Atmus Filtration Technologies (NYSE:ATMU) Stock Breaks Above Two Hundred Day Moving Average – What’s Next?

Atmus Filtration Technologies Inc. (NYSE:ATMU)’s share price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $52.87 and traded as high as $55.46. Atmus Filtration Technologies shares last traded at $55.02, with a volume of 982,824 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Weiss Ratings lowered Atmus Filtration Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Wells Fargo & Company started coverage on Atmus Filtration Technologies in a report on Monday, August 3rd. They set an “equal weight” rating and a $56.00 target price for the company. Finally, JPMorgan Chase & Co. increased their target price on shares of Atmus Filtration Technologies from $54.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.67.

Atmus Filtration Technologies Trading Up 2.0%

The business has a 50 day simple moving average of $45.85 and a two-hundred day simple moving average of $52.86. The company has a current ratio of 2.56, a quick ratio of 1.73 and a debt-to-equity ratio of 1.88. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 2.09 and a beta of 1.17.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Friday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.04. Atmus Filtration Technologies had a return on equity of 55.47% and a net margin of 11.26%. The company had revenue of $510.00 million for the quarter, compared to analyst estimates of $501.59 million. During the same period in the prior year, the company posted $0.69 EPS. Atmus Filtration Technologies’s quarterly revenue was up 13.9% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2026 guidance at 2.900-3.050 EPS. As a group, equities analysts anticipate that Atmus Filtration Technologies Inc. will post 2.99 EPS for the current year.

Atmus Filtration Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Thursday, August 27th were paid a dividend of $0.06 per share. The ex-dividend date 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 annualized dividend and a yield of 0.4%. Atmus Filtration Technologies’s payout ratio is presently 8.92%.

Insiders Place Their Bets

In other Atmus Filtration Technologies news, insider Renee Swan sold 3,870 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $50.89, for a total transaction of $196,944.30. Following the sale, the insider directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.43% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ATMU. Boston Partners grew its position in Atmus Filtration Technologies by 35.8% in the 3rd quarter. Boston Partners now owns 671,676 shares of the company’s stock worth $29,334,000 after purchasing an additional 176,988 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in shares of Atmus Filtration Technologies by 16.1% during the third quarter. Public Sector Pension Investment Board now owns 379,528 shares of the company’s stock valued at $16,494,000 after buying an additional 52,705 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of Atmus Filtration Technologies by 468.5% during the third quarter. Global Retirement Partners LLC now owns 7,538 shares of the company’s stock valued at $327,000 after buying an additional 6,212 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Atmus Filtration Technologies by 10.3% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 62,633 shares of the company’s stock valued at $2,719,000 after buying an additional 5,862 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of Atmus Filtration Technologies by 6.8% during the third quarter. HighTower Advisors LLC now owns 4,614 shares of the company’s stock valued at $200,000 after buying an additional 293 shares during the last quarter. 32.73% of the stock is owned by institutional investors and hedge funds.

About Atmus Filtration Technologies

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.