Atmus Filtration Technologies (NYSE:ATMU) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Atmus Filtration Technologies (NYSE:ATMU) had its price target raised by equities researchers at JPMorgan Chase & Co. from $54.00 to $60.00 in a research report issued on Monday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 8.75% from the company’s current price.

ATMU has been the subject of a number of other research reports. Weiss Ratings raised shares of Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Wells Fargo & Company started coverage on shares of Atmus Filtration Technologies in a research report on Monday, August 3rd. They set an “equal weight” rating and a $56.00 price target on the stock. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.67.

Atmus Filtration Technologies Stock Performance

ATMU stock traded up $4.57 during midday trading on Monday, reaching $55.17. 502,414 shares of the company were exchanged, compared to its average volume of 890,753. The company has a debt-to-equity ratio of 1.88, a current ratio of 2.56 and a quick ratio of 1.73. The business has a 50-day moving average price of $45.34 and a two-hundred day moving average price of $52.89. Atmus Filtration Technologies has a one year low of $40.75 and a one year high of $66.50. The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 2.13 and a beta of 1.17.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results on Friday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.04. The company had revenue of $510.00 million during the quarter, compared to analysts’ expectations of $501.59 million. Atmus Filtration Technologies had a net margin of 11.26% and a return on equity of 55.47%. Atmus Filtration Technologies’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.900-3.050 EPS. Equities research analysts forecast that Atmus Filtration Technologies will post 2.97 EPS for the current year.

Insider Transactions at Atmus Filtration Technologies

In other news, Director Stephen E. Macadam acquired 2,000 shares of Atmus Filtration Technologies stock in a transaction on Wednesday, August 12th. The shares were purchased at an average cost of $49.78 per share, for a total transaction of $99,560.00. Following the completion of the purchase, the director directly owned 40,588 shares of the company’s stock, valued at approximately $2,020,470.64. This represents a 5.18% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Renee Swan sold 3,870 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $50.89, for a total transaction of $196,944.30. Following the sale, the insider owned 46,875 shares in the company, valued at $2,385,468.75. The trade was a 7.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.43% of the stock is owned by insiders.

Institutional Trading of Atmus Filtration Technologies

Several large investors have recently made changes to their positions in the company. Royce & Associates LP lifted its position in shares of Atmus Filtration Technologies by 17.0% during the 3rd quarter. Royce & Associates LP now owns 1,164,232 shares of the company’s stock worth $50,551,000 after buying an additional 168,985 shares during the last quarter. Russell Investments Group Ltd. grew its position in Atmus Filtration Technologies by 90.6% in the third quarter. Russell Investments Group Ltd. now owns 247,944 shares of the company’s stock valued at $10,766,000 after acquiring an additional 117,890 shares during the last quarter. Fifth Third Bancorp grew its position in Atmus Filtration Technologies by 16.0% in the third quarter. Fifth Third Bancorp now owns 108,431 shares of the company’s stock valued at $4,708,000 after acquiring an additional 14,928 shares during the last quarter. Maryland State Retirement & Pension System raised its stake in Atmus Filtration Technologies by 51.5% during the third quarter. Maryland State Retirement & Pension System now owns 18,114 shares of the company’s stock worth $787,000 after acquiring an additional 6,160 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Atmus Filtration Technologies by 14.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 422,745 shares of the company’s stock worth $18,850,000 after acquiring an additional 52,664 shares in the last quarter. Institutional investors and hedge funds own 32.73% of the company’s stock.

Atmus Filtration Technologies Company Profile

Atmus Filtration Technologies designs, manufactures and distributes filtration products and solutions for equipment and engines. Its offerings include air, fuel, lubricating-oil, hydraulic and coolant filtration, as well as crankcase ventilation and emissions-related products. The company markets many of its products under the Fleetguard brand.

Atmus serves customers in markets including on-highway transportation, agriculture, construction, mining, marine, power generation and industrial equipment.