Atmus Filtration Technologies (NYSE:ATMU) Reaches New 1-Year High – What’s Next?

Atmus Filtration Technologies Inc. (NYSE:ATMU)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $42.45 and last traded at $42.39, with a volume of 4917 shares. The stock had previously closed at $39.50.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ATMU shares. Northland Securities lifted their price objective on Atmus Filtration Technologies from $38.00 to $49.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Wells Fargo & Company boosted their target price on shares of Atmus Filtration Technologies from $36.00 to $42.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Robert W. Baird boosted their price objective on shares of Atmus Filtration Technologies from $37.00 to $42.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. raised their target price on Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $42.80.

Atmus Filtration Technologies Stock Performance

The company has a fifty day moving average of $37.26 and a two-hundred day moving average of $32.75. The company has a debt-to-equity ratio of 3.28, a quick ratio of 1.30 and a current ratio of 2.07. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 18.99, a P/E/G ratio of 4.45 and a beta of 1.68.

Atmus Filtration Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Thursday, October 31st will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, October 31st. This represents a $0.20 annualized dividend and a yield of 0.48%. Atmus Filtration Technologies’s dividend payout ratio is presently 9.62%.

Insider Buying and Selling at Atmus Filtration Technologies

In other Atmus Filtration Technologies news, 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 bought at an average price of $34.20 per share, with a total value of $200,035.80. Following the completion of the purchase, the director now directly owns 19,882 shares in the company, valued at $679,964.40. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On Atmus Filtration Technologies

A number of hedge funds have recently made changes to their positions in ATMU. Quantbot Technologies LP bought a new stake in shares of Atmus Filtration Technologies in the 1st quarter valued at $7,716,000. SG Americas Securities LLC grew its holdings in Atmus Filtration Technologies by 74.2% during the 1st quarter. SG Americas Securities LLC now owns 10,705 shares of the company’s stock worth $345,000 after acquiring an additional 4,561 shares during the period. Brooklyn Investment Group bought a new position in shares of Atmus Filtration Technologies in the 1st quarter worth about $209,000. Forsta AP Fonden bought a new stake in shares of Atmus Filtration Technologies during the 1st quarter valued at about $334,000. Finally, Swiss National Bank grew its position in shares of Atmus Filtration Technologies by 472.5% during the 1st quarter. Swiss National Bank now owns 188,349 shares of the company’s stock worth $6,074,000 after buying an additional 155,449 shares during the period. 32.73% of the stock is currently owned by institutional investors.

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.