United Capital Financial Advisors LLC purchased a new position in Atmus Filtration Technologies Inc. (NYSE:ATMU – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,342 shares of the company’s stock, valued at approximately $1,037,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of ATMU. BlackRock Inc. purchased a new stake in Atmus Filtration Technologies during the 2nd quarter valued at about $631,617,000. Price T Rowe Associates Inc. MD lifted its stake in Atmus Filtration Technologies by 14.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,677,884 shares of the company’s stock worth $242,830,000 after purchasing an additional 596,553 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Atmus Filtration Technologies by 5.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,200,311 shares of the company’s stock worth $166,128,000 after purchasing an additional 163,659 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Atmus Filtration Technologies by 22.7% during the 4th quarter. Invesco Ltd. now owns 2,728,470 shares of the company’s stock worth $141,635,000 after purchasing an additional 504,647 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Atmus Filtration Technologies by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 2,428,684 shares of the company’s stock valued at $126,088,000 after purchasing an additional 54,376 shares in the last quarter. 32.73% of the stock is owned by hedge funds and other institutional investors.
Atmus Filtration Technologies Trading Down 2.4%
Shares of NYSE ATMU opened at $47.65 on Friday. The company has a current ratio of 2.65, a quick ratio of 1.83 and a debt-to-equity ratio of 2.18. The stock has a market capitalization of $3.89 billion, a PE ratio of 18.26, a PEG ratio of 2.01 and a beta of 1.19. Atmus Filtration Technologies Inc. has a twelve month low of $42.60 and a twelve month high of $66.50. The stock has a fifty day simple moving average of $51.19 and a 200-day simple moving average of $55.01.
Atmus Filtration Technologies Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Thursday, August 27th will be issued a dividend of $0.06 per share. This is a boost from Atmus Filtration Technologies’s previous quarterly dividend of $0.06. The ex-dividend date is Thursday, August 27th. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is currently 9.20%.
Insider Buying and Selling
In related news, CFO Jack Kienzler sold 5,132 shares of Atmus Filtration Technologies stock in a transaction on Monday, June 1st. The stock was sold at an average price of $45.25, for a total value of $232,223.00. Following the completion of the transaction, the chief financial officer directly owned 75,804 shares in the company, valued at approximately $3,430,131. This trade represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Stephen E. Macadam purchased 2,000 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were bought at an average price of $49.78 per share, for a total transaction of $99,560.00. Following the acquisition, the director owned 40,588 shares in the company, valued at $2,020,470.64. This trade represents a 5.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold a total of 40,110 shares of company stock worth $1,836,804 over the last three months. 0.43% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on ATMU shares. Weiss Ratings cut Atmus Filtration Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Robert W. Baird lowered their price objective on Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. JPMorgan Chase & Co. dropped their target price on Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating for the company in a report on Monday, May 4th. Wells Fargo & Company started coverage on Atmus Filtration Technologies in a research note on Monday, August 3rd. They issued an “equal weight” rating and a $56.00 target price for the company. Finally, Wall Street Zen lowered Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a report on Sunday, June 14th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.
View Our Latest Stock Report on ATMU
About Atmus Filtration Technologies
Atmus Filtration Technologies is a global developer and manufacturer of high-performance filter media and filtration solutions. The company designs and produces advanced materials that capture airborne particles across a range of applications, from heating, ventilation and air-conditioning (HVAC) systems to industrial and cleanroom environments. By focusing on proprietary meltblown and nanofiber technologies, Atmus delivers media that balances efficiency, airflow and durability for both original equipment manufacturers (OEMs) and aftermarket customers.
The company’s product portfolio encompasses pleated and panel filter media, depth filtration products and specialty laminates used in industries such as commercial buildings, healthcare, transportation and power generation.
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