DekaBank Deutsche Girozentrale Buys Shares of 13,630 Atmus Filtration Technologies Inc. (NYSE:ATMU)

DekaBank Deutsche Girozentrale purchased a new position in Atmus Filtration Technologies Inc. (NYSE:ATMU) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,630 shares of the company’s stock, valued at approximately $395,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in Atmus Filtration Technologies by 366.5% in the 1st quarter. Vanguard Group Inc. now owns 8,080,641 shares of the company’s stock valued at $260,601,000 after acquiring an additional 6,348,391 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Atmus Filtration Technologies by 1.1% in the fourth quarter. Franklin Resources Inc. now owns 2,602,746 shares of the company’s stock worth $61,139,000 after purchasing an additional 29,568 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Atmus Filtration Technologies by 38.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,088,496 shares of the company’s stock worth $67,355,000 after buying an additional 583,078 shares during the period. American Century Companies Inc. lifted its holdings in Atmus Filtration Technologies by 2.8% during the 2nd quarter. American Century Companies Inc. now owns 1,981,937 shares of the company’s stock valued at $57,040,000 after buying an additional 54,051 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in Atmus Filtration Technologies by 0.7% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 1,946,220 shares of the company’s stock valued at $45,717,000 after buying an additional 13,120 shares during the period. 32.73% of the stock is owned by institutional investors.

Atmus Filtration Technologies Trading Up 1.1 %

NYSE ATMU opened at $37.14 on Friday. Atmus Filtration Technologies Inc. has a one year low of $18.21 and a one year high of $37.84. 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 company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 3.98 and a beta of 1.74. The company’s 50-day simple moving average is $32.90 and its two-hundred day simple moving average is $30.69.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.13. The company 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%. Atmus Filtration Technologies’s revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company posted $0.63 earnings per share. Equities analysts forecast that Atmus Filtration Technologies Inc. will post 2.33 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Thursday, August 1st. Atmus Filtration Technologies’s dividend payout ratio (DPR) is currently 10.20%.

Analysts Set New Price Targets

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

Insider Activity at Atmus Filtration Technologies

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

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.