Cwm LLC Acquires 6,770 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Cwm LLC lifted its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 3,959.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,941 shares of the company’s stock after purchasing an additional 6,770 shares during the period. Cwm LLC’s holdings in Atmus Filtration Technologies were worth $260,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in ATMU. ProShare Advisors LLC increased its stake in Atmus Filtration Technologies by 3.1% during the second quarter. ProShare Advisors LLC now owns 11,282 shares of the company’s stock valued at $325,000 after acquiring an additional 344 shares during the period. Crossmark Global Holdings Inc. increased its stake in Atmus Filtration Technologies by 2.8% during the second quarter. Crossmark Global Holdings Inc. now owns 12,999 shares of the company’s stock valued at $374,000 after acquiring an additional 355 shares during the period. GAMMA Investing LLC increased its stake in Atmus Filtration Technologies by 103.8% during the first quarter. GAMMA Investing LLC now owns 868 shares of the company’s stock valued at $28,000 after acquiring an additional 442 shares during the period. Investment Research & Advisory Group Inc. bought a new position in Atmus Filtration Technologies during the first quarter valued at about $26,000. Finally, Evermay Wealth Management LLC bought a new position in Atmus Filtration Technologies during the first quarter valued at about $29,000. 32.73% of the stock is currently owned by institutional investors.

Insider Transactions at Atmus Filtration Technologies

In other Atmus Filtration Technologies news, Director Stephen E. Macadam bought 8,250 shares of Atmus Filtration Technologies stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average cost of $31.56 per share, with a total value of $260,370.00. Following the acquisition, the director now directly owns 32,083 shares of the company’s stock, valued at $1,012,539.48. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Stephen E. Macadam acquired 8,250 shares of Atmus Filtration Technologies stock in a transaction on Wednesday, August 7th. The shares were purchased at an average price of $31.56 per share, with a total value of $260,370.00. Following the acquisition, the director now owns 32,083 shares in the company, valued at $1,012,539.48. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 acquisition, the director now owns 19,882 shares in the company, valued at approximately $679,964.40. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.43% of the stock is owned by company insiders.

Atmus Filtration Technologies Stock Down 2.7 %

NYSE ATMU opened at $38.28 on Wednesday. The company has a current ratio of 2.07, a quick ratio of 1.30 and a debt-to-equity ratio of 3.28. The stock’s 50 day moving average is $36.15 and its two-hundred day moving average is $32.24. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 4.40 and a beta of 1.75. Atmus Filtration Technologies Inc. has a 1-year low of $18.21 and a 1-year high of $40.29.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings data on Friday, August 2nd. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.13. The company had revenue of $432.60 million for the quarter, compared to the consensus estimate of $418.33 million. Atmus Filtration Technologies had a return on equity of 187.12% and a net margin of 10.52%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.63 earnings per share. Equities analysts forecast that Atmus Filtration Technologies Inc. will post 2.33 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Thursday, October 31st will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Thursday, October 31st. Atmus Filtration Technologies’s payout ratio is currently 10.20%.

Analyst Ratings Changes

ATMU has been the topic of several research reports. Northland Securities boosted their price target on Atmus Filtration Technologies from $38.00 to $49.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. boosted their price target on Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Wells Fargo & Company boosted their price target on Atmus Filtration Technologies from $36.00 to $42.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Finally, Robert W. Baird lifted their price objective on Atmus Filtration Technologies from $37.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Atmus Filtration Technologies currently has a consensus rating of “Buy” and an average price target of $42.80.

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.