Atmus Filtration Technologies (NYSE:ATMU) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Atmus Filtration Technologies (NYSE:ATMU) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday.

Several other equities analysts also recently commented on the company. JPMorgan Chase & Co. raised their target price on Atmus Filtration Technologies from $47.00 to $53.00 and gave the stock a “neutral” rating in a research report on Monday, November 10th. Robert W. Baird lifted their price objective on Atmus Filtration Technologies from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, August 11th. Weiss Ratings restated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company upped their target price on shares of Atmus Filtration Technologies from $47.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $47.25.

Atmus Filtration Technologies Stock Down 3.5%

ATMU opened at $45.97 on Friday. The company has a market capitalization of $3.75 billion, a P/E ratio of 19.15, a P/E/G ratio of 3.12 and a beta of 1.62. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.14 and a quick ratio of 1.41. The firm’s fifty day moving average price is $45.70 and its two-hundred day moving average price is $41.23. Atmus Filtration Technologies has a fifty-two week low of $30.94 and a fifty-two week high of $51.84.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.08. The company had revenue of $447.70 million during the quarter, compared to analysts’ expectations of $415.02 million. Atmus Filtration Technologies had a net margin of 11.57% and a return on equity of 76.84%. The business’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.61 EPS. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. On average, analysts anticipate 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, December 10th. Shareholders of record on Tuesday, November 25th will be paid a $0.055 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $0.22 dividend on an annualized basis and a yield of 0.5%. Atmus Filtration Technologies’s payout ratio is currently 9.17%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp lifted its position in Atmus Filtration Technologies by 143.1% during the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock worth $26,000 after buying an additional 412 shares in the last quarter. SouthState Corp bought a new position in shares of Atmus Filtration Technologies in the first quarter worth about $27,000. Bessemer Group Inc. raised its stake in shares of Atmus Filtration Technologies by 31.4% in the second quarter. Bessemer Group Inc. now owns 1,138 shares of the company’s stock worth $42,000 after acquiring an additional 272 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Atmus Filtration Technologies by 93.6% during the second quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock worth $49,000 after purchasing an additional 644 shares in the last quarter. Finally, Osaic Holdings Inc. grew its stake in shares of 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 last quarter. 32.73% of the stock is owned by 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.