Atmus Filtration Technologies (NYSE:ATMU) Given New $66.00 Price Target at Robert W. Baird

Atmus Filtration Technologies (NYSE:ATMU) had its price target trimmed by Robert W. Baird from $69.00 to $66.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts also recently issued reports on ATMU. Weiss Ratings reiterated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a report on Wednesday, January 21st. Wells Fargo & Company raised their price objective on Atmus Filtration Technologies from $54.00 to $67.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 17th. Citigroup reaffirmed an “outperform” rating on shares of Atmus Filtration Technologies in a report on Wednesday, February 18th. Wall Street Zen upgraded shares of Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 14th. Finally, Zacks Research upgraded shares of Atmus Filtration Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $59.00.

Atmus Filtration Technologies Price Performance

Shares of NYSE ATMU opened at $54.81 on Monday. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 2.61 and a beta of 1.48. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.66 and a current ratio of 2.42. Atmus Filtration Technologies has a fifty-two week low of $30.94 and a fifty-two week high of $66.50. The firm’s 50-day simple moving average is $60.18 and its 200 day simple moving average is $52.92.

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

Atmus Filtration Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Friday, February 20th were issued a $0.055 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a $0.22 annualized dividend and a dividend yield of 0.4%. Atmus Filtration Technologies’s dividend payout ratio is currently 8.80%.

Institutional Trading of Atmus Filtration Technologies

Hedge funds have recently bought and sold shares of the business. Eminence Capital LP grew its stake in Atmus Filtration Technologies by 1.1% in the 3rd quarter. Eminence Capital LP now owns 6,522,404 shares of the company’s stock valued at $294,095,000 after purchasing an additional 73,411 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Atmus Filtration Technologies by 14.6% during 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 purchasing an additional 596,553 shares during the period. Goldman Sachs Group Inc. raised its stake 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 purchasing an additional 163,659 shares during the period. Invesco Ltd. boosted its holdings in shares of Atmus Filtration Technologies by 22.7% in the 4th quarter. Invesco Ltd. now owns 2,728,470 shares of the company’s stock worth $141,635,000 after buying an additional 504,647 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Atmus Filtration Technologies by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 2,428,684 shares of the company’s stock worth $126,088,000 after buying an additional 54,376 shares during the last quarter. 32.73% of the stock is currently owned by institutional investors.

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.