Atmus Filtration Technologies Inc. (NYSE:ATMU) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) have been given an average recommendation of “Moderate Buy” by the six research firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $50.50.

A number of research analysts recently commented on ATMU shares. 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. raised their price objective on shares of Atmus Filtration Technologies from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, October 8th. Wells Fargo & Company increased their price target on shares of 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. Finally, Wall Street Zen cut shares of Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp boosted its stake 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 purchasing an additional 412 shares in the last quarter. Bessemer Group Inc. lifted its holdings in 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 purchasing an additional 272 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Atmus Filtration Technologies by 93.6% in the second 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. GAMMA Investing LLC boosted its position in Atmus Filtration Technologies by 14.7% in the fourth quarter. GAMMA Investing LLC now owns 2,223 shares of the company’s stock valued at $115,000 after buying an additional 285 shares in the last quarter. Finally, Osaic Holdings Inc. grew its stake in Atmus Filtration Technologies by 54.8% during the second quarter. Osaic Holdings Inc. now owns 2,471 shares of the company’s stock worth $90,000 after buying an additional 875 shares during the last quarter. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Atmus Filtration Technologies Stock Down 0.7%

NYSE ATMU opened at $56.82 on Tuesday. Atmus Filtration Technologies has a twelve month low of $30.94 and a twelve month high of $57.85. The stock has a market cap of $4.63 billion, a PE ratio of 23.68, a PEG ratio of 3.45 and a beta of 1.57. The firm has a 50-day simple moving average of $52.02 and a 200 day simple moving average of $46.25. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.41 and a current ratio of 2.14.

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

Atmus Filtration Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th were paid a $0.055 dividend. 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 currently 9.17%.

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.