Intech Investment Management LLC Purchases 22,073 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Intech Investment Management LLC boosted its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 99.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 44,210 shares of the company’s stock after acquiring an additional 22,073 shares during the quarter. Intech Investment Management LLC owned approximately 0.05% of Atmus Filtration Technologies worth $1,732,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. bought a new position in shares of Atmus Filtration Technologies during the 4th quarter valued at $26,000. Nisa Investment Advisors LLC raised its holdings in Atmus Filtration Technologies by 333.1% during the fourth 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 in the last quarter. KBC Group NV lifted its position in shares of Atmus Filtration Technologies by 42.1% in the third quarter. KBC Group NV now owns 2,424 shares of the company’s stock worth $91,000 after buying an additional 718 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Atmus Filtration Technologies by 43.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 2,660 shares of the company’s stock worth $104,000 after buying an additional 800 shares during the last quarter. Finally, Ieq Capital LLC bought a new stake in shares of Atmus Filtration Technologies during the 4th quarter worth about $242,000. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ATMU has been the subject of several analyst reports. Robert W. Baird reduced their target price on Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating for the company in a report on Monday, February 24th. JPMorgan Chase & Co. reduced their price objective on shares of Atmus Filtration Technologies from $46.00 to $44.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Wells Fargo & Company lowered their target price 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, February 24th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Atmus Filtration Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $42.40.

Atmus Filtration Technologies Stock Performance

Shares of NYSE ATMU opened at $37.43 on Friday. Atmus Filtration Technologies Inc. has a 12 month low of $27.62 and a 12 month high of $45.43. The company has a market cap 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 business’s 50 day moving average is $39.76 and its two-hundred day moving average is $39.52. 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 (NYSE:ATMU) last announced its earnings results on Friday, February 21st. The company reported $0.58 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $399.24 million. On average, equities analysts expect that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

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