Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU – Get Free Report) hit a new 52-week low during mid-day trading on Thursday after JPMorgan Chase & Co. lowered their price target on the stock from $67.00 to $54.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Atmus Filtration Technologies traded as low as $42.25 and last traded at $41.9650, with a volume of 113,589 shares traded. The stock had previously closed at $44.12.
A number of other research firms also recently issued reports on ATMU. Wall Street Zen downgraded Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, June 14th. Weiss Ratings lowered shares of Atmus Filtration Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Finally, Wells Fargo & Company started coverage on shares of Atmus Filtration Technologies in a research report on Monday, August 3rd. They issued an “equal weight” rating and a $56.00 price target on the stock. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $57.67.
Get Our Latest Report on Atmus Filtration Technologies
Insider Activity at Atmus Filtration Technologies
Hedge Funds Weigh In On Atmus Filtration Technologies
Large investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Atmus Filtration Technologies by 16.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,476 shares of the company’s stock valued at $7,928,000 after buying an additional 21,579 shares in the last quarter. Marathon Partners Equity Management LLC bought a new position in Atmus Filtration Technologies in the 2nd quarter worth about $3,926,000. Castleark Management LLC purchased a new position in shares of Atmus Filtration Technologies during the first quarter worth approximately $6,776,000. California State Teachers Retirement System raised its stake in shares of Atmus Filtration Technologies by 24.0% during the first quarter. California State Teachers Retirement System now owns 97,466 shares of the company’s stock valued at $5,533,000 after acquiring an additional 18,890 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Atmus Filtration Technologies by 33.8% during the first quarter. Bank of America Corp DE now owns 893,577 shares of the company’s stock valued at $50,728,000 after acquiring an additional 225,601 shares in the last quarter. 32.73% of the stock is owned by hedge funds and other institutional investors.
Atmus Filtration Technologies Stock Up 0.7%
The company has a debt-to-equity ratio of 2.18, a current ratio of 2.65 and a quick ratio of 1.83. The stock has a market cap of $3.50 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 1.79 and a beta of 1.20. The business has a fifty day moving average of $47.42 and a 200-day moving average of $51.65.
Atmus Filtration Technologies (NYSE:ATMU – Get Free Report) last released its quarterly earnings data on Friday, August 7th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.78 by $0.04. The company had revenue of $527.90 million for the quarter, compared to the consensus estimate of $507.02 million. Atmus Filtration Technologies had a return on equity of 59.85% and a net margin of 11.32%. Atmus Filtration Technologies’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period last year, the business posted $0.75 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. Equities research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.97 earnings per share for the current year.
Atmus Filtration Technologies Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Thursday, August 27th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.6%. The ex-dividend date was Thursday, August 27th. This is a positive change from Atmus Filtration Technologies’s previous quarterly dividend of $0.0550. Atmus Filtration Technologies’s dividend payout ratio (DPR) is currently 9.20%.
Atmus Filtration Technologies Company Profile
Atmus Filtration Technologies Inc (NYSE: ATMU) is a filtration solutions company that develops, manufactures and distributes products for commercial vehicles, off-highway equipment, power generation systems and industrial applications. The company serves original equipment manufacturers, distributors and customers in the aftermarket.
Its product portfolio includes air, fuel, lube, hydraulic and coolant filtration systems, as well as products designed to support emissions control and other engine and equipment performance needs.
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