Atmus Filtration Technologies (NYSE:ATMU) Price Target Cut to $58.00 by Analysts at Wells Fargo & Company

Atmus Filtration Technologies (NYSE:ATMU) had its price target lowered by Wells Fargo & Company from $67.00 to $58.00 in a report published on Wednesday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Several other research firms have also commented on ATMU. JPMorgan Chase & Co. upped their price objective on Atmus Filtration Technologies from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Robert W. Baird decreased their target price on shares of Atmus Filtration Technologies from $69.00 to $66.00 and set an “outperform” rating for the company in a research note on Monday. Zacks Research raised shares of Atmus Filtration Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 25th. 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. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, January 21st. 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $58.25.

Atmus Filtration Technologies Stock Performance

NYSE ATMU opened at $58.13 on Wednesday. The firm has a market capitalization of $4.74 billion, a P/E ratio of 23.25, a PEG ratio of 2.55 and a beta of 1.48. The stock has a 50-day simple moving average of $60.22 and a two-hundred day simple moving average of $53.03. 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.

Atmus Filtration Technologies (NYSE:ATMU) last issued its earnings results 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 for the quarter, compared to the consensus estimate 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 was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.58 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. On average, equities analysts forecast that Atmus Filtration Technologies will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

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

Hedge Funds Weigh In On Atmus Filtration Technologies

A number of hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Atmus Filtration Technologies by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,874 shares of the company’s stock valued at $1,832,000 after acquiring an additional 2,176 shares in the last quarter. Millennium Management LLC increased its position in shares of Atmus Filtration Technologies by 17.5% during the first quarter. Millennium Management LLC now owns 219,639 shares of the company’s stock worth $8,067,000 after purchasing an additional 32,727 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Atmus Filtration Technologies by 143.1% in the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after purchasing an additional 412 shares during the last quarter. Caxton Associates LLP acquired a new position in Atmus Filtration Technologies in the 1st quarter valued at $283,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Atmus Filtration Technologies by 2.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 159,638 shares of the company’s stock valued at $5,864,000 after purchasing an additional 3,419 shares in the last quarter. Institutional investors and hedge funds own 32.73% of the company’s stock.

About Atmus Filtration Technologies

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.