Insider Buying: Atmus Filtration Technologies Inc. (NYSE:ATMU) Director Acquires $200,035.80 in Stock

Atmus Filtration Technologies Inc. (NYSE:ATMU) Director Gretchen R. Haggerty acquired 5,849 shares of Atmus Filtration Technologies stock in a transaction that occurred on Friday, August 23rd. The shares were purchased at an average price of $34.20 per share, with a total value of $200,035.80. Following the purchase, the director now owns 19,882 shares in the company, valued at $679,964.40. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Atmus Filtration Technologies Trading Up 3.7 %

Shares of Atmus Filtration Technologies stock opened at $35.07 on Friday. The firm’s 50 day simple moving average is $30.87 and its two-hundred day simple moving average is $29.36. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 3.67 and a beta of 1.74. Atmus Filtration Technologies Inc. has a 12-month low of $18.21 and a 12-month high of $35.31. The company has a current ratio of 2.00, a quick ratio of 1.27 and a debt-to-equity ratio of 4.83.

Atmus Filtration Technologies (NYSE:ATMU) last released its earnings results on Friday, August 2nd. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.13. Atmus Filtration Technologies had a return on equity of 314.52% and a net margin of 10.03%. The firm had revenue of $432.60 million for the quarter, compared to the consensus estimate of $418.33 million. During the same period in the prior year, the firm earned $0.63 EPS. The firm’s revenue was up 4.6% on a year-over-year basis. Analysts predict that Atmus Filtration Technologies Inc. will post 2.26 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Thursday, August 1st were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Thursday, August 1st. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 10.20%.

Wall Street Analyst Weigh In

ATMU has been the topic of several analyst reports. Wells Fargo & Company cut their price target on shares of Atmus Filtration Technologies from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Monday, May 6th. Robert W. Baird boosted their target price on Atmus Filtration Technologies from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Atmus Filtration Technologies has an average rating of “Buy” and a consensus price target of $35.80.

Hedge Funds Weigh In On Atmus Filtration Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Atmus Filtration Technologies by 366.5% in the 1st quarter. Vanguard Group Inc. now owns 8,080,641 shares of the company’s stock valued at $260,601,000 after acquiring an additional 6,348,391 shares during the last quarter. Franklin Resources Inc. lifted its position in Atmus Filtration Technologies by 1.1% during the fourth quarter. Franklin Resources Inc. now owns 2,602,746 shares of the company’s stock valued at $61,139,000 after purchasing an additional 29,568 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Atmus Filtration Technologies by 38.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,088,496 shares of the company’s stock valued at $67,355,000 after purchasing an additional 583,078 shares during the last quarter. American Century Companies Inc. grew its position in Atmus Filtration Technologies by 2.8% during the 2nd quarter. American Century Companies Inc. now owns 1,981,937 shares of the company’s stock worth $57,040,000 after purchasing an additional 54,051 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in shares of Atmus Filtration Technologies by 0.7% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 1,946,220 shares of the company’s stock valued at $45,717,000 after buying an additional 13,120 shares during the last quarter. Institutional investors and hedge funds own 32.73% of the company’s stock.

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.