Atmus Filtration Technologies (NYSE:ATMU) Reaches New 52-Week High – Here’s Why

Atmus Filtration Technologies Inc. (NYSE:ATMU)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $55.78 and last traded at $55.1890, with a volume of 346139 shares trading hands. The stock had previously closed at $54.75.

Analysts Set New Price Targets

ATMU has been the subject of several research reports. Wells Fargo & Company lifted their target price on Atmus Filtration Technologies from $52.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 7th. JPMorgan Chase & Co. raised their price objective on Atmus Filtration Technologies from $60.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday. Wall Street Zen upgraded shares of Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 28th. Zacks Research upgraded shares of Atmus Filtration Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 29th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atmus Filtration Technologies in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $50.50.

Atmus Filtration Technologies Price Performance

The company has a market capitalization of $4.53 billion, a P/E ratio of 23.18, a PEG ratio of 3.43 and a beta of 1.57. The company has a quick ratio of 1.41, a current ratio of 2.14 and a debt-to-equity ratio of 1.63. The business has a 50 day simple moving average of $51.49 and a 200-day simple moving average of $45.77.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings data on Friday, November 7th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.08. The business had revenue of $447.70 million for the quarter, compared to analysts’ expectations 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 last year, the company earned $0.61 EPS. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. Analysts predict that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th were paid a dividend of $0.055 per share. 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 payout ratio is presently 9.17%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Eminence Capital LP lifted its holdings in Atmus Filtration Technologies by 1.1% in the third quarter. Eminence Capital LP now owns 6,522,404 shares of the company’s stock worth $294,095,000 after purchasing an additional 73,411 shares during the period. Geode Capital Management LLC lifted its position in Atmus Filtration Technologies by 20.8% in the second quarter. Geode Capital Management LLC now owns 2,365,362 shares of the company’s stock worth $86,154,000 after purchasing an additional 407,484 shares during the period. Invesco Ltd. boosted its stake in Atmus Filtration Technologies by 1.6% during the 3rd quarter. Invesco Ltd. now owns 2,223,823 shares of the company’s stock valued at $100,272,000 after purchasing an additional 34,146 shares in the last quarter. State Street Corp increased its position in shares of Atmus Filtration Technologies by 0.7% during the 2nd quarter. State Street Corp now owns 1,953,607 shares of the company’s stock valued at $71,150,000 after purchasing an additional 14,269 shares during the period. Finally, Channing Capital Management LLC raised its stake in shares of Atmus Filtration Technologies by 3,192.8% in the 3rd quarter. Channing Capital Management LLC now owns 1,715,015 shares of the company’s stock worth $77,330,000 after buying an additional 1,662,931 shares in the last quarter. 32.73% of the stock is owned by institutional investors and hedge funds.

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.