Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 5.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 753,495 shares of the company’s stock after acquiring an additional 40,352 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.91% of Atmus Filtration Technologies worth $29,522,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Glenmede Trust Co. NA increased its position in shares of Atmus Filtration Technologies by 0.7% during the third quarter. Glenmede Trust Co. NA now owns 41,275 shares of the company’s stock worth $1,549,000 after acquiring an additional 303 shares during the period. Geneos Wealth Management Inc. purchased a new stake in Atmus Filtration Technologies during the 4th quarter worth about $26,000. KBC Group NV raised its position in Atmus Filtration Technologies by 42.1% in the 3rd quarter. KBC Group NV now owns 2,424 shares of the company’s stock valued at $91,000 after purchasing an additional 718 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Atmus Filtration Technologies by 333.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock valued at $45,000 after buying an additional 876 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Atmus Filtration Technologies by 9.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,177 shares of the company’s stock worth $645,000 after buying an additional 1,442 shares in the last quarter. 32.73% of the stock is owned by institutional investors and hedge funds.

Atmus Filtration Technologies Stock Performance

Shares of Atmus Filtration Technologies stock opened at $37.00 on Tuesday. The firm has a market capitalization of $3.07 billion, a P/E ratio of 16.74, a P/E/G ratio of 3.99 and a beta of 1.83. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. Atmus Filtration Technologies Inc. has a 52 week low of $25.51 and a 52 week high of $45.43. The firm’s 50 day moving average is $39.87 and its two-hundred day moving average is $39.52.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings results on Friday, February 21st. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. The firm had revenue of $406.70 million for the quarter, compared to analyst estimates of $399.24 million. Research analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. 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 presently 9.05%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ATMU. Wells Fargo & Company decreased their price target on shares of Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating for the company in a research note on Monday, February 24th. Robert W. Baird decreased their price objective on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $43.00.

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.