Atmus Filtration Technologies Inc. (NYSE:ATMU) Receives $43.80 Consensus Target Price from Brokerages

Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) have been assigned a consensus recommendation of “Hold” from the five ratings firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $43.80.

ATMU has been the topic of several research reports. Robert W. Baird boosted their price target on Atmus Filtration Technologies from $41.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, August 11th. The Goldman Sachs Group downgraded shares of Atmus Filtration Technologies from a “buy” rating to a “neutral” rating and set a $39.00 target price for the company. in a research note on Tuesday, May 27th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $46.00 price objective (up from $44.00) on shares of Atmus Filtration Technologies in a research report on Wednesday, August 20th. Wells Fargo & Company upped their target price 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. Finally, Wall Street Zen downgraded Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 24th.

Atmus Filtration Technologies Stock Performance

NYSE ATMU opened at $46.39 on Wednesday. The firm has a 50-day moving average price of $41.39 and a two-hundred day moving average price of $37.99. Atmus Filtration Technologies has a 12-month low of $30.94 and a 12-month high of $46.88. The company has a market capitalization of $3.81 billion, a P/E ratio of 20.53, a P/E/G ratio of 5.62 and a beta of 1.65. The company has a quick ratio of 1.43, a current ratio of 2.15 and a debt-to-equity ratio of 1.75.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings results on Friday, August 8th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. Atmus Filtration Technologies had a return on equity of 83.23% and a net margin of 11.22%.The business had revenue of $453.50 million during the quarter, compared to the consensus estimate of $433.51 million. During the same quarter in the previous year, the firm earned $0.71 earnings per share. Atmus Filtration Technologies’s revenue for the quarter was up 4.8% compared to the same quarter last year. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. Analysts anticipate that Atmus Filtration Technologies will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th were given a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, August 26th. This is an increase from Atmus Filtration Technologies’s previous quarterly dividend of $0.05. Atmus Filtration Technologies’s payout ratio is 9.73%.

Institutional Trading of Atmus Filtration Technologies

Several hedge funds have recently added to or reduced their stakes in ATMU. Jones Financial Companies Lllp boosted its position in Atmus Filtration Technologies by 143.1% during the first quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock worth $26,000 after purchasing an additional 412 shares during the period. SouthState Corp purchased a new stake in shares of Atmus Filtration Technologies during the 1st quarter valued at approximately $27,000. Bessemer Group Inc. boosted its holdings in Atmus Filtration Technologies by 31.4% in the 2nd quarter. Bessemer Group Inc. now owns 1,138 shares of the company’s stock worth $42,000 after buying an additional 272 shares during the period. Geneos Wealth Management Inc. grew its stake in Atmus Filtration Technologies by 93.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock valued at $49,000 after buying an additional 644 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in Atmus Filtration Technologies by 295.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,368 shares of the company’s stock valued at $54,000 after acquiring an additional 1,022 shares during the period. 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.