Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 7.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,181 shares of the company’s stock after selling 605 shares during the period. Principal Financial Group Inc.’s holdings in Atmus Filtration Technologies were worth $281,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ATMU. Eagle Asset Management Inc. acquired a new position in Atmus Filtration Technologies in the third quarter valued at approximately $21,635,000. Assenagon Asset Management S.A. acquired a new position in Atmus Filtration Technologies in the fourth quarter valued at approximately $14,877,000. The Manufacturers Life Insurance Company lifted its holdings in Atmus Filtration Technologies by 27.5% in the third quarter. The Manufacturers Life Insurance Company now owns 1,266,648 shares of the company’s stock valued at $47,537,000 after acquiring an additional 272,890 shares during the last quarter. Verition Fund Management LLC lifted its holdings in Atmus Filtration Technologies by 2,909.5% in the third quarter. Verition Fund Management LLC now owns 273,688 shares of the company’s stock valued at $10,272,000 after acquiring an additional 264,594 shares during the last quarter. Finally, Beaconlight Capital LLC lifted its holdings in Atmus Filtration Technologies by 488.2% in the third quarter. Beaconlight Capital LLC now owns 304,548 shares of the company’s stock valued at $11,430,000 after acquiring an additional 252,770 shares during the last quarter. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Atmus Filtration Technologies Stock Up 1.4 %

Shares of NYSE ATMU opened at $37.84 on Friday. The stock has a market cap of $3.14 billion, a P/E ratio of 17.12, a PEG ratio of 3.99 and a beta of 1.83. The business’s fifty day simple moving average is $40.13 and its 200-day simple moving average is $39.31. Atmus Filtration Technologies Inc. has a 12-month low of $23.26 and a 12-month high of $45.43. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61.

Atmus Filtration Technologies (NYSE:ATMU) last released its earnings results on Friday, February 21st. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The firm had revenue of $406.70 million during the quarter, compared to analysts’ expectations of $399.24 million. As a group, equities analysts predict that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.53%. Atmus Filtration Technologies’s payout ratio is 9.05%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wells Fargo & Company decreased their price target on Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Monday, February 24th. Northland Securities upped their price target 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. Finally, Robert W. Baird decreased their price target on Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $43.00.

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.