Oppenheimer Asset Management Inc. Takes $220,000 Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Oppenheimer Asset Management Inc. bought a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,661 shares of the company’s stock, valued at approximately $220,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Investment Research & Advisory Group Inc. bought a new stake in Atmus Filtration Technologies during the 1st quarter worth approximately $26,000. GAMMA Investing LLC increased its holdings in Atmus Filtration Technologies by 103.8% during the 1st 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 bought a new stake in Atmus Filtration Technologies during the 1st quarter worth approximately $29,000. Rothschild Investment LLC bought a new stake in Atmus Filtration Technologies during the 2nd quarter worth approximately $68,000. Finally, CVA Family Office LLC bought a new stake in Atmus Filtration Technologies during the 1st quarter worth approximately $85,000. Institutional investors own 32.73% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Atmus Filtration Technologies Price Performance

ATMU stock opened at $37.15 on Monday. The company has a debt-to-equity ratio of 3.28, a current ratio of 2.07 and a quick ratio of 1.30. Atmus Filtration Technologies Inc. has a one year low of $18.21 and a one year high of $37.84. The stock has a market cap of $3.10 billion, a PE ratio of 18.95, a P/E/G ratio of 3.98 and a beta of 1.75. The firm has a 50 day simple moving average of $32.90 and a two-hundred day simple moving average of $30.79.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings data on Friday, August 2nd. The company reported $0.71 earnings per share (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 company had revenue of $432.60 million during the quarter, compared to analysts’ expectations of $418.33 million. During the same quarter in the prior year, the company earned $0.63 EPS. The firm’s revenue was up 4.6% on a year-over-year basis. On average, analysts predict that Atmus Filtration Technologies Inc. will post 2.33 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Thursday, August 1st were paid a $0.05 dividend. The ex-dividend date was Thursday, August 1st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 10.20%.

Insider Activity

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