Atmus Filtration Technologies (NYSE:ATMU) Price Target Raised to $67.00 at Wells Fargo & Company

Atmus Filtration Technologies (NYSE:ATMU) had its price target upped by Wells Fargo & Company from $54.00 to $67.00 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other equities research analysts have also recently commented on ATMU. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, January 21st. JPMorgan Chase & Co. increased their price target on Atmus Filtration Technologies from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Zacks Research downgraded shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Finally, Wall Street Zen upgraded shares of Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.75.

Atmus Filtration Technologies Price Performance

Shares of NYSE ATMU opened at $64.13 on Tuesday. The company has a market capitalization of $5.23 billion, a PE ratio of 25.65, a P/E/G ratio of 2.77 and a beta of 1.56. 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 has a twelve month low of $30.94 and a twelve month high of $66.00. The firm has a fifty day simple moving average of $56.39 and a 200 day simple moving average of $49.49.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings results on Friday, February 13th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.09. Atmus Filtration Technologies had a net margin of 11.76% and a return on equity of 73.91%. The business had revenue of $446.60 million for the quarter, compared to analysts’ expectations of $422.25 million. During the same quarter in the prior year, the firm posted $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. On average, sell-side analysts forecast that Atmus Filtration Technologies will post 2.52 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Friday, February 20th will be issued a dividend of $0.055 per share. The ex-dividend date is Friday, February 20th. This represents a $0.22 annualized dividend and a yield of 0.3%. Atmus Filtration Technologies’s dividend payout ratio is presently 8.80%.

Institutional Inflows and Outflows

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