JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Atmus Filtration Technologies (NYSE:ATMU) Stock

Atmus Filtration Technologies (NYSE:ATMU) had its price target increased by equities researchers at JPMorgan Chase & Co. from $47.00 to $53.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 6.08% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Wall Street Zen lowered shares of Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Wells Fargo & Company increased their price objective on Atmus Filtration Technologies from $47.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday. Weiss Ratings restated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, October 8th. Finally, Robert W. Baird lifted their target price on Atmus Filtration Technologies from $41.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, August 11th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $47.25.

Atmus Filtration Technologies Price Performance

Shares of NYSE ATMU opened at $49.96 on Monday. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.14 and a quick ratio of 1.43. The firm has a market capitalization of $4.07 billion, a PE ratio of 20.82, a P/E/G ratio of 3.29 and a beta of 1.62. Atmus Filtration Technologies has a 1-year low of $30.94 and a 1-year high of $51.84. The business’s fifty day moving average price is $45.50 and its two-hundred day moving average price is $40.85.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings results on Friday, November 7th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.61 by $0.08. The business had revenue of $447.70 million during the quarter, compared to analyst estimates of $415.02 million. Atmus Filtration Technologies had a net margin of 11.57% and a return on equity of 76.84%. The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 earnings per share. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. On average, research analysts expect that Atmus Filtration Technologies will post 2.52 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Jag Capital Management LLC bought a new stake in Atmus Filtration Technologies in the third quarter worth about $215,000. Channing Capital Management LLC grew its stake in shares of Atmus Filtration Technologies by 3,192.8% in the 3rd quarter. Channing Capital Management LLC now owns 1,715,015 shares of the company’s stock worth $77,330,000 after purchasing an additional 1,662,931 shares during the last quarter. Advyzon Investment Management LLC bought a new stake in shares of Atmus Filtration Technologies in the 3rd quarter worth approximately $204,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Atmus Filtration Technologies in the 3rd quarter worth approximately $264,000. Finally, Cornerstone Investment Partners LLC acquired a new stake in Atmus Filtration Technologies during the third quarter valued at approximately $218,000. 32.73% of the stock is owned by institutional investors and hedge funds.

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.