Hohimer Wealth Management LLC Invests $308,000 in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Hohimer Wealth Management LLC purchased a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 8,203 shares of the company’s stock, valued at approximately $308,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Quarry LP acquired a new stake in shares of Atmus Filtration Technologies in the second quarter worth $29,000. GAMMA Investing LLC increased its holdings in Atmus Filtration Technologies by 89.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,641 shares of the company’s stock valued at $62,000 after purchasing an additional 774 shares in the last quarter. Rothschild Investment LLC purchased a new position in Atmus Filtration Technologies in the second quarter valued at about $68,000. KBC Group NV lifted its stake in shares of Atmus Filtration Technologies by 42.1% during the third quarter. KBC Group NV now owns 2,424 shares of the company’s stock worth $91,000 after purchasing an additional 718 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Atmus Filtration Technologies in the second quarter worth about $115,000. 32.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ATMU shares. Wells Fargo & Company downgraded Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $42.00 to $45.00 in a report on Monday, November 11th. JPMorgan Chase & Co. lifted their price objective on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Robert W. Baird raised their price target on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Finally, Northland Securities boosted their price objective on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Atmus Filtration Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $44.80.

Atmus Filtration Technologies Stock Performance

Shares of ATMU opened at $40.78 on Wednesday. Atmus Filtration Technologies Inc. has a 52-week low of $21.09 and a 52-week high of $45.43. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 4.64 and a beta of 1.69. The business’s 50 day moving average is $40.97 and its two-hundred day moving average is $34.96.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.09. The firm had revenue of $404.00 million for the quarter, compared to the consensus estimate of $403.40 million. Atmus Filtration Technologies had a net margin of 10.84% and a return on equity of 134.28%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 EPS. Analysts forecast that Atmus Filtration Technologies Inc. will post 2.45 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Thursday, October 31st were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Thursday, October 31st. Atmus Filtration Technologies’s dividend payout ratio is presently 9.30%.

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.