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

Atmus Filtration Technologies Inc. (NYSE:ATMUGet Free Report) has earned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $62.00.

Several research firms have recently commented on ATMU. Wells Fargo & Company began coverage on Atmus Filtration Technologies in a report on Monday, August 3rd. They set an “equal weight” rating and a $56.00 price objective for the company. Wall Street Zen cut Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a report on Sunday, June 14th. Finally, Weiss Ratings downgraded shares of Atmus Filtration Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th.

Read Our Latest Research Report on Atmus Filtration Technologies

Insider Transactions at Atmus Filtration Technologies

In other news, insider Renee Swan sold 3,870 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $50.89, for a total transaction of $196,944.30. Following the completion of the sale, the insider directly owned 46,875 shares of the company’s stock, valued at $2,385,468.75. The trade was a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Stephen E. Macadam bought 2,000 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was acquired at an average price of $49.78 per share, for a total transaction of $99,560.00. Following the acquisition, the director directly owned 40,588 shares in the company, valued at $2,020,470.64. The trade was a 5.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.43% of the stock is owned by company insiders.

Hedge Funds Weigh In On Atmus Filtration Technologies

Hedge funds have recently bought and sold shares of the company. Allworth Financial LP bought a new stake in Atmus Filtration Technologies in the 2nd quarter worth about $25,000. Jones Financial Companies Lllp lifted its stake in Atmus Filtration Technologies by 143.1% in the first 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. Essex Investment Management Co. LLC bought a new position in shares of Atmus Filtration Technologies during the 4th quarter worth $37,000. GHP Investment Advisors Inc. bought a new position in Atmus Filtration Technologies during the first quarter worth about $44,000. Finally, PNC Financial Services Group Inc. grew its stake in Atmus Filtration Technologies by 87.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 849 shares of the company’s stock valued at $44,000 after buying an additional 397 shares in the last quarter. 32.73% of the stock is owned by hedge funds and other institutional investors.

Atmus Filtration Technologies Price Performance

Atmus Filtration Technologies stock opened at $46.13 on Wednesday. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 1.99 and a beta of 1.19. Atmus Filtration Technologies has a 52-week low of $42.60 and a 52-week high of $66.50. The stock’s 50 day moving average price is $51.01 and its two-hundred day moving average price is $54.74. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.83 and a current ratio of 2.65.

Atmus Filtration Technologies (NYSE:ATMUGet Free Report) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.04. The firm had revenue of $527.90 million during the quarter, compared to the consensus estimate of $507.02 million. Atmus Filtration Technologies had a net margin of 11.32% and a return on equity of 59.85%. The business’s revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. On average, equities analysts predict that Atmus Filtration Technologies will post 2.97 earnings per share for the current year.

Atmus Filtration Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Thursday, August 27th will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, August 27th. This is a positive change from Atmus Filtration Technologies’s previous quarterly dividend of $0.06. This represents a $0.24 annualized dividend and a yield of 0.5%. Atmus Filtration Technologies’s dividend payout ratio is currently 9.20%.

About Atmus Filtration Technologies

(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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