Royce & Associates LP Decreases Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Royce & Associates LP trimmed its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 11.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 643,946 shares of the company’s stock after selling 83,308 shares during the quarter. Royce & Associates LP owned approximately 0.77% of Atmus Filtration Technologies worth $25,230,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ATMU. Raymond James Financial Inc. purchased a new stake in shares of Atmus Filtration Technologies in the fourth quarter valued at $26,152,000. Eagle Asset Management Inc. purchased a new stake in shares of Atmus Filtration Technologies in the third quarter valued at $21,635,000. Assenagon Asset Management S.A. purchased a new stake in shares of Atmus Filtration Technologies in the fourth quarter valued at $14,877,000. The Manufacturers Life Insurance Company lifted its position in shares of Atmus Filtration Technologies by 27.5% in the third quarter. The Manufacturers Life Insurance Company now owns 1,266,648 shares of the company’s stock valued at $47,537,000 after acquiring an additional 272,890 shares in the last quarter. Finally, Verition Fund Management LLC lifted its position in shares of Atmus Filtration Technologies by 2,909.5% in the third quarter. Verition Fund Management LLC now owns 273,688 shares of the company’s stock valued at $10,272,000 after acquiring an additional 264,594 shares in the last quarter. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ATMU has been the topic of several recent research reports. Robert W. Baird reduced their price objective on Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. Wells Fargo & Company dropped their target price on 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 analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Atmus Filtration Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $43.00.

Atmus Filtration Technologies Stock Performance

Atmus Filtration Technologies stock opened at $36.72 on Monday. The firm has a market capitalization of $3.04 billion, a P/E ratio of 16.62, a PEG ratio of 3.99 and a beta of 1.83. The stock has a fifty day moving average price of $39.92 and a 200 day moving average price of $39.50. Atmus Filtration Technologies Inc. has a 52 week low of $25.51 and a 52 week high of $45.43. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61.

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. The company had revenue of $406.70 million during the quarter, compared to analyst estimates of $399.24 million. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. Equities research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.20 annualized dividend and a yield of 0.54%. Atmus Filtration Technologies’s dividend payout ratio is presently 9.05%.

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.