Atmus Filtration Technologies Inc. (NYSE:ATMU) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) have received an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $62.6667.

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company reduced 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. Weiss Ratings cut shares of Atmus Filtration Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. JPMorgan Chase & Co. reduced their price objective on shares of Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating for the company in a research note on Monday, May 4th. Zacks Research cut shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Finally, Robert W. Baird dropped their target price on Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th.

Insider Buying and Selling at Atmus Filtration Technologies

In related news, SVP Charles Masters sold 2,890 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $45.25, for a total transaction of $130,772.50. Following the sale, the senior vice president owned 43,579 shares of the company’s stock, valued at approximately $1,971,949.75. This represents a 6.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Gretchen R. Haggerty bought 1,973 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was bought at an average price of $55.74 per share, with a total value of $109,975.02. Following the purchase, the director owned 25,741 shares in the company, valued at $1,434,803.34. This trade represents a 8.30% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 36,240 shares of company stock worth $1,639,860 in the last three months. 0.43% of the stock is currently owned by corporate insiders.

Institutional Trading of Atmus Filtration Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of ATMU. Eminence Capital LP lifted its stake in Atmus Filtration Technologies by 1.1% in the 3rd quarter. Eminence Capital LP now owns 6,522,404 shares of the company’s stock worth $294,095,000 after purchasing an additional 73,411 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Atmus Filtration Technologies by 14.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,677,884 shares of the company’s stock valued at $242,830,000 after purchasing an additional 596,553 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Atmus Filtration Technologies by 5.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,200,311 shares of the company’s stock worth $166,128,000 after purchasing an additional 163,659 shares during the period. Invesco Ltd. increased its holdings in shares of Atmus Filtration Technologies by 22.7% in the fourth 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 period. Finally, Geode Capital Management LLC raised its position in shares of Atmus Filtration Technologies by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 2,428,684 shares of the company’s stock worth $126,088,000 after buying an additional 54,376 shares in the last quarter. Institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Stock Performance

NYSE:ATMU traded down $1.41 during trading hours on Tuesday, reaching $50.59. The stock had a trading volume of 163,398 shares, compared to its average volume of 1,030,726. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.70 and a current ratio of 2.53. The stock has a 50 day simple moving average of $51.63 and a 200 day simple moving average of $56.23. Atmus Filtration Technologies has a 12-month low of $36.74 and a 12-month high of $66.50. The stock has a market cap of $4.13 billion, a P/E ratio of 19.85, a price-to-earnings-growth ratio of 2.13 and a beta of 1.19.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly 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. Atmus Filtration Technologies had a return on equity of 64.29% and a net margin of 11.56%.The firm had revenue of $477.50 million for the quarter, compared to analysts’ expectations of $474.41 million. During the same quarter in the prior year, the firm earned $0.63 EPS. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. On average, research analysts forecast that Atmus Filtration Technologies will post 2.95 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, May 26th were paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Tuesday, May 26th. Atmus Filtration Technologies’s payout ratio is presently 8.63%.

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.