Atmus Filtration Technologies (NYSE:ATMU) Reaches New 12-Month High – Here’s What Happened

Atmus Filtration Technologies Inc. (NYSE:ATMU)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $58.18 and last traded at $57.45, with a volume of 18978 shares traded. The stock had previously closed at $57.36.

Analyst Upgrades and Downgrades

ATMU has been the subject of a number of recent analyst reports. Zacks Research upgraded Atmus Filtration Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. JPMorgan Chase & Co. upped their price target on shares of Atmus Filtration Technologies from $60.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Wells Fargo & Company raised their price objective 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. Weiss Ratings reissued a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 17th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Atmus Filtration Technologies presently has an average rating of “Moderate Buy” and an average target price of $50.50.

Atmus Filtration Technologies Stock Up 0.1%

The stock’s fifty day simple moving average is $52.28 and its two-hundred day simple moving average is $46.45. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.14 and a quick ratio of 1.41. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 2.44 and a beta of 1.57.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.08. The business had revenue of $447.70 million during the quarter, compared to the consensus estimate of $415.02 million. Atmus Filtration Technologies had a net margin of 11.57% and a return on equity of 76.84%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 EPS. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. On average, sell-side analysts predict that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th were given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Tuesday, November 25th. Atmus Filtration Technologies’s dividend payout ratio is presently 9.17%.

Institutional Investors Weigh In On Atmus Filtration Technologies

Large investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp increased its holdings in shares of Atmus Filtration Technologies by 143.1% in the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock worth $26,000 after acquiring an additional 412 shares during the period. Bessemer Group Inc. raised its holdings in shares of Atmus Filtration Technologies by 31.4% during the second 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. boosted its position 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 period. GAMMA Investing LLC grew its holdings in Atmus Filtration Technologies by 14.7% in the 4th 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. Finally, Osaic Holdings Inc. increased its position 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 acquiring an additional 875 shares during the period. 32.73% of the stock is owned by institutional investors and hedge funds.

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.