Atmus Filtration Technologies (NYSE:ATMU) Issues Quarterly Earnings Results

Atmus Filtration Technologies (NYSE:ATMU) announced its quarterly earnings results on Friday. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.61 by $0.08, Zacks reports. The company had revenue of $447.70 million for the quarter, compared to analyst estimates of $415.02 million. Atmus Filtration Technologies had a net margin of 11.22% and a return on equity of 83.23%. Atmus Filtration Technologies’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.61 EPS. Atmus Filtration Technologies updated its FY 2025 guidance to 2.500-2.650 EPS.

Atmus Filtration Technologies Stock Performance

NYSE:ATMU traded up $1.37 during mid-day trading on Friday, hitting $47.88. 1,851,112 shares of the company’s stock traded hands, compared to its average volume of 605,830. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 5.60 and a beta of 1.62. The firm has a 50 day moving average of $45.29 and a two-hundred day moving average of $40.53. The company has a current ratio of 2.15, a quick ratio of 1.43 and a debt-to-equity ratio of 1.75. Atmus Filtration Technologies has a 12 month low of $30.94 and a 12 month high of $51.84.

Atmus Filtration Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th were paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 0.5%. The ex-dividend date was Tuesday, August 26th. This is a positive change from Atmus Filtration Technologies’s previous quarterly dividend of $0.05. Atmus Filtration Technologies’s dividend payout ratio is currently 9.73%.

Institutional Investors Weigh In On Atmus Filtration Technologies

Several hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp raised its stake in Atmus Filtration Technologies by 143.1% during the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after purchasing an additional 412 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Atmus Filtration Technologies by 93.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock worth $49,000 after purchasing an additional 644 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of Atmus Filtration Technologies by 54.8% during the 2nd quarter. Osaic Holdings Inc. now owns 2,471 shares of the company’s stock worth $90,000 after purchasing an additional 875 shares during the period. Strs Ohio acquired a new position in shares of Atmus Filtration Technologies during the first quarter valued at about $121,000. Finally, Creative Planning raised its position in shares of Atmus Filtration Technologies by 4.9% during the second quarter. Creative Planning now owns 6,688 shares of the company’s stock valued at $244,000 after buying an additional 312 shares during the last quarter. 32.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ATMU has been the subject of a number of recent research reports. JPMorgan Chase & Co. upped their price objective on shares of Atmus Filtration Technologies from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. Wall Street Zen cut Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Wells Fargo & Company upped their price target on Atmus Filtration Technologies from $42.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 18th. Robert W. Baird increased their price objective on Atmus Filtration Technologies from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, August 11th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Atmus Filtration Technologies has a consensus rating of “Moderate Buy” and an average target price of $45.60.

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.