JPMorgan Chase & Co. Cuts Atmus Filtration Technologies (NYSE:ATMU) Price Target to $67.00

Atmus Filtration Technologies (NYSE:ATMU) had its price target dropped by stock analysts at JPMorgan Chase & Co. from $70.00 to $67.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 32.32% from the stock’s previous close.

ATMU has been the subject of a number of other reports. Zacks Research downgraded shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Wells Fargo & Company decreased their target price on shares of Atmus Filtration Technologies from $67.00 to $58.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 1st. Robert W. Baird decreased their target price on shares of Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating for the company in a research note on Monday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, January 21st. Finally, Wall Street Zen raised shares of Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $56.75.

Atmus Filtration Technologies Trading Down 3.8%

ATMU stock traded down $2.02 during trading on Monday, reaching $50.63. The company had a trading volume of 1,846,708 shares, compared to its average volume of 1,071,121. Atmus Filtration Technologies has a 52 week low of $34.58 and a 52 week high of $66.50. The company has a market cap of $4.14 billion, a P/E ratio of 19.86, a PEG ratio of 2.39 and a beta of 1.47. The business has a 50 day moving average of $60.58 and a 200 day moving average of $55.57. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.42 and a quick ratio of 1.66.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.04. Atmus Filtration Technologies had a net margin of 11.56% and a return on equity of 67.08%. The company had revenue of $477.50 million during the quarter, compared to the consensus estimate of $474.41 million. During the same period in the prior year, the firm earned $0.63 earnings per share. Atmus Filtration Technologies’s revenue was up 14.6% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. As a group, sell-side analysts forecast that Atmus Filtration Technologies will post 2.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Atmus Filtration Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Channing Capital Management LLC lifted its position in Atmus Filtration Technologies by 3,192.8% in the 3rd quarter. Channing Capital Management LLC now owns 1,715,015 shares of the company’s stock valued at $77,330,000 after acquiring an additional 1,662,931 shares in the last quarter. Altrinsic Global Advisors LLC lifted its position in Atmus Filtration Technologies by 21.8% in the 3rd quarter. Altrinsic Global Advisors LLC now owns 251,382 shares of the company’s stock valued at $11,335,000 after acquiring an additional 45,005 shares in the last quarter. Kennedy Capital Management LLC lifted its position in Atmus Filtration Technologies by 90.6% in the 3rd quarter. Kennedy Capital Management LLC now owns 351,610 shares of the company’s stock valued at $15,854,000 after acquiring an additional 167,095 shares in the last quarter. Mangrove Partners IM LLC lifted its position in Atmus Filtration Technologies by 21.0% in the 3rd quarter. Mangrove Partners IM LLC now owns 1,330,553 shares of the company’s stock valued at $59,995,000 after acquiring an additional 230,922 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its position in Atmus Filtration Technologies by 1,589.1% in the 3rd quarter. New York State Common Retirement Fund now owns 432,389 shares of the company’s stock valued at $19,496,000 after acquiring an additional 406,790 shares in the last quarter. 32.73% of the stock is owned by institutional investors.

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.