Atmus Filtration Technologies (NYSE:ATMU) Cut to Buy at Wall Street Zen

Atmus Filtration Technologies (NYSE:ATMU) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

ATMU has been the subject of a number of other reports. JPMorgan Chase & Co. raised Atmus Filtration Technologies from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $53.00 to $60.00 in a report on Wednesday, November 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a report on Wednesday, October 8th. Finally, Wells Fargo & Company increased their price target on Atmus Filtration Technologies from $47.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, November 10th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $49.00.

Atmus Filtration Technologies Stock Up 0.8%

Atmus Filtration Technologies stock opened at $53.41 on Friday. The firm has a market capitalization of $4.35 billion, a price-to-earnings ratio of 22.25, a price-to-earnings-growth ratio of 3.47 and a beta of 1.58. The firm’s fifty day moving average price is $48.48 and its two-hundred day moving average price is $43.50. Atmus Filtration Technologies has a 1-year low of $30.94 and a 1-year high of $54.29. The company has a current ratio of 2.14, a quick ratio of 1.41 and a debt-to-equity ratio of 1.63.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results on Friday, November 7th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.61 by $0.08. Atmus Filtration Technologies had a net margin of 11.57% and a return on equity of 76.84%. The company had revenue of $447.70 million during the quarter, compared to the consensus estimate of $415.02 million. During the same period in the previous year, the firm posted $0.61 earnings per share. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. On average, equities research analysts predict that Atmus Filtration Technologies will post 2.52 earnings per share for the current fiscal year.

Institutional Trading of Atmus Filtration Technologies

A number of large investors have recently added to or reduced their stakes in ATMU. KLP Kapitalforvaltning AS lifted its position in shares of Atmus Filtration Technologies by 8.6% during the second quarter. KLP Kapitalforvaltning AS now owns 18,900 shares of the company’s stock worth $688,000 after acquiring 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 second quarter valued at $216,000. Public Employees Retirement System of Ohio raised its stake in shares of Atmus Filtration Technologies by 6,661.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 13,185 shares of the company’s stock valued at $480,000 after purchasing an additional 12,990 shares during the period. Geode Capital Management LLC lifted its holdings in Atmus Filtration Technologies by 20.8% during the 2nd quarter. Geode Capital Management LLC now owns 2,365,362 shares of the company’s stock worth $86,154,000 after purchasing an additional 407,484 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. lifted its holdings in Atmus Filtration Technologies by 33.3% during the 2nd quarter. Hussman Strategic Advisors Inc. now owns 42,000 shares of the company’s stock worth $1,530,000 after purchasing an additional 10,500 shares in the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

About Atmus Filtration Technologies

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.