Atmus Filtration Technologies (NYSE:ATMU) Sees Strong Trading Volume – What’s Next?

Atmus Filtration Technologies Inc. (NYSE:ATMU) saw an uptick in trading volume on Monday . 853,100 shares traded hands during trading, an increase of 10% from the previous session’s volume of 773,786 shares.The stock last traded at $59.9550 and had previously closed at $57.62.

Analyst Ratings Changes

Several research firms have weighed in on ATMU. Robert W. Baird lowered their price objective on shares of Atmus Filtration Technologies from $69.00 to $66.00 and set an “outperform” rating on the stock in a research report on Monday, March 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a report on Wednesday, January 21st. Citigroup reissued an “outperform” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, February 18th. JPMorgan Chase & Co. decreased their price objective on Atmus Filtration Technologies from $73.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Finally, Zacks Research upgraded Atmus Filtration Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.25.

Atmus Filtration Technologies Price Performance

The stock’s 50 day simple moving average is $60.24 and its 200-day simple moving average is $53.24. The stock has a market capitalization of $4.89 billion, a price-to-earnings ratio of 23.98, a PEG ratio of 2.59 and a beta of 1.58. 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, February 13th. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.09. The business had revenue of $446.60 million for the quarter, compared to the consensus estimate of $422.25 million. Atmus Filtration Technologies had a net margin of 11.76% and a return on equity of 69.78%. Atmus Filtration Technologies’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.58 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. On average, analysts expect that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Friday, February 20th were given a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a $0.22 dividend on an annualized basis and a yield of 0.4%. Atmus Filtration Technologies’s dividend payout ratio is presently 8.80%.

Institutional Trading of Atmus Filtration Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the company. Hsbc Holdings PLC acquired a new position in Atmus Filtration Technologies in the 4th quarter valued at $1,294,000. T. Rowe Price Investment Management Inc. increased its stake in shares of Atmus Filtration Technologies by 22.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,622,786 shares of the company’s stock worth $84,239,000 after purchasing an additional 297,851 shares during the period. Invesco Ltd. lifted its position in shares of Atmus Filtration Technologies by 22.7% during the 4th quarter. Invesco Ltd. now owns 2,728,470 shares of the company’s stock worth $141,635,000 after purchasing an additional 504,647 shares during the last quarter. XTX Topco Ltd boosted its stake in Atmus Filtration Technologies by 6.0% during the 4th quarter. XTX Topco Ltd now owns 14,950 shares of the company’s stock valued at $776,000 after purchasing an additional 841 shares during the period. Finally, Voloridge Investment Management LLC grew its holdings in Atmus Filtration Technologies by 27.2% in the 4th quarter. Voloridge Investment Management LLC now owns 300,334 shares of the company’s stock valued at $15,590,000 after buying an additional 64,308 shares during the last quarter. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Atmus Filtration Technologies Company Profile

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.