Atmus Filtration Technologies Inc. (NYSE:ATMU) Stock Has Consensus Price Target of $62.00

Atmus Filtration Technologies Inc. (NYSE:ATMU) has received an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $62.00.

Several equities analysts have issued reports on ATMU shares. Wells Fargo & Company initiated coverage on Atmus Filtration Technologies in a research report on Monday, August 3rd. They set an “equal weight” rating and a $56.00 target price on the stock. Weiss Ratings downgraded Atmus Filtration Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Finally, Wall Street Zen cut shares of Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a report on Sunday, June 14th.

Atmus Filtration Technologies Price Performance

Shares of ATMU opened at $44.73 on Friday. Atmus Filtration Technologies has a fifty-two week low of $42.60 and a fifty-two week high of $66.50. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 1.88 and a beta of 1.17. The firm has a 50-day simple moving average of $49.02 and a 200-day simple moving average of $52.53. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.83 and a current ratio of 2.65.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Friday, August 7th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.04. Atmus Filtration Technologies had a return on equity of 59.85% and a net margin of 11.32%.The company had revenue of $527.90 million for the quarter, compared to the consensus estimate of $507.02 million. During the same period last year, the business posted $0.75 EPS. The company’s revenue was up 16.5% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. On average, equities research analysts anticipate 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 paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, August 27th. This is an increase from Atmus Filtration Technologies’s previous quarterly dividend of $0.0550. Atmus Filtration Technologies’s dividend payout ratio is presently 9.20%.

Insider Buying and Selling at Atmus Filtration Technologies

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

Hedge Funds Weigh In On Atmus Filtration Technologies

Hedge funds have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Atmus Filtration Technologies by 16.1% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,476 shares of the company’s stock worth $7,928,000 after buying an additional 21,579 shares during the period. Marathon Partners Equity Management LLC purchased a new stake in Atmus Filtration Technologies during the second quarter valued at about $3,926,000. Royce & Associates LP increased its stake in Atmus Filtration Technologies by 2.7% during the fourth quarter. Royce & Associates LP now owns 667,812 shares of the company’s stock worth $34,666,000 after acquiring an additional 17,740 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Atmus Filtration Technologies by 5.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,200,311 shares of the company’s stock worth $166,128,000 after acquiring an additional 163,659 shares during the last quarter. Finally, Castleark Management LLC acquired a new stake in Atmus Filtration Technologies during the first quarter worth about $6,776,000. Institutional investors and hedge funds own 32.73% of the company’s stock.

About Atmus Filtration Technologies

Atmus Filtration Technologies Inc (NYSE: ATMU) designs, manufactures and distributes filtration products and solutions for commercial vehicles, off-highway equipment, power generation systems and industrial applications. Its offerings help protect engines and other critical components by removing contaminants from air, fuel, lubricants, hydraulic fluids and coolants.

The company markets products under the Fleetguard brand and serves original equipment manufacturers, distributors, fleet operators and aftermarket customers.