Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D cut its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 15.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,795 shares of the company’s stock after selling 8,884 shares during the period. State of New Jersey Common Pension Fund D owned about 0.06% of Atmus Filtration Technologies worth $1,912,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale grew its position in shares of Atmus Filtration Technologies by 4.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 14,256 shares of the company’s stock valued at $535,000 after buying an additional 626 shares during the last quarter. abrdn plc lifted its holdings in shares of Atmus Filtration Technologies by 32.5% in the third quarter. abrdn plc now owns 725,732 shares of the company’s stock valued at $27,237,000 after purchasing an additional 178,074 shares in the last quarter. Palliser Capital UK Ltd acquired a new position in shares of Atmus Filtration Technologies in the 3rd quarter valued at about $2,090,000. Harbor Capital Advisors Inc. increased its stake in shares of Atmus Filtration Technologies by 11.8% in the third quarter. Harbor Capital Advisors Inc. now owns 31,319 shares of the company’s stock worth $1,175,000 after acquiring an additional 3,311 shares during the last quarter. Finally, Jag Capital Management LLC bought a new stake in shares of Atmus Filtration Technologies in the 3rd quarter valued at approximately $266,000. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ATMU has been the topic of several research analyst reports. Robert W. Baird lowered their price target on Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday. Wells Fargo & Company decreased their price objective on shares of Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Monday. Finally, Northland Securities upped their target price on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Atmus Filtration Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $43.00.

Atmus Filtration Technologies Stock Up 1.6 %

ATMU stock opened at $38.37 on Tuesday. Atmus Filtration Technologies Inc. has a 12 month low of $22.74 and a 12 month high of $45.43. The stock has a market capitalization of $3.19 billion, a P/E ratio of 17.85, a price-to-earnings-growth ratio of 4.14 and a beta of 1.80. 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 firm has a 50-day moving average price of $40.30 and a 200-day moving average price of $39.08.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings data on Friday, February 21st. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $406.70 million for the quarter, compared to the consensus estimate of $399.24 million. Atmus Filtration Technologies had a return on equity of 134.28% and a net margin of 10.84%. As a group, equities research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.45 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Tuesday, March 4th. Atmus Filtration Technologies’s payout ratio is 9.05%.

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.