Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Bought by Rhumbline Advisers

Rhumbline Advisers raised its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 12.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 115,781 shares of the company’s stock after purchasing an additional 13,188 shares during the quarter. Rhumbline Advisers owned about 0.14% of Atmus Filtration Technologies worth $3,332,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Investment Research & Advisory Group Inc. acquired a new position in Atmus Filtration Technologies in the first quarter valued at $26,000. GAMMA Investing LLC increased its stake in shares of Atmus Filtration Technologies by 103.8% during the first quarter. GAMMA Investing LLC now owns 868 shares of the company’s stock worth $28,000 after acquiring an additional 442 shares during the period. Evermay Wealth Management LLC acquired a new position in shares of Atmus Filtration Technologies during the first quarter worth about $29,000. Rothschild Investment LLC acquired a new position in shares of Atmus Filtration Technologies during the second quarter worth about $68,000. Finally, CVA Family Office LLC acquired a new position in shares of Atmus Filtration Technologies during the first quarter worth about $85,000. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Atmus Filtration Technologies Price Performance

Atmus Filtration Technologies stock opened at $35.87 on Wednesday. The firm has a fifty day moving average of $32.44 and a 200-day moving average of $30.51. The firm has a market capitalization of $2.99 billion, a P/E ratio of 18.30, a PEG ratio of 3.98 and a beta of 1.75. Atmus Filtration Technologies Inc. has a 52-week low of $18.21 and a 52-week high of $36.55. The company has a quick ratio of 1.30, a current ratio of 2.07 and a debt-to-equity ratio of 3.28.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings data on Friday, August 2nd. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.13. Atmus Filtration Technologies had a net margin of 10.52% and a return on equity of 187.12%. The firm had revenue of $432.60 million for the quarter, compared to the consensus estimate of $418.33 million. During the same period in the prior year, the firm posted $0.63 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year. As a group, analysts predict that Atmus Filtration Technologies Inc. will post 2.33 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

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

Insider Buying and Selling at Atmus Filtration Technologies

In related news, Director Gretchen R. Haggerty acquired 5,849 shares of Atmus Filtration Technologies stock in a transaction on Friday, August 23rd. The shares were purchased at an average cost of $34.20 per share, for a total transaction of $200,035.80. Following the purchase, the director now directly 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 can be accessed through the SEC website. In other Atmus Filtration Technologies news, Director Gretchen R. Haggerty purchased 5,849 shares of Atmus Filtration Technologies stock in a transaction dated Friday, August 23rd. The shares were bought at an average cost of $34.20 per share, for a total transaction of $200,035.80. Following the transaction, the director now owns 19,882 shares in the company, valued at approximately $679,964.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephen E. Macadam purchased 8,250 shares of Atmus Filtration Technologies stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average price of $31.56 per share, for a total transaction of $260,370.00. Following the completion of the transaction, 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.

Analyst Upgrades and Downgrades

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

Atmus Filtration Technologies 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.