Atmus Filtration Technologies Inc. (NYSE:ATMU) Receives $42.80 Average Target Price from Brokerages

Atmus Filtration Technologies Inc. (NYSE:ATMU) has been given an average rating of “Hold” by the five analysts that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $43.80.

Several research firms recently commented on ATMU. Wells Fargo & Company lifted their price target on Atmus Filtration Technologies from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 1st. The Goldman Sachs Group lowered Atmus Filtration Technologies from a “buy” rating to a “neutral” rating and set a $39.00 price target for the company. in a research report on Tuesday, May 27th. Wall Street Zen upgraded Atmus Filtration Technologies from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 16th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $46.00 price target (up previously from $44.00) on shares of Atmus Filtration Technologies in a research report on Wednesday. Finally, Robert W. Baird lifted their price target on Atmus Filtration Technologies from $41.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, August 11th.

Atmus Filtration Technologies Trading Down 3.9%

Shares of Atmus Filtration Technologies stock opened at $42.2160 on Friday. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 5.28 and a beta of 1.64. Atmus Filtration Technologies has a twelve month low of $30.94 and a twelve month high of $45.92. The company has a quick ratio of 1.43, a current ratio of 2.15 and a debt-to-equity ratio of 1.75. The business has a 50-day moving average price of $38.42 and a 200-day moving average price of $37.41.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings results on Friday, August 8th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.66 by $0.09. The company had revenue of $453.50 million during the quarter, compared to analyst estimates of $433.51 million. Atmus Filtration Technologies had a return on equity of 83.23% and a net margin of 11.22%.The firm’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $0.71 earnings per share. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. Equities research analysts anticipate that Atmus Filtration Technologies will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be paid a $0.055 dividend. The ex-dividend date of this dividend is Tuesday, August 26th. This is an increase from Atmus Filtration Technologies’s previous quarterly dividend of $0.05. This represents a $0.22 annualized dividend and a yield of 0.5%. Atmus Filtration Technologies’s payout ratio is 8.85%.

Institutional Trading of Atmus Filtration Technologies

Several institutional investors have recently added to or reduced their stakes in ATMU. Eminence Capital LP lifted its stake in Atmus Filtration Technologies by 79.0% in the fourth quarter. Eminence Capital LP now owns 4,592,614 shares of the company’s stock worth $179,939,000 after purchasing an additional 2,027,617 shares during the last quarter. T. Rowe Price Investment Management Inc. bought a new stake in Atmus Filtration Technologies in the fourth quarter worth about $63,949,000. Nuveen LLC bought a new stake in Atmus Filtration Technologies in the first quarter worth about $48,966,000. Invesco Ltd. lifted its stake in Atmus Filtration Technologies by 84.8% in the first quarter. Invesco Ltd. now owns 2,157,850 shares of the company’s stock worth $79,258,000 after purchasing an additional 990,468 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Atmus Filtration Technologies in the fourth quarter worth about $26,152,000. Institutional investors own 32.73% of the company’s stock.

About Atmus Filtration Technologies

Atmus Filtration Technologies Inc designs, manufactures, and sells filtration products under the Fleetguard brand name in North America, Europe, South America, Asia, Australia, Africa, and internationally. The company offers fuel filters, lube filters, air filters, crankcase ventilation, hydraulic filters, coolants, and fuel additives, as well as other chemicals; and fuel water separators and other filtration systems to original equipment manufacturers, dealers/distributors, and end-users.