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 lowered its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 7.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,679 shares of the company’s stock after selling 4,942 shares during the period. State of New Jersey Common Pension Fund D owned 0.07% of Atmus Filtration Technologies worth $2,165,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. ProShare Advisors LLC raised its holdings in shares of Atmus Filtration Technologies by 3.1% in the second quarter. ProShare Advisors LLC now owns 11,282 shares of the company’s stock valued at $325,000 after buying an additional 344 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in Atmus Filtration Technologies by 2.8% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 12,999 shares of the company’s stock valued at $374,000 after acquiring an additional 355 shares during the period. DekaBank Deutsche Girozentrale raised its stake in 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 acquiring an additional 626 shares during the last quarter. GAMMA Investing LLC lifted its position in Atmus Filtration Technologies by 89.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,641 shares of the company’s stock worth $62,000 after acquiring an additional 774 shares during the period. Finally, Evermay Wealth Management LLC acquired a new stake in Atmus Filtration Technologies during the 1st quarter worth approximately $29,000. 32.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity at Atmus Filtration Technologies

In other Atmus Filtration Technologies news, Director Gretchen R. Haggerty acquired 5,849 shares of the stock in a transaction dated Friday, August 23rd. The stock was acquired at an average price of $34.20 per share, with a total value of $200,035.80. Following the completion of the transaction, the director now directly owns 19,882 shares in the company, valued at approximately $679,964.40. This trade represents a 41.68 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.43% of the stock is currently owned by corporate insiders.

Atmus Filtration Technologies Trading Down 1.0 %

Shares of ATMU stock opened at $43.13 on Friday. Atmus Filtration Technologies Inc. has a fifty-two week low of $20.44 and a fifty-two week high of $44.66. The company has a quick ratio of 1.30, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. The business has a fifty day simple moving average of $38.23 and a 200-day simple moving average of $33.23. The stock has a market cap of $3.58 billion, a P/E ratio of 20.06, a P/E/G ratio of 4.79 and a beta of 1.68.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Friday, November 8th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.09. The company had revenue of $404.00 million during the quarter, compared to analysts’ expectations of $403.40 million. Atmus Filtration Technologies had a net margin of 10.84% and a return on equity of 134.28%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 earnings per share. On average, analysts forecast that Atmus Filtration Technologies Inc. will post 2.37 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Thursday, October 31st were issued a $0.05 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.46%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 9.30%.

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.