Atmus Filtration Technologies Inc. (NYSE:ATMU) Receives $50.50 Consensus PT from Brokerages

Atmus Filtration Technologies Inc. (NYSE:ATMU) has been given an average rating of “Moderate Buy” by the six brokerages that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $50.50.

Several research analysts have issued reports on the stock. Wells Fargo & Company increased their target price on shares of Atmus Filtration Technologies from $52.00 to $54.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 7th. JPMorgan Chase & Co. upped their price target on shares of Atmus Filtration Technologies from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Wall Street Zen downgraded shares of Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 17th. Weiss Ratings reissued a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, January 21st. Finally, Zacks Research lowered Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th.

Atmus Filtration Technologies Trading Up 0.9%

Shares of NYSE ATMU opened at $62.02 on Friday. Atmus Filtration Technologies has a twelve month low of $30.94 and a twelve month high of $62.62. The firm has a market cap of $5.06 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 2.70 and a beta of 1.56. The business has a fifty day simple moving average of $55.03 and a two-hundred day simple moving average of $48.44. The company has a quick ratio of 1.41, a current ratio of 2.14 and a debt-to-equity ratio of 1.63.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings results on Friday, November 7th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.08. The business had revenue of $447.70 million for the quarter, compared to the consensus estimate of $415.02 million. Atmus Filtration Technologies had a return on equity of 76.84% and a net margin of 11.57%.The business’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 EPS. Analysts expect that Atmus Filtration Technologies will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Friday, February 20th will be paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Friday, February 20th. Atmus Filtration Technologies’s dividend payout ratio is 9.17%.

Hedge Funds Weigh In On Atmus Filtration Technologies

A number of large investors have recently added to or reduced their stakes in ATMU. Jones Financial Companies Lllp boosted its holdings in shares of 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 buying an additional 412 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Atmus Filtration Technologies by 87.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 849 shares of the company’s stock valued at $44,000 after acquiring an additional 397 shares during the last quarter. Bessemer Group Inc. boosted its stake in Atmus Filtration Technologies by 31.4% in the second quarter. Bessemer Group Inc. now owns 1,138 shares of the company’s stock valued at $42,000 after acquiring an additional 272 shares in the last quarter. Global Retirement Partners LLC grew its holdings in Atmus Filtration Technologies by 53.7% in the fourth quarter. Global Retirement Partners LLC now owns 1,319 shares of the company’s stock worth $68,000 after purchasing an additional 461 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in Atmus Filtration Technologies by 93.6% in the second quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock worth $49,000 after purchasing an additional 644 shares during the last quarter. 32.73% of the stock is currently owned by institutional investors.

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.