Atmus Filtration Technologies (NYSE:ATMU) Reaches New 12-Month High – Here’s Why

Atmus Filtration Technologies Inc. (NYSE:ATMU) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $54.84 and last traded at $53.9780, with a volume of 510406 shares. The stock had previously closed at $53.57.

Wall Street Analyst Weigh In

ATMU has been the topic of several analyst reports. Weiss Ratings reiterated 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 research note on Saturday, December 20th. JPMorgan Chase & Co. upgraded Atmus Filtration Technologies from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $53.00 to $60.00 in a research note on Wednesday, November 26th. Finally, Wells Fargo & Company lifted their price objective on Atmus Filtration Technologies from $47.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $49.00.

Atmus Filtration Technologies Price Performance

The stock has a fifty day moving average of $49.07 and a two-hundred day moving average of $43.92. The company has a current ratio of 2.14, a quick ratio of 1.41 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 3.51 and a beta of 1.58.

Atmus Filtration Technologies (NYSE:ATMU) last announced 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. Atmus Filtration Technologies had a return on equity of 76.84% and a net margin of 11.57%.The company had revenue of $447.70 million for the quarter, compared to analysts’ expectations of $415.02 million. During the same quarter in the prior year, the business earned $0.61 earnings per share. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. As a group, equities research analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. California State Teachers Retirement System boosted its position in Atmus Filtration Technologies by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 83,277 shares of the company’s stock valued at $3,033,000 after buying an additional 236 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Atmus Filtration Technologies by 31.4% in the second quarter. Bessemer Group Inc. now owns 1,138 shares of the company’s stock valued at $42,000 after acquiring an additional 272 shares during the last quarter. Verdence Capital Advisors LLC increased its position in Atmus Filtration Technologies by 2.1% in the third quarter. Verdence Capital Advisors LLC now owns 13,678 shares of the company’s stock worth $626,000 after purchasing an additional 285 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Atmus Filtration Technologies by 5.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,021 shares of the company’s stock worth $266,000 after purchasing an additional 301 shares during the last quarter. Finally, Creative Planning lifted its position in Atmus Filtration Technologies by 4.9% during the 2nd quarter. Creative Planning now owns 6,688 shares of the company’s stock valued at $244,000 after purchasing an additional 312 shares during the period. Institutional investors and hedge funds own 32.73% of the company’s stock.

Atmus Filtration Technologies Company Profile

Atmus Filtration Technologies is a global developer and manufacturer of high-performance filter media and filtration solutions. The company designs and produces advanced materials that capture airborne particles across a range of applications, from heating, ventilation and air-conditioning (HVAC) systems to industrial and cleanroom environments. By focusing on proprietary meltblown and nanofiber technologies, Atmus delivers media that balances efficiency, airflow and durability for both original equipment manufacturers (OEMs) and aftermarket customers.

The company’s product portfolio encompasses pleated and panel filter media, depth filtration products and specialty laminates used in industries such as commercial buildings, healthcare, transportation and power generation.