Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC lessened its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 12.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 438,152 shares of the company’s stock after selling 62,449 shares during the quarter. Kennedy Capital Management LLC owned about 0.53% of Atmus Filtration Technologies worth $17,167,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. purchased a new position in shares of Atmus Filtration Technologies during the 4th quarter worth $26,000. New Age Alpha Advisors LLC purchased a new position in shares of Atmus Filtration Technologies during the 4th quarter worth $32,000. Nisa Investment Advisors LLC lifted its stake in shares of Atmus Filtration Technologies by 333.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock worth $45,000 after purchasing an additional 876 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of 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 during the period. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Atmus Filtration Technologies during the 4th quarter worth $104,000. Institutional investors and hedge funds own 32.73% of the company’s stock.

Atmus Filtration Technologies Stock Up 12.4 %

NYSE:ATMU opened at $35.58 on Thursday. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. The stock has a 50 day moving average of $37.90 and a 200-day moving average of $39.61. The firm has a market capitalization of $2.94 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 3.99 and a beta of 1.78. 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 earnings results on Friday, February 21st. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The firm had revenue of $406.70 million during the quarter, compared to the consensus estimate of $399.24 million. Analysts predict 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. The ex-dividend date was Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.56%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is presently 9.05%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ATMU shares. Wells Fargo & Company reduced their price target on 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. Robert W. Baird dropped their target price 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. Finally, JPMorgan Chase & Co. boosted their price objective on Atmus Filtration Technologies from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Thursday, March 27th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $42.80.

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.