Atmus Filtration Technologies (NYSE:ATMU) Price Target Raised to $53.00 at JPMorgan Chase & Co.

Atmus Filtration Technologies (NYSE:ATMU) had its price target hoisted by research analysts at JPMorgan Chase & Co. from $47.00 to $53.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 7.58% from the stock’s current price.

ATMU has been the topic of a number of other reports. Wall Street Zen lowered Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings restated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a report on Wednesday, October 8th. Wells Fargo & Company lifted their target price on shares of Atmus Filtration Technologies from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Robert W. Baird boosted their price target on shares of Atmus Filtration Technologies from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, August 11th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.80.

Atmus Filtration Technologies Price Performance

Shares of NYSE:ATMU traded up $1.37 during trading hours on Monday, hitting $49.27. 274,232 shares of the company’s stock traded hands, compared to its average volume of 767,350. The company’s fifty day simple moving average is $45.29 and its two-hundred day simple moving average is $40.64. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 5.69 and a beta of 1.62. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.43 and a current ratio of 2.15. Atmus Filtration Technologies has a 52 week low of $30.94 and a 52 week high of $51.84.

Atmus Filtration Technologies (NYSE:ATMU) last released its earnings results on Friday, November 7th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.61 by $0.08. The business had revenue of $447.70 million during the quarter, compared to analyst estimates of $415.02 million. Atmus Filtration Technologies had a net margin of 11.57% and a return on equity of 81.62%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.61 earnings per share. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. As a group, equities analysts anticipate that Atmus Filtration Technologies will post 2.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Atmus Filtration Technologies

Several institutional investors and hedge funds have recently modified their holdings of ATMU. Jones Financial Companies Lllp raised its holdings in shares of 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. SouthState Corp purchased a new stake in shares of Atmus Filtration Technologies during the 1st quarter worth about $27,000. Bessemer Group Inc. lifted its holdings in shares of Atmus Filtration Technologies by 31.4% during the 2nd quarter. Bessemer Group Inc. now owns 1,138 shares of the company’s stock valued at $42,000 after buying an additional 272 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of 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 buying an additional 644 shares in the last quarter. Finally, Osaic Holdings Inc. raised its position in Atmus Filtration Technologies by 54.8% during the second quarter. Osaic Holdings Inc. now owns 2,471 shares of the company’s stock valued at $90,000 after acquiring an additional 875 shares in the last quarter. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

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.