Atmus Filtration Technologies (NYSE:ATMU) Upgraded to “Strong-Buy” at Wall Street Zen

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

ATMU has been the subject of a number of other research reports. JPMorgan Chase & Co. raised Atmus Filtration Technologies from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $53.00 to $60.00 in a research note on Wednesday, November 26th. Weiss Ratings reissued a “buy (b-)” rating on shares of Atmus Filtration Technologies in a report on Wednesday, October 8th. Finally, Wells Fargo & Company boosted their price objective on shares of 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $49.00.

Atmus Filtration Technologies Stock Up 0.1%

ATMU opened at $53.47 on Friday. Atmus Filtration Technologies has a 12 month low of $30.94 and a 12 month high of $54.84. The company has a current ratio of 2.14, a quick ratio of 1.41 and a debt-to-equity ratio of 1.63. The business’s 50-day moving average price is $49.44 and its 200-day moving average price is $44.15. The company has a market cap of $4.36 billion, a P/E ratio of 22.28, a P/E/G ratio of 3.49 and a beta of 1.58.

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

Institutional Investors Weigh In On Atmus Filtration Technologies

Several institutional investors and hedge funds have recently modified their holdings of ATMU. Jones Financial Companies Lllp increased its position in shares of Atmus Filtration Technologies by 143.1% during the first quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after buying an additional 412 shares during the period. Bessemer Group Inc. boosted its position in Atmus Filtration Technologies by 31.4% during the 2nd quarter. Bessemer Group Inc. now owns 1,138 shares of the company’s stock valued at $42,000 after acquiring an additional 272 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Atmus Filtration Technologies by 93.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock worth $49,000 after acquiring an additional 644 shares during the period. Osaic Holdings Inc. grew its holdings in shares of Atmus Filtration Technologies by 54.8% during the 2nd quarter. Osaic Holdings Inc. now owns 2,471 shares of the company’s stock worth $90,000 after acquiring an additional 875 shares during the period. Finally, Strs Ohio bought a new position in shares of Atmus Filtration Technologies in the 1st quarter worth approximately $121,000. 32.73% of the stock is owned by hedge funds and other institutional investors.

Atmus Filtration Technologies Company Profile

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.