Atmus Filtration Technologies (NYSE:ATMU) Price Target Raised to $39.00

Atmus Filtration Technologies (NYSE:ATMU) had its price objective increased by Wells Fargo & Company from $37.00 to $39.00 in a report issued on Tuesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other research firms have also issued reports on ATMU. JPMorgan Chase & Co. lifted their target price on Atmus Filtration Technologies from $38.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, May 5th. The Goldman Sachs Group cut Atmus Filtration Technologies from a “buy” rating to a “neutral” rating and set a $39.00 price objective for the company. in a research note on Tuesday, May 27th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Atmus Filtration Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.80.

Atmus Filtration Technologies Stock Up 1.2%

Shares of NYSE:ATMU opened at $37.78 on Tuesday. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 4.66 and a beta of 1.64. Atmus Filtration Technologies has a 12-month low of $28.01 and a 12-month high of $45.43. The business has a 50-day moving average price of $36.33 and a 200 day moving average price of $37.65. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 2.12.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Friday, May 2nd. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.04. The company had revenue of $110.50 million during the quarter, compared to analyst estimates of $424.03 million. Atmus Filtration Technologies had a net margin of 11.14% and a return on equity of 94.85%. Atmus Filtration Technologies’s revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 earnings per share. Sell-side analysts expect that Atmus Filtration Technologies will post 2.52 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Tuesday, June 3rd were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Tuesday, June 3rd. Atmus Filtration Technologies’s dividend payout ratio (DPR) is presently 9.05%.

Institutional Trading of Atmus Filtration Technologies

A number of institutional investors have recently bought and sold shares of ATMU. 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 valued at $26,000 after acquiring an additional 412 shares during the last quarter. SouthState Corp acquired a new stake in Atmus Filtration Technologies during the first quarter worth approximately $27,000. New Age Alpha Advisors LLC acquired a new stake in Atmus Filtration Technologies during the fourth quarter worth approximately $32,000. Tower Research Capital LLC TRC lifted its position in shares of Atmus Filtration Technologies by 295.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,368 shares of the company’s stock worth $54,000 after buying an additional 1,022 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of Atmus Filtration Technologies by 70.9% in the 4th quarter. Quarry LP now owns 1,993 shares of the company’s stock valued at $78,000 after buying an additional 827 shares in the last quarter. 32.73% of the stock is 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.