Atmus Filtration Technologies (NYSE:ATMU) Price Target Raised to $54.00

Atmus Filtration Technologies (NYSE:ATMU) had its target price boosted by Wells Fargo & Company from $52.00 to $54.00 in a research report released on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities analysts also recently commented on ATMU. Wall Street Zen raised Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 28th. Weiss Ratings restated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised Atmus Filtration Technologies from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $53.00 to $60.00 in a report on Wednesday, November 26th. Finally, Zacks Research raised Atmus Filtration Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $49.50.

Atmus Filtration Technologies Price Performance

Shares of ATMU opened at $54.80 on Wednesday. The company’s 50-day moving average is $50.92 and its 200-day moving average is $45.30. 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 has a market capitalization of $4.47 billion, a PE ratio of 22.83, a PEG ratio of 3.35 and a beta of 1.57. Atmus Filtration Technologies has a fifty-two week low of $30.94 and a fifty-two week high of $55.13.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Friday, November 7th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.61 by $0.08. The business had revenue of $447.70 million during the quarter, compared to the consensus estimate of $415.02 million. Atmus Filtration Technologies had a net margin of 11.57% and a return on equity of 76.84%. Atmus Filtration Technologies’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 EPS. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. Equities analysts forecast that Atmus Filtration Technologies will post 2.52 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th were paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Tuesday, November 25th. Atmus Filtration Technologies’s dividend payout ratio is presently 9.17%.

Hedge Funds Weigh In On Atmus Filtration Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Atmus Filtration Technologies by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,874 shares of the company’s stock worth $1,832,000 after acquiring an additional 2,176 shares during the period. Millennium Management LLC raised its position in Atmus Filtration Technologies by 17.5% during the first quarter. Millennium Management LLC now owns 219,639 shares of the company’s stock valued at $8,067,000 after purchasing an additional 32,727 shares in the last quarter. Jones Financial Companies Lllp raised its position in Atmus Filtration Technologies by 143.1% during the first quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after purchasing an additional 412 shares in the last quarter. Caxton Associates LLP bought a new stake in Atmus Filtration Technologies during the first quarter worth $283,000. Finally, Woodline Partners LP acquired a new stake in shares of Atmus Filtration Technologies in the 1st quarter valued at $5,780,000. 32.73% of the stock is currently owned by institutional investors and hedge funds.

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.