Atmus Filtration Technologies (NYSE:ATMU) Given New $66.00 Price Target at Robert W. Baird

Atmus Filtration Technologies (NYSE:ATMU) had its target price reduced by analysts at Robert W. Baird from $69.00 to $66.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price target suggests a potential upside of 13.65% from the stock’s previous close.

A number of other research analysts have also issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Atmus Filtration Technologies from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Zacks Research raised Atmus Filtration Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Wall Street Zen raised Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 14th. Citigroup reissued an “outperform” rating on shares of Atmus Filtration Technologies in a report on Wednesday, February 18th. Finally, Wells Fargo & Company upped their price objective on shares of Atmus Filtration Technologies from $54.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.00.

Atmus Filtration Technologies Stock Performance

Shares of NYSE ATMU opened at $58.07 on Monday. The company has a current ratio of 2.42, a quick ratio of 1.66 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $4.73 billion, a P/E ratio of 23.23, a P/E/G ratio of 2.61 and a beta of 1.48. Atmus Filtration Technologies has a 12 month low of $30.94 and a 12 month high of $66.50. The stock has a 50 day moving average of $60.22 and a 200-day moving average of $52.87.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings data on Friday, February 13th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.57 by $0.09. The firm had revenue of $446.60 million for the quarter, compared to the consensus estimate of $422.25 million. Atmus Filtration Technologies had a net margin of 11.76% and a return on equity of 69.78%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.58 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. As a group, equities research analysts predict that Atmus Filtration Technologies will post 2.52 EPS for the current year.

Institutional Trading of Atmus Filtration Technologies

Several institutional investors and hedge funds have recently modified their holdings of ATMU. Jones Financial Companies Lllp raised its stake in Atmus Filtration Technologies by 143.1% during the first quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock worth $26,000 after acquiring an additional 412 shares in the last quarter. Essex Investment Management Co. LLC acquired a new position in Atmus Filtration Technologies during the 4th quarter worth approximately $37,000. PNC Financial Services Group Inc. lifted its stake in Atmus Filtration Technologies by 87.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 849 shares of the company’s stock valued at $44,000 after purchasing an additional 397 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Atmus Filtration Technologies by 93.6% during the second quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock worth $49,000 after buying an additional 644 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Atmus Filtration Technologies by 1,498.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 959 shares of the company’s stock worth $50,000 after buying an additional 899 shares in the last quarter. 32.73% of the stock is currently owned by institutional investors.

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.