Atmus Filtration Technologies Inc. (NYSE:ATMU) Holdings Raised by Swiss National Bank

Swiss National Bank increased its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 163,949 shares of the company’s stock after purchasing an additional 1,200 shares during the quarter. Swiss National Bank owned approximately 0.20% of Atmus Filtration Technologies worth $6,424,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of ATMU. Daiwa Securities Group Inc. grew its position in Atmus Filtration Technologies by 43.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 2,660 shares of the company’s stock worth $104,000 after purchasing an additional 800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Atmus Filtration Technologies by 34.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,028 shares of the company’s stock valued at $902,000 after buying an additional 5,851 shares in the last quarter. AlphaQuest LLC acquired a new position in Atmus Filtration Technologies during the fourth quarter valued at $502,000. Raymond James Financial Inc. purchased a new stake in Atmus Filtration Technologies in the 4th quarter worth about $26,152,000. Finally, Jag Capital Management LLC boosted its position in Atmus Filtration Technologies by 8.1% during the 4th quarter. Jag Capital Management LLC now owns 7,653 shares of the company’s stock worth $300,000 after acquiring an additional 571 shares during the period. Institutional investors and hedge funds own 32.73% of the company’s stock.

Atmus Filtration Technologies Trading Down 2.3 %

NYSE:ATMU opened at $37.43 on Monday. The company has a market capitalization of $3.10 billion, a P/E ratio of 16.94, a P/E/G ratio of 3.99 and a beta of 1.83. The stock’s 50 day moving average price is $39.76 and its 200 day moving average price is $39.61. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11. Atmus Filtration Technologies Inc. has a 52 week low of $27.62 and a 52 week high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings results on Friday, February 21st. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $406.70 million for the quarter, compared to the consensus estimate of $399.24 million. On average, research analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were given a $0.05 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.53%. Atmus Filtration Technologies’s dividend payout ratio is currently 9.05%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ATMU shares. JPMorgan Chase & Co. dropped their target price on Atmus Filtration Technologies from $46.00 to $44.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. Robert W. Baird dropped their price objective on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. Finally, Wells Fargo & Company decreased their target price 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.40.

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.