Several institutional investors recently adjusted their positions in Atmus Filtration Technologies. Vanguard Group raised its stake by 366.5%, now owning 8,080,641 shares valued at $260.6 million after acquiring 6,348,391 shares. Price T Rowe Associates increased its ownership by 38.7%, holding 2,088,496 shares valued at $67.4 million following a purchase of 583,078 shares. American Century Companies raised its stake by 2.8%, owning 1,981,937 shares worth $57 million after adding 54,051 shares. Hotchkis & Wiley increased their stake by 0.7%, now owning 1,946,220 shares valued at $45.7 million after acquiring 13,120 shares. Victory Capital raised its holdings by 83.5%, now owning 1,125,679 shares worth $32.4 million after purchasing 512,390 shares. Institutional investors now hold 32.73% of the company.
Analyst Ratings Changes
Robert W. Baird raised the target price of Atmus Filtration Technologies from $36 to $37 and rated it as “outperform” on August 5. Five analysts have given the stock a “buy” rating, making the consensus rating “Buy” with a price target of $35.80 according to MarketBeat.com.
Atmus Filtration Technologies Price Performance
Atmus Filtration Technologies’ stock opened at $38.12 on Monday. It has a market cap of $3.18 billion, with a P/E ratio of 19.45. The stock’s 50-day moving average price is $34.25, and it has fluctuated between $18.21 and $38.60 over the past year. The company reported $0.71 earnings per share for the recent quarter, beating estimates and marking a 4.6% year-over-year revenue increase to $432.6 million. Analysts expect an EPS of 2.33 for the current year.
Atmus Filtration Technologies Dividend Announcement
Atmus recently declared a quarterly dividend of $0.05 per share, paid on August 14, with an annualized dividend of $0.20 and a yield of 0.52%. The payout ratio is 10.20%.
Insider Transactions
On August 7, Director Stephen E. Macadam purchased 8,250 shares at $31.56 each, totaling $260,370, increasing his ownership to 32,083 shares valued at about $1 million. On August 23, Director Gretchen R. Haggerty bought 5,849 shares for $34.20 each, totaling $200,035, increasing her ownership to 19,882 shares valued at about $680,000. Insiders currently own 0.43% of the stock.
Company Overview
Atmus Filtration Technologies Inc. designs and sells filtration products under Fleetguard globally. Their products include fuel filters, lube filters, air filters, and various chemicals for OEMs and end-users.
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