US Bancorp DE Has $253,000 Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

US Bancorp DE trimmed its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 7.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,886 shares of the company’s stock after selling 550 shares during the period. US Bancorp DE’s holdings in Atmus Filtration Technologies were worth $253,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. LPL Financial LLC increased its holdings in Atmus Filtration Technologies by 3.3% during the 4th quarter. LPL Financial LLC now owns 10,102 shares of the company’s stock valued at $396,000 after purchasing an additional 326 shares in the last quarter. Summit Investment Advisors Inc. increased its holdings in Atmus Filtration Technologies by 3.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,766 shares of the company’s stock valued at $343,000 after purchasing an additional 330 shares in the last quarter. Xponance Inc. increased its holdings in Atmus Filtration Technologies by 5.6% during the 1st quarter. Xponance Inc. now owns 6,792 shares of the company’s stock valued at $249,000 after purchasing an additional 358 shares in the last quarter. Hohimer Wealth Management LLC increased its holdings in Atmus Filtration Technologies by 4.5% during the 1st quarter. Hohimer Wealth Management LLC now owns 9,053 shares of the company’s stock valued at $333,000 after purchasing an additional 386 shares in the last quarter. Finally, Graham Capital Management L.P. increased its holdings in Atmus Filtration Technologies by 1.9% during the 4th quarter. Graham Capital Management L.P. now owns 27,511 shares of the company’s stock valued at $1,078,000 after purchasing an additional 511 shares in the last quarter. 32.73% of the stock is owned by institutional investors and hedge funds.

Atmus Filtration Technologies Stock Down 1.0%

Shares of ATMU opened at $45.15 on Friday. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 5.49 and a beta of 1.64. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.46 and a current ratio of 2.15. The business’s fifty day moving average price is $37.87 and its two-hundred day moving average price is $37.38. Atmus Filtration Technologies Inc. has a 52 week low of $30.94 and a 52 week high of $45.92.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings data on Friday, August 8th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. The firm had revenue of $453.50 million for the quarter, compared to analyst estimates of $433.51 million. Atmus Filtration Technologies had a return on equity of 83.23% and a net margin of 11.22%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company earned $0.71 EPS. On average, analysts predict that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be given a $0.055 dividend. The ex-dividend date is Tuesday, August 26th. This represents a $0.22 annualized dividend and a dividend yield of 0.5%. This is an increase from Atmus Filtration Technologies’s previous quarterly dividend of $0.05. Atmus Filtration Technologies’s dividend payout ratio is 8.85%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ATMU shares. The Goldman Sachs Group cut Atmus Filtration Technologies from a “buy” rating to a “neutral” rating and set a $39.00 price target for the company. in a report on Tuesday, May 27th. JPMorgan Chase & Co. raised their price target on Atmus Filtration Technologies from $38.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, May 5th. Robert W. Baird raised their price target on Atmus Filtration Technologies from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Monday. Finally, Wells Fargo & Company increased their price objective on Atmus Filtration Technologies from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 1st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Atmus Filtration Technologies has an average rating of “Moderate Buy” and an average price target of $42.80.

Atmus Filtration Technologies 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.