Atmus Filtration Technologies Inc. (NYSE:ATMU – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $57.67.
Several equities analysts have commented on the stock. Wells Fargo & Company began coverage on shares of Atmus Filtration Technologies in a research note on Monday, August 3rd. They set an “equal weight” rating and a $56.00 target price on the stock. Weiss Ratings raised Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Atmus Filtration Technologies from $67.00 to $54.00 and set an “overweight” rating for the company in a research report on Thursday, October 8th.
Check Out Our Latest Stock Analysis on ATMU
Insider Activity at Atmus Filtration Technologies
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of ATMU. GAMMA Investing LLC boosted its position in shares of Atmus Filtration Technologies by 25.5% in the 3rd quarter. GAMMA Investing LLC now owns 3,169 shares of the company’s stock valued at $138,000 after purchasing an additional 643 shares during the period. Farther Finance Advisors LLC increased its stake in Atmus Filtration Technologies by 9.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,368 shares of the company’s stock worth $146,000 after purchasing an additional 302 shares in the last quarter. Tidal Investments LLC increased its stake in Atmus Filtration Technologies by 2.6% in the 2nd quarter. Tidal Investments LLC now owns 123,691 shares of the company’s stock worth $6,307,000 after purchasing an additional 3,119 shares in the last quarter. Nykredit A S purchased a new position in Atmus Filtration Technologies in the 2nd quarter worth about $73,000. Finally, Parkside Financial Bank & Trust raised its holdings in Atmus Filtration Technologies by 252.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,409 shares of the company’s stock worth $72,000 after buying an additional 1,009 shares during the period. Institutional investors own 32.73% of the company’s stock.
Atmus Filtration Technologies Trading Down 1.6%
NYSE:ATMU opened at $43.04 on Thursday. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 1.84 and a beta of 1.20. 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 has a 1 year low of $40.75 and a 1 year high of $66.50. The business has a fifty day moving average of $46.76 and a 200-day moving average of $51.25.
Atmus Filtration Technologies (NYSE:ATMU – Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. The business had revenue of $527.90 million for the quarter, compared to analysts’ expectations of $507.02 million. Atmus Filtration Technologies had a net margin of 11.32% and a return on equity of 59.85%. The company’s revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.75 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. 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 announced a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Thursday, August 27th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Thursday, August 27th. This is an increase from Atmus Filtration Technologies’s previous quarterly dividend of $0.0550. Atmus Filtration Technologies’s payout ratio is presently 9.20%.
About Atmus Filtration Technologies
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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