Atmus Filtration Technologies Inc. (NYSE:ATMU) Given Consensus Rating of “Moderate Buy” by Brokerages

Atmus Filtration Technologies Inc. (NYSE:ATMU) has earned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $62.6667.

Several analysts recently commented on ATMU shares. JPMorgan Chase & Co. dropped their price target on shares of Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating on the stock in a research report on Monday, May 4th. Zacks Research lowered shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Robert W. Baird dropped their price target 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. Wall Street Zen upgraded shares of Atmus Filtration Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Finally, Citigroup restated an “outperform” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, February 18th.

Insider Buying and Selling at Atmus Filtration Technologies

In other Atmus Filtration Technologies news, CFO Jack Kienzler sold 5,132 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $45.25, for a total transaction of $232,223.00. Following the transaction, the chief financial officer directly owned 75,804 shares of the company’s stock, valued at $3,430,131. This trade represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Stephanie Disher sold 25,652 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $45.25, for a total transaction of $1,160,753.00. Following the transaction, the chief executive officer directly owned 363,024 shares in the company, valued at approximately $16,426,836. The trade was a 6.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 36,240 shares of company stock valued at $1,639,860. Insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On Atmus Filtration Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Channing Capital Management LLC raised its stake in Atmus Filtration Technologies by 3,192.8% during the third quarter. Channing Capital Management LLC now owns 1,715,015 shares of the company’s stock worth $77,330,000 after purchasing an additional 1,662,931 shares during the period. Boston Trust Walden Corp purchased a new position in Atmus Filtration Technologies during the fourth quarter worth about $44,304,000. Arrowstreet Capital Limited Partnership raised its stake in Atmus Filtration Technologies by 193.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 999,548 shares of the company’s stock worth $56,744,000 after purchasing an additional 659,357 shares during the period. First Trust Advisors LP raised its stake in Atmus Filtration Technologies by 39.5% during the fourth quarter. First Trust Advisors LP now owns 2,131,911 shares of the company’s stock worth $110,668,000 after purchasing an additional 603,954 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in Atmus Filtration Technologies by 14.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,677,884 shares of the company’s stock worth $242,830,000 after purchasing an additional 596,553 shares during the period. 32.73% of the stock is owned by hedge funds and other institutional investors.

Atmus Filtration Technologies Stock Up 1.8%

NYSE:ATMU opened at $48.29 on Friday. The firm has a market capitalization of $3.94 billion, a P/E ratio of 18.94, a PEG ratio of 2.03 and a beta of 1.24. Atmus Filtration Technologies has a 1-year low of $34.58 and a 1-year high of $66.50. The company’s fifty day moving average price is $55.08 and its 200-day moving average price is $56.28. The company has a debt-to-equity ratio of 2.47, a current ratio of 2.53 and a quick ratio of 1.70.

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

Atmus Filtration Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, May 26th were given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 0.5%. The ex-dividend date was Tuesday, May 26th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is currently 8.63%.

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.