Atmus Filtration Technologies (NYSE:ATMU) Price Target Raised to $47.00 at Wells Fargo & Company

Atmus Filtration Technologies (NYSE:ATMU) had its price target raised by Wells Fargo & Company from $42.00 to $47.00 in a report released on Thursday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Several other analysts have also commented on ATMU. 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 report on Wednesday, August 20th. The Goldman Sachs Group lowered Atmus Filtration Technologies from a “buy” rating to a “neutral” rating and set a $39.00 price target on the stock. in a research note on Tuesday, May 27th. Robert W. Baird lifted their price target on Atmus Filtration Technologies from $41.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, August 11th. Finally, Wall Street Zen lowered Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 24th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Atmus Filtration Technologies has a consensus rating of “Hold” and a consensus target price of $45.40.

Atmus Filtration Technologies Stock Up 1.5%

Shares of ATMU opened at $46.50 on Thursday. The company has a current ratio of 2.15, a quick ratio of 1.43 and a debt-to-equity ratio of 1.75. Atmus Filtration Technologies has a 12 month low of $30.94 and a 12 month high of $47.10. The stock’s 50 day moving average is $42.02 and its two-hundred day moving average is $38.19. The firm has a market cap of $3.82 billion, a P/E ratio of 20.58, a PEG ratio of 5.51 and a beta of 1.65.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings data on Friday, August 8th. The company reported $0.75 EPS for the quarter, beating the consensus estimate 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 company had revenue of $453.50 million for the quarter, compared to analyst estimates of $433.51 million. During the same period last year, the company earned $0.71 earnings per share. Atmus Filtration Technologies’s quarterly revenue 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 predict that Atmus Filtration Technologies will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Increases Dividend

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

Institutional Investors Weigh In On Atmus Filtration Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ATMU. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Atmus Filtration Technologies in the 1st quarter valued at $876,000. SG Americas Securities LLC purchased a new stake in shares of Atmus Filtration Technologies in the 1st quarter valued at $324,000. Oppenheimer Asset Management Inc. raised its holdings in shares of Atmus Filtration Technologies by 12.2% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 13,585 shares of the company’s stock valued at $499,000 after buying an additional 1,482 shares during the period. Millennium Management LLC raised its holdings in shares of Atmus Filtration Technologies by 91.1% in the 4th quarter. Millennium Management LLC now owns 186,912 shares of the company’s stock valued at $7,323,000 after buying an additional 89,107 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Atmus Filtration Technologies in the 4th quarter valued at $260,000. Hedge funds and other institutional investors 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.