Atmus Filtration Technologies Inc. (NYSE:ATMU) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Atmus Filtration Technologies Inc. (NYSE:ATMU – Get Free Report) has been given an average rating of “Moderate Buy” by the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $57.67.

A number of research firms have recently issued reports on ATMU. Weiss Ratings raised shares of Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Wells Fargo & Company started coverage on shares of Atmus Filtration Technologies in a report on Monday, August 3rd. They issued an “equal weight” rating and a $56.00 price objective on the stock. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Atmus Filtration Technologies from $67.00 to $54.00 and set an “overweight” rating for the company in a research report on Thursday, October 8th.

Read Our Latest Stock Report on Atmus Filtration Technologies

Key Stories Impacting Atmus Filtration Technologies

Here are the key news stories impacting Atmus Filtration Technologies this week:

Insiders Place Their Bets

In other news, Director Stephen E. Macadam purchased 2,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were bought 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 trade represents a 5.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Renee Swan sold 3,870 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $50.89, for a total value of $196,944.30. Following the transaction, the insider owned 46,875 shares of the company’s stock, valued at approximately $2,385,468.75. This represents a 7.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.43% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Atmus Filtration Technologies

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Atmus Filtration Technologies during the 2nd quarter valued at about $631,617,000. First Trust Advisors LP increased its stake in Atmus Filtration Technologies by 3.3% during the first quarter. First Trust Advisors LP now owns 2,202,816 shares of the company’s stock worth $125,054,000 after purchasing an additional 70,905 shares during the period. Jupiter Topco LLC purchased a new stake in Atmus Filtration Technologies during the second quarter worth about $83,249,000. Janus Henderson Group PLC lifted its position in shares of Atmus Filtration Technologies by 13.3% during the first quarter. Janus Henderson Group PLC now owns 1,551,117 shares of the company’s stock worth $88,104,000 after purchasing an additional 181,792 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Atmus Filtration Technologies by 4.3% during the second quarter. Wellington Management Group LLP now owns 1,445,763 shares of the company’s stock worth $73,719,000 after purchasing an additional 59,342 shares in the last quarter. Institutional investors and hedge funds own 32.73% of the company’s stock.

Atmus Filtration Technologies Stock Down 0.3%

Shares of ATMU opened at $50.47 on Monday. The firm has a market cap of $4.12 billion, a P/E ratio of 18.76, a price-to-earnings-growth ratio of 2.13 and a beta of 1.17. Atmus Filtration Technologies has a 12-month low of $40.75 and a 12-month high of $66.50. The company’s 50-day moving average price is $45.34 and its 200 day moving average price is $52.89. The company has a current ratio of 2.56, a quick ratio of 1.73 and a debt-to-equity ratio of 1.88.

Atmus Filtration Technologies (NYSE:ATMU – Get Free Report) last posted its earnings results on Friday, November 6th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.04. The company had revenue of $510.00 million for 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 revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.900-3.050 EPS. On average, sell-side analysts forecast that Atmus Filtration Technologies will post 2.97 earnings per share for the current year.

Atmus Filtration Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Thursday, August 27th were given a $0.06 dividend. The ex-dividend date of this dividend was Thursday, August 27th. This is a positive change from Atmus Filtration Technologies’s previous quarterly dividend of $0.0550. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. Atmus Filtration Technologies’s dividend payout ratio is presently 8.92%.

Atmus Filtration Technologies Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Atmus Filtration Technologies (NYSE:ATMU)

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