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

Shares of Atmus Filtration Technologies Inc. (NYSE:ATMUGet Free Report) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $62.6667.

Several brokerages recently commented on ATMU. Weiss Ratings cut shares of Atmus Filtration Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Zacks Research cut shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Wall Street Zen cut shares of Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, June 14th. Robert W. Baird reduced their price objective on shares of Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating for the company in a research note on Monday, May 4th.

Check Out Our Latest Stock Analysis on Atmus Filtration Technologies

Insiders Place Their Bets

In other Atmus Filtration Technologies news, CEO Stephanie Disher sold 25,652 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $45.25, for a total value of $1,160,753.00. Following the completion of the transaction, the chief executive officer owned 363,024 shares of the company’s stock, valued at $16,426,836. The trade was a 6.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Jack Kienzler sold 5,132 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $45.25, for a total transaction of $232,223.00. Following the completion of the transaction, the chief financial officer directly owned 75,804 shares of the company’s stock, valued at approximately $3,430,131. This represents a 6.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 36,240 shares of company stock worth $1,639,860. 0.43% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Atmus Filtration Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Eminence Capital LP grew its stake in Atmus Filtration Technologies by 1.1% in the 3rd quarter. Eminence Capital LP now owns 6,522,404 shares of the company’s stock worth $294,095,000 after buying an additional 73,411 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Atmus Filtration Technologies by 14.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,677,884 shares of the company’s stock worth $242,830,000 after buying an additional 596,553 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Atmus Filtration Technologies by 5.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,200,311 shares of the company’s stock worth $166,128,000 after buying an additional 163,659 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Atmus Filtration Technologies by 22.7% in the 4th quarter. Invesco Ltd. now owns 2,728,470 shares of the company’s stock valued at $141,635,000 after purchasing an additional 504,647 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Atmus Filtration Technologies by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 2,428,684 shares of the company’s stock valued at $126,088,000 after purchasing an additional 54,376 shares in the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Price Performance

Shares of NYSE:ATMU opened at $51.76 on Friday. The company has a 50 day moving average of $54.29 and a 200 day moving average of $56.31. The stock has a market cap of $4.23 billion, a P/E ratio of 20.30, a P/E/G ratio of 2.18 and a beta of 1.24. Atmus Filtration Technologies has a 12 month low of $34.58 and a 12 month high of $66.50. The company has a current ratio of 2.53, a quick ratio of 1.70 and a debt-to-equity ratio of 2.47.

Atmus Filtration Technologies (NYSE:ATMUGet Free Report) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.65 by $0.04. The company had revenue of $477.50 million during the quarter, compared to analysts’ expectations of $474.41 million. Atmus Filtration Technologies had a net margin of 11.56% and a return on equity of 64.29%. Atmus Filtration Technologies’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.63 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. As a group, sell-side analysts forecast that Atmus Filtration Technologies will post 2.95 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, May 26th were paid a dividend of $0.055 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $0.22 annualized dividend and a yield of 0.4%. Atmus Filtration Technologies’s payout ratio is currently 8.63%.

Atmus Filtration Technologies Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Atmus Filtration Technologies (NYSE:ATMU)

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