Brokerages Set Atmus Filtration Technologies Inc. (NYSE:ATMU) Price Target at $58.25

Atmus Filtration Technologies Inc. (NYSE:ATMU) has been assigned an average recommendation of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $58.25.

Several brokerages have recently commented on ATMU. Weiss Ratings restated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, January 21st. Citigroup restated an “outperform” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, February 18th. Zacks Research cut shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Robert W. Baird dropped 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 report on Monday, March 30th. Finally, Wall Street Zen cut shares of Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th.

Atmus Filtration Technologies Price Performance

Shares of NYSE:ATMU opened at $62.23 on Thursday. The firm has a 50 day moving average of $60.77 and a 200-day moving average of $54.98. The stock has a market capitalization of $5.08 billion, a PE ratio of 24.89, a PEG ratio of 2.78 and a beta of 1.58. The company has a current ratio of 2.42, a quick ratio of 1.66 and a debt-to-equity ratio of 1.43. Atmus Filtration Technologies has a 12 month low of $33.58 and a 12 month 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, beating the consensus estimate of $0.57 by $0.09. The company had revenue of $446.60 million during the quarter, compared to analysts’ expectations of $422.25 million. Atmus Filtration Technologies had a net margin of 11.76% and a return on equity of 69.78%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.58 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. On average, equities research analysts predict that Atmus Filtration Technologies will post 2.9 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

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

Hedge Funds Weigh In On Atmus Filtration Technologies

A number of institutional investors have recently added to or reduced their stakes in ATMU. Jones Financial Companies Lllp increased its position in Atmus Filtration Technologies by 143.1% during the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock worth $26,000 after purchasing an additional 412 shares in the last quarter. Essex Investment Management Co. LLC acquired a new position in Atmus Filtration Technologies during the 4th quarter worth approximately $37,000. GHP Investment Advisors Inc. acquired a new position in Atmus Filtration Technologies during the 1st quarter worth approximately $44,000. PNC Financial Services Group Inc. increased its position in Atmus Filtration Technologies by 87.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 849 shares of the company’s stock worth $44,000 after purchasing an additional 397 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its position in Atmus Filtration Technologies by 93.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock worth $49,000 after purchasing an additional 644 shares in the last quarter. 32.73% of the stock is currently owned by institutional investors and hedge funds.

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.