Insider Buying: Atmus Filtration Technologies Inc. (NYSE:ATMU) Director Buys $260,370.00 in Stock

Atmus Filtration Technologies Inc. (NYSE:ATMU) Director Stephen E. Macadam acquired 8,250 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were acquired at an average price of $31.56 per share, with a total value of $260,370.00. Following the completion of the purchase, the director now owns 32,083 shares in the company, valued at approximately $1,012,539.48. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Atmus Filtration Technologies Price Performance

Atmus Filtration Technologies stock opened at $32.70 on Friday. Atmus Filtration Technologies Inc. has a 52-week low of $18.21 and a 52-week high of $33.70. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 3.67 and a beta of 1.74. The company has a fifty day simple moving average of $29.51 and a 200-day simple moving average of $28.25. The company has a quick ratio of 1.27, a current ratio of 2.00 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, topping analysts’ consensus estimates of $0.58 by $0.13. Atmus Filtration Technologies had a net margin of 10.03% and a return on equity of 314.52%. The business had revenue of $432.60 million during the quarter, compared to analyst estimates of $418.33 million. During the same quarter in the prior year, the firm earned $0.63 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities analysts anticipate that Atmus Filtration Technologies Inc. will post 2.26 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Thursday, August 1st will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Thursday, August 1st. Atmus Filtration Technologies’s payout ratio is 10.20%.

Analysts Set New Price Targets

ATMU has been the subject of several recent research reports. The Goldman Sachs Group lifted their target price on shares of Atmus Filtration Technologies from $30.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Robert W. Baird lifted their target price on shares of Atmus Filtration Technologies from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, August 5th. JPMorgan Chase & Co. lifted their target price on shares of Atmus Filtration Technologies from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Finally, Wells Fargo & Company cut their target price on shares of Atmus Filtration Technologies from $37.00 to $36.00 and set an “overweight” rating for the company in a report on Monday, May 6th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $35.80.

Institutional Investors Weigh In On Atmus Filtration Technologies

A number of large investors have recently modified their holdings of ATMU. Investment Research & Advisory Group Inc. acquired a new position in shares of Atmus Filtration Technologies during the 1st quarter valued at about $26,000. GAMMA Investing LLC boosted its position in shares of Atmus Filtration Technologies by 103.8% during the 1st quarter. GAMMA Investing LLC now owns 868 shares of the company’s stock valued at $28,000 after acquiring an additional 442 shares during the last quarter. Evermay Wealth Management LLC acquired a new position in shares of Atmus Filtration Technologies during the 1st quarter valued at about $29,000. Global Retirement Partners LLC acquired a new position in shares of Atmus Filtration Technologies during the 1st quarter valued at about $32,000. Finally, Rothschild Investment LLC acquired a new position in shares of Atmus Filtration Technologies during the 2nd quarter valued at about $68,000. Hedge funds and other institutional investors own 32.73% of the company’s stock.

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.