Atmus Filtration Technologies Inc. (NYSE:ATMU) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) have received a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $49.00.

ATMU has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised shares of Atmus Filtration Technologies from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $53.00 to $60.00 in a research report on Wednesday, November 26th. Wells Fargo & Company upped their price objective on shares of Atmus Filtration Technologies from $47.00 to $52.00 and gave the company an “equal weight” rating in a research note on Monday, November 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 15th.

Atmus Filtration Technologies Price Performance

Shares of NYSE:ATMU opened at $52.99 on Friday. The company’s fifty day moving average is $48.27 and its two-hundred day moving average is $43.38. The company has a market cap of $4.32 billion, a P/E ratio of 22.08, a price-to-earnings-growth ratio of 3.45 and a beta of 1.58. Atmus Filtration Technologies has a 12-month low of $30.94 and a 12-month high of $54.29. The company has a quick ratio of 1.41, a current ratio of 2.14 and a debt-to-equity ratio of 1.63.

Atmus Filtration Technologies (NYSE:ATMU) last issued its 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 analysts’ expectations of $415.02 million. Atmus Filtration Technologies had a return on equity of 76.84% and a net margin of 11.57%.Atmus Filtration Technologies’s revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.61 earnings per share. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. Equities analysts expect that Atmus Filtration Technologies will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th were paid a $0.055 dividend. The ex-dividend date was Tuesday, November 25th. This represents a $0.22 dividend on an annualized basis and a yield of 0.4%. Atmus Filtration Technologies’s payout ratio is 9.17%.

Institutional Investors Weigh In On Atmus Filtration Technologies

Several institutional investors have recently made changes to their positions in the company. Tudor Investment Corp ET AL bought a new stake in shares of Atmus Filtration Technologies in the 3rd quarter valued at approximately $1,278,000. CIBC Bancorp USA Inc. acquired a new stake in Atmus Filtration Technologies in the third quarter valued at approximately $402,000. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Atmus Filtration Technologies by 2.8% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 94,200 shares of the company’s stock valued at $4,247,000 after acquiring an additional 2,600 shares during the last quarter. Dark Forest Capital Management LP grew its position in Atmus Filtration Technologies by 62.8% in the third quarter. Dark Forest Capital Management LP now owns 125,436 shares of the company’s stock worth $5,656,000 after acquiring an additional 48,382 shares in the last quarter. Finally, Voloridge Investment Management LLC increased its stake in shares of Atmus Filtration Technologies by 17.9% during the 3rd quarter. Voloridge Investment Management LLC now owns 236,026 shares of the company’s stock worth $10,642,000 after purchasing an additional 35,895 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.