Atmus Filtration Technologies (NYSE:ATMU) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen cut shares of Atmus Filtration Technologies (NYSE:ATMU) from a strong-buy rating to a hold rating in a research note released on Sunday morning.

Other research analysts have also recently issued research reports about the company. Citigroup reissued an “outperform” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, February 18th. Weiss Ratings cut Atmus Filtration Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. Zacks Research cut Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Wells Fargo & Company reduced their target price on Atmus Filtration Technologies from $67.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 1st. Finally, Robert W. Baird reduced their target price on Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $56.75.

Atmus Filtration Technologies Trading Up 0.1%

Atmus Filtration Technologies stock opened at $55.64 on Friday. The stock has a market cap of $4.54 billion, a P/E ratio of 21.82, a PEG ratio of 2.38 and a beta of 1.47. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.70 and a current ratio of 2.53. Atmus Filtration Technologies has a fifty-two week low of $34.58 and a fifty-two week high of $66.50. The firm’s fifty day moving average price is $59.97 and its 200-day moving average price is $55.78.

Atmus Filtration Technologies (NYSE:ATMU) last released its earnings results on Friday, May 1st. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. The business had revenue of $477.50 million for the quarter, compared to analysts’ expectations of $474.41 million. Atmus Filtration Technologies had a return on equity of 64.29% and a net margin of 11.56%.The firm’s revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.63 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. Equities research analysts forecast that Atmus Filtration Technologies will post 2.95 earnings per share for the current fiscal year.

Institutional Trading of Atmus Filtration Technologies

Institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp boosted 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 buying an additional 412 shares during the period. Essex Investment Management Co. LLC purchased a new stake in Atmus Filtration Technologies during the fourth quarter valued at about $37,000. GHP Investment Advisors Inc. purchased a new stake in Atmus Filtration Technologies during the first quarter valued at about $44,000. PNC Financial Services Group Inc. boosted its position in Atmus Filtration Technologies by 87.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 849 shares of the company’s stock valued at $44,000 after buying an additional 397 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in Atmus Filtration Technologies by 1,498.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 959 shares of the company’s stock valued at $50,000 after buying an additional 899 shares during the period. 32.73% of the stock is currently owned by hedge funds and other 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.