Northland Securities Boosts Atmus Filtration Technologies (NYSE:ATMU) Price Target to $50.00

Atmus Filtration Technologies (NYSE:ATMU) had its price objective raised by research analysts at Northland Securities from $49.00 to $50.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Northland Securities’ target price indicates a potential upside of 14.76% from the company’s current price.

Several other equities research analysts have also recently commented on the stock. Wells Fargo & Company cut shares of Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $42.00 to $45.00 in a research report on Monday. JPMorgan Chase & Co. lifted their price target on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Finally, Robert W. Baird lifted their price target on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an “outperform” rating in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $44.80.

Atmus Filtration Technologies Trading Up 2.4 %

Shares of NYSE ATMU opened at $43.57 on Tuesday. Atmus Filtration Technologies has a 1-year low of $20.05 and a 1-year high of $44.66. The company has a market cap of $3.62 billion, a PE ratio of 20.30, a P/E/G ratio of 4.79 and a beta of 1.68. The company has a current ratio of 2.11, a quick ratio of 1.30 and a debt-to-equity ratio of 2.61. The company has a 50-day moving average of $38.02 and a two-hundred day moving average of $33.15.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Friday, November 8th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.09. Atmus Filtration Technologies had a net margin of 10.84% and a return on equity of 134.28%. The company had revenue of $404.00 million during the quarter, compared to the consensus estimate of $403.40 million. During the same period in the previous year, the firm posted $0.52 earnings per share. The company’s revenue was up 2.0% on a year-over-year basis. As a group, equities analysts expect that Atmus Filtration Technologies will post 2.37 earnings per share for the current fiscal year.

Insider Activity at Atmus Filtration Technologies

In other news, Director Gretchen R. Haggerty acquired 5,849 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was purchased at an average price of $34.20 per share, for a total transaction of $200,035.80. Following the completion of the acquisition, the director now owns 19,882 shares in the company, valued at $679,964.40. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ATMU. Evermay Wealth Management LLC acquired a new position in shares of Atmus Filtration Technologies in the first quarter valued at approximately $29,000. Quarry LP acquired a new position in shares of Atmus Filtration Technologies in the second quarter valued at approximately $29,000. GAMMA Investing LLC boosted its holdings in shares of Atmus Filtration Technologies by 89.3% in the third quarter. GAMMA Investing LLC now owns 1,641 shares of the company’s stock valued at $62,000 after buying an additional 774 shares during the period. Rothschild Investment LLC acquired a new position in shares of Atmus Filtration Technologies in the second quarter valued at approximately $68,000. Finally, KBC Group NV boosted its holdings in shares of Atmus Filtration Technologies by 42.1% in the third quarter. KBC Group NV now owns 2,424 shares of the company’s stock valued at $91,000 after buying an additional 718 shares during the period. 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.