Atmus Filtration Technologies Inc. (NYSE:ATMU) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $45.40.

A number of brokerages have issued reports on ATMU. Weiss Ratings restated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Saturday, September 27th. Wells Fargo & Company upped their price target on shares of Atmus Filtration Technologies from $42.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, September 18th. Robert W. Baird upped their price target on shares of Atmus Filtration Technologies from $41.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, August 11th. Wall Street Zen raised shares of Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 20th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $46.00 price target (up previously from $44.00) on shares of Atmus Filtration Technologies in a report on Wednesday, August 20th.

Atmus Filtration Technologies Stock Performance

Shares of NYSE:ATMU opened at $44.48 on Friday. The company’s 50 day moving average price is $43.60 and its two-hundred day moving average price is $38.80. Atmus Filtration Technologies has a 12-month low of $30.94 and a 12-month high of $47.10. The firm has a market cap of $3.65 billion, a PE ratio of 19.68, a PEG ratio of 5.35 and a beta of 1.63. The company has a quick ratio of 1.43, a current ratio of 2.15 and a debt-to-equity ratio of 1.75.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Friday, August 8th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. Atmus Filtration Technologies had a net margin of 11.22% and a return on equity of 83.23%. The firm had revenue of $453.50 million for the quarter, compared to analyst estimates of $433.51 million. During the same quarter in the prior year, the business posted $0.71 EPS. The business’s revenue was up 4.8% compared to the same quarter last year. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. Equities research analysts predict that Atmus Filtration Technologies will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th were paid a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, August 26th. This is a positive change from Atmus Filtration Technologies’s previous quarterly dividend of $0.05. Atmus Filtration Technologies’s payout ratio is currently 9.73%.

Hedge Funds Weigh In On Atmus Filtration Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp lifted its stake in Atmus Filtration Technologies by 143.1% in the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after purchasing an additional 412 shares during the last quarter. SouthState Corp bought a new position in Atmus Filtration Technologies in the 1st quarter valued at approximately $27,000. Bessemer Group Inc. lifted its stake in Atmus Filtration Technologies by 31.4% in the 2nd quarter. Bessemer Group Inc. now owns 1,138 shares of the company’s stock valued at $42,000 after purchasing an additional 272 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Atmus Filtration Technologies by 93.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock valued at $49,000 after purchasing an additional 644 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in Atmus Filtration Technologies by 54.8% in the 2nd quarter. Osaic Holdings Inc. now owns 2,471 shares of the company’s stock valued at $90,000 after purchasing an additional 875 shares during the last quarter. Institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Company Profile

Atmus Filtration Technologies Inc designs, manufactures, and sells filtration products under the Fleetguard brand name in North America, Europe, South America, Asia, Australia, Africa, and internationally. The company offers fuel filters, lube filters, air filters, crankcase ventilation, hydraulic filters, coolants, and fuel additives, as well as other chemicals; and fuel water separators and other filtration systems to original equipment manufacturers, dealers/distributors, and end-users.