NorthRock Partners LLC Takes Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

NorthRock Partners LLC purchased a new stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 9,947 shares of the company’s stock, valued at approximately $390,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Assenagon Asset Management S.A. purchased a new position in Atmus Filtration Technologies in the fourth quarter valued at about $14,877,000. Nisa Investment Advisors LLC grew its stake in Atmus Filtration Technologies by 333.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock valued at $45,000 after purchasing an additional 876 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in Atmus Filtration Technologies in the fourth quarter valued at about $26,000. KBC Group NV grew its stake in Atmus Filtration Technologies by 67.9% in the fourth quarter. KBC Group NV now owns 4,070 shares of the company’s stock valued at $159,000 after purchasing an additional 1,646 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in Atmus Filtration Technologies by 403.3% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 75,500 shares of the company’s stock valued at $2,958,000 after purchasing an additional 60,500 shares in the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Robert W. Baird lowered their target price on Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. Wells Fargo & Company upped their price target on Atmus Filtration Technologies from $35.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. upped their price target on Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, May 5th.

Atmus Filtration Technologies Stock Performance

ATMU opened at $38.12 on Friday. The company has a market cap of $3.15 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 3.99 and a beta of 1.81. The stock has a 50-day moving average of $35.68 and a 200-day moving average of $38.96. Atmus Filtration Technologies Inc. has a 52-week low of $27.62 and a 52-week high of $45.43. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings results on Friday, May 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.04. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The company had revenue of $110.50 million during the quarter, compared to the consensus estimate of $424.03 million. During the same quarter in the prior year, the company posted $0.60 EPS. The firm’s revenue was down 2.3% on a year-over-year basis. As a group, equities research analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.20 annualized dividend and a yield of 0.52%. Atmus Filtration Technologies’s payout ratio is 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.