share, with a total value of $200,035.80. Following the transaction, the director now owns 19,882 shares of the company’s stock, valued at $679,964.40. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stephen E. Macadam bought 8,250 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was bought at an average price of $31.56 per share, for a total transaction of $260,370.00. Following the purchase, the director now owns 32,083 shares in the company, valued at approximately $1,012,539.48. The disclosure for this purchase can be found here. 0.43% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Atmus Filtration Technologies

A number of institutional investors have recently modified their holdings of the stock. ProShare Advisors LLC raised its stake in shares of Atmus Filtration Technologies by 3.1% in 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. grew its position in shares of Atmus Filtration Technologies by 2.8% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 12,999 shares of the company’s stock valued at $374,000 after buying an additional 355 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Atmus Filtration Technologies by 103.8% during the 1st quarter. GAMMA Investing LLC now owns 868 shares of the company’s stock valued at $28,000 after buying an additional 442 shares during the last quarter. Investment Research & Advisory Group Inc. bought a new stake in shares of Atmus Filtration Technologies during the 1st quarter valued at about $26,000. Finally, Evermay Wealth Management LLC bought a new stake in shares of Atmus Filtration Technologies during the 1st quarter valued at about $29,000. Institutional investors and hedge funds own 32.73% of the company’s stock.

About Atmus Filtration Technologies

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.