Atmus Filtration Technologies (NYSE:ATMU) Cut to “Hold” at Zacks Research

Zacks Research lowered shares of Atmus Filtration Technologies (NYSE:ATMU) from a strong-buy rating to a hold rating in a report issued on Monday,Zacks.com reports.

Several other research firms have also recently commented on ATMU. Wall Street Zen raised shares of Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 14th. Citigroup reaffirmed an “outperform” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, February 18th. 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. Wells Fargo & Company dropped their target price on shares of Atmus Filtration Technologies from $67.00 to $58.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 1st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Atmus Filtration Technologies from $73.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Atmus Filtration Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $58.25.

Atmus Filtration Technologies Trading Up 4.3%

Shares of ATMU opened at $62.97 on Monday. The firm has a fifty day simple moving average of $60.50 and a two-hundred day simple moving average of $53.51. Atmus Filtration Technologies has a twelve month low of $31.20 and a twelve month high of $66.50. The company has a quick ratio of 1.66, a current ratio of 2.42 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $5.14 billion, a P/E ratio of 25.19, a PEG ratio of 2.59 and a beta of 1.58.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results on Friday, February 13th. The company reported $0.66 EPS 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 firm had revenue of $446.60 million during the quarter, compared to analysts’ expectations of $422.25 million. During the same period last year, the company posted $0.58 EPS. The company’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, research analysts anticipate that Atmus Filtration Technologies will post 2.52 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently declared 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 0.3%. The ex-dividend date of this dividend was Friday, February 20th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 8.80%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Ieq Capital LLC lifted its position in Atmus Filtration Technologies by 3.4% during the 4th quarter. Ieq Capital LLC now owns 5,530 shares of the company’s stock valued at $287,000 after acquiring an additional 182 shares during the period. California State Teachers Retirement System lifted its position in Atmus Filtration Technologies by 0.3% during the 2nd quarter. California State Teachers Retirement System now owns 83,277 shares of the company’s stock valued at $3,033,000 after acquiring an additional 236 shares during the period. Verdence Capital Advisors LLC lifted its position in Atmus Filtration Technologies by 2.1% during the 3rd quarter. Verdence Capital Advisors LLC now owns 13,678 shares of the company’s stock valued at $626,000 after acquiring an additional 285 shares during the period. GAMMA Investing LLC lifted its position in Atmus Filtration Technologies by 14.7% during the 4th quarter. GAMMA Investing LLC now owns 2,223 shares of the company’s stock valued at $115,000 after acquiring an additional 285 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Atmus Filtration Technologies by 5.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,021 shares of the company’s stock valued at $266,000 after acquiring an additional 301 shares during the period. 32.73% of the stock is owned by hedge funds and other 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.