Atmus Filtration Technologies (NYSE:ATMU) Price Target Raised to $69.00 at Robert W. Baird

Atmus Filtration Technologies (NYSE:ATMU) had its target price lifted by Robert W. Baird from $59.00 to $69.00 in a research report released on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also issued reports on ATMU. Wall Street Zen raised shares of Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 14th. Weiss Ratings reissued a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, January 21st. JPMorgan Chase & Co. lifted their target price on shares of Atmus Filtration Technologies from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Wells Fargo & Company upped their target price on shares of Atmus Filtration Technologies from $54.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Zacks Research cut Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Atmus Filtration Technologies presently has an average rating of “Moderate Buy” and an average target price of $59.75.

Atmus Filtration Technologies Price Performance

Shares of Atmus Filtration Technologies stock opened at $64.27 on Wednesday. The stock has a market cap of $5.24 billion, a P/E ratio of 25.71, a P/E/G ratio of 2.82 and a beta of 1.56. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.41 and a current ratio of 2.42. The stock’s fifty day moving average is $56.63 and its 200 day moving average is $49.60. Atmus Filtration Technologies has a one year low of $30.94 and a one year high of $66.00.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings results on Friday, February 13th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.09. Atmus Filtration Technologies had a return on equity of 69.78% and a net margin of 11.76%.The business had revenue of $446.60 million during the quarter, compared to analyst estimates of $422.25 million. During the same quarter in the previous year, the company posted $0.58 earnings per share. Atmus Filtration Technologies’s revenue for the quarter was up 9.8% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. Sell-side analysts anticipate that Atmus Filtration Technologies will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Friday, February 20th will be issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, February 20th. Atmus Filtration Technologies’s payout ratio is currently 8.80%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Eminence Capital LP lifted its position in shares of Atmus Filtration Technologies by 1.1% in the third quarter. Eminence Capital LP now owns 6,522,404 shares of the company’s stock worth $294,095,000 after buying an additional 73,411 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Atmus Filtration Technologies by 14.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,677,884 shares of the company’s stock worth $242,830,000 after acquiring an additional 596,553 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Atmus Filtration Technologies by 5.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,200,311 shares of the company’s stock worth $166,128,000 after acquiring an additional 163,659 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Atmus Filtration Technologies by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 2,428,684 shares of the company’s stock valued at $126,088,000 after acquiring an additional 54,376 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Atmus Filtration Technologies by 1.6% in the third quarter. Invesco Ltd. now owns 2,223,823 shares of the company’s stock valued at $100,272,000 after purchasing an additional 34,146 shares in the last quarter. Hedge funds and other institutional investors 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.