Atmus Filtration Technologies (NYSE:ATMU) Reaches New 52-Week High at $38.23

Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) reached a new 52-week high during trading on Thursday . The stock traded as high as $38.23 and last traded at $38.23, with a volume of 179936 shares traded. The stock had previously closed at $37.17.

Analyst Ratings Changes

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

Atmus Filtration Technologies Price Performance

The stock has a market cap of $3.14 billion, a PE ratio of 19.26, a P/E/G ratio of 4.21 and a beta of 1.75. The company has a debt-to-equity ratio of 3.28, a current ratio of 2.07 and a quick ratio of 1.30. The business has a fifty day moving average of $33.96 and a 200 day moving average of $31.42.

Atmus Filtration Technologies (NYSE:ATMU) last released 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. 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 during the quarter, compared to analyst estimates of $418.33 million. During the same quarter in the previous year, the firm earned $0.63 earnings per share. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. Sell-side analysts anticipate that Atmus Filtration Technologies Inc. will post 2.33 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Thursday, August 1st were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Thursday, August 1st. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 10.20%.

Insider Transactions at Atmus Filtration Technologies

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

Institutional Investors Weigh In On Atmus Filtration Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Atmus Filtration Technologies by 366.5% during the first quarter. Vanguard Group Inc. now owns 8,080,641 shares of the company’s stock valued at $260,601,000 after purchasing an additional 6,348,391 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Atmus Filtration Technologies by 38.7% in the first 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. grew its holdings in shares of Atmus Filtration Technologies by 2.8% during the second 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. Hotchkis & Wiley Capital Management LLC lifted its stake 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 worth $45,717,000 after acquiring an additional 13,120 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in Atmus Filtration Technologies by 83.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,125,679 shares of the company’s stock valued at $32,397,000 after acquiring an additional 512,390 shares in the last quarter. 32.73% of the stock is owned by institutional investors and hedge funds.

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.