Atmus Filtration Technologies (NYSE:ATMU) Cut to Hold at Wall Street Zen

Atmus Filtration Technologies (NYSE:ATMU) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

ATMU has been the topic of several other research reports. Robert W. Baird reduced 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. Citigroup reissued an “outperform” rating on shares of Atmus Filtration Technologies in a report on Wednesday, February 18th. Zacks Research cut Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings cut Atmus Filtration Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Finally, JPMorgan Chase & Co. dropped their price objective on Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating for the company in a report on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.67.

Atmus Filtration Technologies Price Performance

Shares of Atmus Filtration Technologies stock opened at $49.77 on Friday. Atmus Filtration Technologies has a 1-year low of $34.58 and a 1-year high of $66.50. The company has a current ratio of 2.53, a quick ratio of 1.70 and a debt-to-equity ratio of 2.47. The firm has a fifty day simple moving average of $54.92 and a 200-day simple moving average of $56.23. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 2.13 and a beta of 1.24.

Atmus Filtration Technologies (NYSE:ATMU) last issued its earnings results on Friday, May 1st. The company reported $0.69 EPS for the quarter, beating 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 company had revenue of $477.50 million for the quarter, compared to the consensus estimate of $474.41 million. During the same quarter in the previous year, the company earned $0.63 EPS. The firm’s revenue for the quarter 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. On average, sell-side analysts expect that Atmus Filtration Technologies will post 2.95 earnings per share for the current year.

Insider Buying and Selling at Atmus Filtration Technologies

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

Institutional Investors Weigh In On Atmus Filtration Technologies

Large investors have recently made changes to their positions in the stock. 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 valued at $26,000 after buying an additional 412 shares during the last quarter. Essex Investment Management Co. LLC bought a new position in Atmus Filtration Technologies during the 4th quarter worth $37,000. GHP Investment Advisors Inc. bought a new position in Atmus Filtration Technologies during the 1st quarter worth $44,000. PNC Financial Services Group Inc. increased its position in Atmus Filtration Technologies by 87.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 849 shares of the company’s stock worth $44,000 after buying an additional 397 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in Atmus Filtration Technologies by 1,498.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 959 shares of the company’s stock worth $50,000 after buying an additional 899 shares during the period. Institutional investors and hedge funds own 32.73% of the company’s stock.

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.