Atmus Filtration Technologies (NYSE:ATMU) Updates FY 2025 Earnings Guidance

Atmus Filtration Technologies (NYSE:ATMU) issued an update on its FY 2025 earnings guidance on Friday morning. The company provided earnings per share guidance of 2.500-2.650 for the period, compared to the consensus earnings per share estimate of 2.570. The company issued revenue guidance of $1.7 billion-$1.7 billion, compared to the consensus revenue estimate of $1.7 billion.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Robert W. Baird increased their price target on shares of Atmus Filtration Technologies from $41.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, August 11th. Wall Street Zen cut shares of Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. JPMorgan Chase & Co. increased their price objective on Atmus Filtration Technologies from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company upped their target price on shares of Atmus Filtration Technologies from $42.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 18th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $45.60.

Atmus Filtration Technologies Trading Up 0.8%

Shares of Atmus Filtration Technologies stock opened at $46.49 on Friday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.43 and a current ratio of 2.15. The company has a fifty day moving average of $45.23 and a 200 day moving average of $40.42. The company has a market capitalization of $3.82 billion, a P/E ratio of 20.57, a P/E/G ratio of 5.55 and a beta of 1.62. Atmus Filtration Technologies has a fifty-two week low of $30.94 and a fifty-two week high of $47.87.

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

Atmus Filtration Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th were given a dividend of $0.055 per share. The ex-dividend date was Tuesday, August 26th. This is a positive change from Atmus Filtration Technologies’s previous quarterly dividend of $0.05. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.5%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 9.73%.

Hedge Funds Weigh In On Atmus Filtration Technologies

Several institutional investors have recently added to or reduced their stakes in ATMU. California State Teachers Retirement System grew its holdings in shares of Atmus Filtration Technologies by 0.3% in the second quarter. California State Teachers Retirement System now owns 83,277 shares of the company’s stock valued at $3,033,000 after purchasing an additional 236 shares in the last quarter. Creative Planning raised its position in shares of Atmus Filtration Technologies by 4.9% during the 2nd quarter. Creative Planning now owns 6,688 shares of the company’s stock valued at $244,000 after buying an additional 312 shares in the last quarter. Jones Financial Companies Lllp lifted 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 acquiring an additional 412 shares during the last quarter. Geneos Wealth Management Inc. grew its position 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 acquiring an additional 644 shares in the last quarter. Finally, Osaic Holdings Inc. raised its position in Atmus Filtration Technologies by 54.8% during the second quarter. Osaic Holdings Inc. now owns 2,471 shares of the company’s stock valued at $90,000 after purchasing an additional 875 shares during the period. Hedge funds and other 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.