Wells Fargo & Company Increases Atmus Filtration Technologies (NYSE:ATMU) Price Target to $52.00

Atmus Filtration Technologies (NYSE:ATMU) had its price target raised by analysts at Wells Fargo & Company from $47.00 to $52.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 4.08% from the company’s current price.

ATMU has been the topic of several other reports. Weiss Ratings restated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, October 8th. Wall Street Zen lowered Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. JPMorgan Chase & Co. boosted their price objective on Atmus Filtration Technologies from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Tuesday, October 14th. Finally, Robert W. Baird raised their target price on Atmus Filtration Technologies from $41.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, August 11th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Atmus Filtration Technologies presently has a consensus rating of “Hold” and an average target price of $47.25.

Atmus Filtration Technologies Price Performance

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. Atmus Filtration Technologies has a one year low of $30.94 and a one year high of $51.84. The company has a fifty day moving average price of $45.50 and a 200 day moving average price of $40.85. The stock has a market cap of $4.07 billion, a P/E ratio of 20.82, a PEG ratio of 3.29 and a beta of 1.62.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings results on Friday, November 7th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.08. The company had revenue of $447.70 million for 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 business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the business posted $0.61 EPS. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. Analysts anticipate that Atmus Filtration Technologies will post 2.52 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Eminence Capital LP boosted its stake in shares of Atmus Filtration Technologies by 12.0% in the 2nd quarter. Eminence Capital LP now owns 6,448,993 shares of the company’s stock valued at $234,872,000 after purchasing an additional 691,939 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Atmus Filtration Technologies by 24.5% during the 1st quarter. Wellington Management Group LLP now owns 2,425,657 shares of the company’s stock worth $89,094,000 after purchasing an additional 478,018 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Atmus Filtration Technologies by 20.8% during the 2nd quarter. Geode Capital Management LLC now owns 2,365,362 shares of the company’s stock valued at $86,154,000 after purchasing an additional 407,484 shares during the last quarter. Invesco Ltd. boosted its position in Atmus Filtration Technologies by 1.5% in the second quarter. Invesco Ltd. now owns 2,189,677 shares of the company’s stock valued at $79,748,000 after buying an additional 31,827 shares in the last quarter. Finally, State Street Corp grew its stake in Atmus Filtration Technologies by 0.7% during the second quarter. State Street Corp now owns 1,953,607 shares of the company’s stock worth $71,150,000 after buying an additional 14,269 shares during the last quarter. 32.73% of the stock is currently 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.