Atmus Filtration Technologies Inc. (NYSE:ATMU) Receives $50.50 Average Price Target from Analysts

Atmus Filtration Technologies Inc. (NYSE:ATMU) has been given a consensus rating of “Moderate Buy” by the six research firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $50.50.

ATMU has been the topic of a number of analyst reports. Wall Street Zen cut shares of Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atmus Filtration Technologies in a report on Wednesday, January 21st. Zacks Research cut Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Wells Fargo & Company raised their target price on Atmus Filtration Technologies from $52.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 7th. Finally, JPMorgan Chase & Co. upped their price target on Atmus Filtration Technologies from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th.

Atmus Filtration Technologies Stock Up 1.6%

ATMU opened at $63.13 on Friday. The company has a market capitalization of $5.15 billion, a P/E ratio of 26.31, a P/E/G ratio of 2.73 and a beta of 1.56. 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 firm’s fifty day moving average price is $55.43 and its two-hundred day moving average price is $48.71. Atmus Filtration Technologies has a fifty-two week low of $30.94 and a fifty-two week high of $64.06.

Atmus Filtration Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Friday, February 20th will be issued a $0.055 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $0.22 annualized dividend and a dividend yield of 0.3%. Atmus Filtration Technologies’s dividend payout ratio is presently 9.17%.

Institutional Trading of Atmus Filtration Technologies

Several hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp increased its holdings in Atmus Filtration Technologies by 143.1% during the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after purchasing an additional 412 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Atmus Filtration Technologies by 87.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 849 shares of the company’s stock worth $44,000 after purchasing an additional 397 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of Atmus Filtration Technologies by 31.4% in the second quarter. Bessemer Group Inc. now owns 1,138 shares of the company’s stock valued at $42,000 after buying an additional 272 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of Atmus Filtration Technologies by 53.7% in the fourth quarter. Global Retirement Partners LLC now owns 1,319 shares of the company’s stock valued at $68,000 after buying an additional 461 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in 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 buying an additional 644 shares in the last quarter. Institutional investors and hedge funds 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.