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

Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) have been assigned an average rating of “Hold” from the five ratings firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $47.25.

Several brokerages have commented on ATMU. Weiss Ratings reissued a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, October 8th. Robert W. Baird lifted their target price on Atmus Filtration Technologies from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, August 11th. JPMorgan Chase & Co. boosted their target price on Atmus Filtration Technologies from $47.00 to $53.00 and gave the stock a “neutral” rating in a research note on Monday, November 10th. Wall Street Zen raised Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 15th. Finally, Wells Fargo & Company lifted their price objective on Atmus Filtration Technologies from $47.00 to $52.00 and gave the company an “equal weight” rating in a research note on Monday, November 10th.

Atmus Filtration Technologies Stock Performance

NYSE ATMU opened at $47.82 on Monday. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.14 and a quick ratio of 1.41. The company has a market cap of $3.90 billion, a P/E ratio of 19.93, a P/E/G ratio of 3.13 and a beta of 1.62. The stock has a 50-day moving average of $45.77 and a two-hundred day moving average of $41.54. Atmus Filtration Technologies has a 1-year low of $30.94 and a 1-year high of $51.84.

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

Atmus Filtration Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be paid a $0.055 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $0.22 dividend on an annualized basis and a yield of 0.5%. Atmus Filtration Technologies’s payout ratio is currently 9.17%.

Institutional Investors Weigh In On Atmus Filtration Technologies

A number of large investors have recently modified their holdings of the company. KLP Kapitalforvaltning AS raised its stake in Atmus Filtration Technologies by 8.6% in the second quarter. KLP Kapitalforvaltning AS now owns 18,900 shares of the company’s stock valued at $688,000 after buying an additional 1,500 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Atmus Filtration Technologies in the 2nd quarter valued at about $216,000. Public Employees Retirement System of Ohio increased its holdings in shares of Atmus Filtration Technologies by 6,661.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 13,185 shares of the company’s stock valued at $480,000 after acquiring an additional 12,990 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Atmus Filtration Technologies by 6.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 799,222 shares of the company’s stock worth $29,355,000 after acquiring an additional 45,727 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Atmus Filtration Technologies by 6.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,439 shares of the company’s stock worth $898,000 after purchasing an additional 1,411 shares during the last quarter. 32.73% of the stock is owned by hedge funds and other institutional investors.

Atmus Filtration Technologies Company Profile

Atmus Filtration Technologies Inc designs, manufactures, and sells filtration products under the Fleetguard brand name in North America, Europe, South America, Asia, Australia, Africa, and internationally. The company offers fuel filters, lube filters, air filters, crankcase ventilation, hydraulic filters, coolants, and fuel additives, as well as other chemicals; and fuel water separators and other filtration systems to original equipment manufacturers, dealers/distributors, and end-users.