Atmus Filtration Technologies (NYSE:ATMU) Releases Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Atmus Filtration Technologies (NYSE:ATMU) issued its earnings results on Friday. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.08, Zacks reports. Atmus Filtration Technologies had a return on equity of 83.23% and a net margin of 11.22%.The company had revenue of $447.70 million during the quarter, compared to the consensus estimate of $415.02 million. During the same period in the previous year, the firm posted $0.61 earnings per share. Atmus Filtration Technologies’s quarterly revenue was up 10.9% compared to the same quarter last year. Atmus Filtration Technologies updated its FY 2025 guidance to 2.500-2.650 EPS.

Atmus Filtration Technologies Stock Up 2.9%

ATMU traded up $1.37 on Friday, reaching $47.88. 1,851,112 shares of the company traded hands, compared to its average volume of 605,830. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 5.60 and a beta of 1.62. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.43. The stock’s 50 day moving average price is $45.29 and its 200-day moving average price is $40.53. Atmus Filtration Technologies has a 52-week low of $30.94 and a 52-week high of $51.84.

Atmus Filtration Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th were issued a dividend of $0.055 per share. This is an increase from Atmus Filtration Technologies’s previous quarterly dividend of $0.05. This represents a $0.22 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Tuesday, August 26th. Atmus Filtration Technologies’s dividend payout ratio is 9.73%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Atmus Filtration Technologies

Several institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp raised its holdings in shares of Atmus Filtration Technologies by 0.7% during the second quarter. State Street Corp now owns 1,953,607 shares of the company’s stock worth $71,150,000 after acquiring an additional 14,269 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Atmus Filtration Technologies by 10.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,474,370 shares of the company’s stock worth $53,697,000 after purchasing an additional 142,455 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of Atmus Filtration Technologies by 41.7% during the 2nd quarter. Raymond James Financial Inc. now owns 949,950 shares of the company’s stock worth $34,597,000 after purchasing an additional 279,681 shares in the last quarter. Frontier Capital Management Co. LLC raised its stake in shares of Atmus Filtration Technologies by 34.8% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 339,303 shares of the company’s stock worth $12,357,000 after purchasing an additional 87,533 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Atmus Filtration Technologies by 37.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 318,097 shares of the company’s stock valued at $11,585,000 after buying an additional 87,060 shares during the last quarter. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

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.