Principal Financial Group Inc. Has $292,000 Stock Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Principal Financial Group Inc. reduced its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 31.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,786 shares of the company’s stock after selling 3,534 shares during the quarter. Principal Financial Group Inc.’s holdings in Atmus Filtration Technologies were worth $292,000 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. Thrivent Financial for Lutherans raised its stake in Atmus Filtration Technologies by 854.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 185,745 shares of the company’s stock valued at $5,346,000 after acquiring an additional 166,274 shares during the period. Davidson Kempner Capital Management LP bought a new position in shares of Atmus Filtration Technologies in the second quarter valued at about $15,475,000. Algert Global LLC raised its position in shares of Atmus Filtration Technologies by 516.7% in the third quarter. Algert Global LLC now owns 161,513 shares of the company’s stock valued at $6,062,000 after purchasing an additional 135,325 shares during the period. Hsbc Holdings PLC acquired a new stake in shares of Atmus Filtration Technologies during the 2nd quarter worth about $1,396,000. Finally, Gabelli Funds LLC bought a new stake in shares of Atmus Filtration Technologies during the 2nd quarter worth about $561,000. Institutional investors and hedge funds own 32.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Robert W. Baird increased their price target on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Wells Fargo & Company cut Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $42.00 to $45.00 in a report on Monday, November 11th. Northland Securities upped their price objective on Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. lifted their target price on Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Atmus Filtration Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $44.80.

Atmus Filtration Technologies Stock Up 0.7 %

NYSE ATMU opened at $39.46 on Tuesday. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 4.42 and a beta of 1.80. The company has a 50 day moving average of $41.16 and a 200-day moving average of $36.27. Atmus Filtration Technologies Inc. has a 1-year low of $21.09 and a 1-year high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.09. The firm had revenue of $404.00 million during the quarter, compared to analysts’ expectations of $403.40 million. Atmus Filtration Technologies had a return on equity of 134.28% and a net margin of 10.84%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.52 EPS. On average, equities research analysts expect that Atmus Filtration Technologies Inc. will post 2.45 earnings per share for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Thursday, October 31st were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Thursday, October 31st. Atmus Filtration Technologies’s dividend payout ratio is currently 9.30%.

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.