Atmus Filtration Technologies (NYSE:ATMU) Given New $70.00 Price Target at JPMorgan Chase & Co.

Atmus Filtration Technologies (NYSE:ATMU) had its price target decreased by JPMorgan Chase & Co. from $73.00 to $70.00 in a report released on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other analysts have also recently weighed in on the company. Wells Fargo & Company decreased their price objective on Atmus Filtration Technologies from $67.00 to $58.00 and set an “equal weight” rating for the company in a research report on Wednesday. Robert W. Baird cut their price target on Atmus Filtration Technologies from $69.00 to $66.00 and set an “outperform” rating for the company in a research note on Monday. Wall Street Zen raised Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, January 21st. Finally, Zacks Research raised shares of Atmus Filtration Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.25.

Atmus Filtration Technologies Trading Up 2.4%

NYSE ATMU opened at $58.13 on Wednesday. The firm’s fifty day moving average is $60.22 and its two-hundred day moving average is $53.03. Atmus Filtration Technologies has a one year low of $30.94 and a one year high of $66.50. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.66 and a current ratio of 2.42. The firm has a market cap of $4.74 billion, a PE ratio of 23.25, a P/E/G ratio of 2.55 and a beta of 1.48.

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

Atmus Filtration Technologies Announces Dividend

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ATMU. Eminence Capital LP lifted its holdings in Atmus Filtration Technologies by 1.1% in the third quarter. Eminence Capital LP now owns 6,522,404 shares of the company’s stock valued at $294,095,000 after acquiring an additional 73,411 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Atmus Filtration Technologies by 14.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,677,884 shares of the company’s stock valued at $242,830,000 after purchasing an additional 596,553 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in 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 valued at $166,128,000 after acquiring an additional 163,659 shares in the last quarter. Invesco Ltd. increased its stake in shares of Atmus Filtration Technologies by 22.7% during the 4th quarter. Invesco Ltd. now owns 2,728,470 shares of the company’s stock worth $141,635,000 after purchasing an additional 504,647 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Atmus Filtration Technologies by 2.3% during the fourth 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 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.