Wall Street Zen Upgrades Atmus Filtration Technologies (NYSE:ATMU) to “Buy”

Atmus Filtration Technologies (NYSE:ATMU) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other research firms have also recently weighed in on ATMU. Wells Fargo & Company lowered their price objective on shares of Atmus Filtration Technologies from $67.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 1st. Robert W. Baird lowered their price objective on shares of Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. Citigroup reiterated an “outperform” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, February 18th. Weiss Ratings upgraded shares of Atmus Filtration Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, May 26th. Finally, Zacks Research cut shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Atmus Filtration Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $62.67.

Atmus Filtration Technologies Trading Down 2.8%

NYSE ATMU opened at $45.87 on Friday. Atmus Filtration Technologies has a twelve month low of $34.58 and a twelve month high of $66.50. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.70 and a current ratio of 2.53. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 2.02 and a beta of 1.24. The firm’s 50 day moving average price is $55.85 and its two-hundred day moving average price is $56.19.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.04. Atmus Filtration Technologies had a net margin of 11.56% and a return on equity of 64.29%. The firm had revenue of $477.50 million for the quarter, compared to analysts’ expectations of $474.41 million. During the same period in the previous year, the company posted $0.63 EPS. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. Equities analysts anticipate that Atmus Filtration Technologies will post 2.95 EPS for the current year.

Insider Buying and Selling at Atmus Filtration Technologies

In related news, Director Gretchen R. Haggerty purchased 1,973 shares of the stock in a transaction dated Tuesday, May 12th. The shares were acquired at an average cost of $55.74 per share, for a total transaction of $109,975.02. Following the acquisition, the director directly owned 25,741 shares in the company, valued at approximately $1,434,803.34. The trade was a 8.30% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Charles Masters sold 2,890 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $45.25, for a total transaction of $130,772.50. Following the transaction, the senior vice president owned 43,579 shares in the company, valued at approximately $1,971,949.75. This represents a 6.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 36,240 shares of company stock worth $1,639,860 over the last 90 days. 0.43% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Atmus Filtration Technologies

Several institutional investors and hedge funds have recently modified their holdings of ATMU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Atmus Filtration Technologies by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,874 shares of the company’s stock valued at $1,832,000 after acquiring an additional 2,176 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Atmus Filtration Technologies by 17.5% in the 1st quarter. Millennium Management LLC now owns 219,639 shares of the company’s stock valued at $8,067,000 after purchasing an additional 32,727 shares during the last quarter. Jones Financial Companies Lllp lifted its stake 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 valued at $26,000 after purchasing an additional 412 shares during the last quarter. Caxton Associates LLP acquired a new stake in shares of Atmus Filtration Technologies in the 1st quarter valued at $283,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Atmus Filtration Technologies by 2.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 159,638 shares of the company’s stock valued at $5,864,000 after purchasing an additional 3,419 shares during the last quarter. 32.73% of the stock is currently 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.