Atmus Filtration Technologies (NYSE:ATMU) Downgraded to Hold Rating by Zacks Research

Zacks Research downgraded shares of Atmus Filtration Technologies (NYSE:ATMU) from a strong-buy rating to a hold rating in a report published on Tuesday,Zacks.com reports.

Other analysts have also recently issued reports about the company. Wall Street Zen cut Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 17th. JPMorgan Chase & Co. increased their price target on Atmus Filtration Technologies from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, January 21st. Finally, Wells Fargo & Company upped their target price on shares of Atmus Filtration Technologies from $52.00 to $54.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 7th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Atmus Filtration Technologies has an average rating of “Moderate Buy” and a consensus target price of $50.50.

Atmus Filtration Technologies Price Performance

NYSE ATMU traded up $0.44 on Tuesday, hitting $57.18. 69,421 shares of the company’s stock were exchanged, compared to its average volume of 454,555. The stock has a 50-day moving average of $53.27 and a 200-day moving average of $47.10. The stock has a market cap of $4.66 billion, a price-to-earnings ratio of 23.83, a P/E/G ratio of 2.49 and a beta of 1.57. Atmus Filtration Technologies has a 52 week low of $30.94 and a 52 week high of $58.18. The company has a current ratio of 2.14, a quick ratio of 1.41 and a debt-to-equity ratio of 1.63.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings results on Friday, November 7th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.08. Atmus Filtration Technologies had a return on equity of 76.84% and a net margin of 11.57%.The company had revenue of $447.70 million during the quarter, compared to analysts’ expectations of $415.02 million. During the same quarter in the previous year, the firm earned $0.61 EPS. Atmus Filtration Technologies’s revenue was up 10.9% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. Analysts expect that Atmus Filtration Technologies will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th were issued a $0.055 dividend. The ex-dividend date of this dividend was Tuesday, November 25th. This represents a $0.22 annualized dividend and a yield of 0.4%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 9.17%.

Institutional Trading of Atmus Filtration Technologies

Hedge funds and other institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp grew its position in shares of Atmus Filtration Technologies by 143.1% in the first quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after purchasing an additional 412 shares in the last quarter. Bessemer Group Inc. increased its holdings in Atmus Filtration Technologies by 31.4% during the 2nd quarter. Bessemer Group Inc. now owns 1,138 shares of the company’s stock worth $42,000 after acquiring an additional 272 shares during the period. Geneos Wealth Management Inc. boosted its holdings 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 period. Osaic Holdings Inc. increased its holdings in shares of Atmus Filtration Technologies by 54.8% in the second quarter. Osaic Holdings Inc. now owns 2,471 shares of the company’s stock worth $90,000 after purchasing an additional 875 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Atmus Filtration Technologies by 14.7% in the fourth quarter. GAMMA Investing LLC now owns 2,223 shares of the company’s stock worth $115,000 after buying an additional 285 shares in the last quarter. Institutional investors own 32.73% of the company’s stock.

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.