Atmus Filtration Technologies (NYSE:ATMU) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Atmus Filtration Technologies (NYSE:ATMU) had its price target boosted by analysts at Wells Fargo & Company from $52.00 to $54.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential downside of 0.41% from the company’s previous close.

A number of other brokerages have also recently issued reports on ATMU. Wall Street Zen raised shares of Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, October 8th. JPMorgan Chase & Co. raised shares of 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 report on Wednesday, November 26th. Finally, Zacks Research raised shares of Atmus Filtration Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.50.

Atmus Filtration Technologies Stock Performance

Shares of NYSE ATMU opened at $54.22 on Wednesday. The firm has a 50 day moving average of $50.73 and a 200 day moving average of $45.17. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of 22.59, a price-to-earnings-growth ratio of 3.26 and a beta of 1.57. Atmus Filtration Technologies has a 12-month low of $30.94 and a 12-month high of $55.13. 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 quarterly earnings data 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 return on equity of 76.84% and a net margin of 11.57%.The firm had revenue of $447.70 million during the quarter, compared to analyst estimates of $415.02 million. During the same period in the prior year, the business posted $0.61 EPS. Atmus Filtration Technologies’s revenue 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, research analysts anticipate that Atmus Filtration Technologies will post 2.52 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ATMU. Jones Financial Companies Lllp boosted its holdings in shares of Atmus Filtration Technologies by 143.1% in the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock worth $26,000 after purchasing an additional 412 shares during the period. Bessemer Group Inc. raised its holdings 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 buying an additional 272 shares during the period. Geneos Wealth Management Inc. lifted its position in Atmus Filtration Technologies by 93.6% in the second quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock worth $49,000 after buying an additional 644 shares during the last quarter. GAMMA Investing LLC boosted its stake in Atmus Filtration Technologies by 14.7% during the fourth quarter. GAMMA Investing LLC now owns 2,223 shares of the company’s stock worth $115,000 after buying an additional 285 shares during the period. Finally, Osaic Holdings Inc. boosted its stake in Atmus Filtration Technologies by 54.8% during the second quarter. Osaic Holdings Inc. now owns 2,471 shares of the company’s stock worth $90,000 after buying an additional 875 shares during the period. Hedge funds and other institutional investors own 32.73% of the company’s stock.

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.