Atmus Filtration Technologies (NYSE:ATMU) Upgraded by Wall Street Zen to Strong-Buy Rating

Wall Street Zen upgraded shares of Atmus Filtration Technologies (NYSE:ATMU) from a buy rating to a strong-buy rating in a report released on Saturday morning.

ATMU has been the topic of a number of other research reports. Wells Fargo & Company increased their price target on Atmus Filtration Technologies from $47.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, November 10th. Robert W. Baird raised their target price on shares of Atmus Filtration Technologies from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, August 11th. JPMorgan Chase & Co. boosted their price target on shares of Atmus Filtration Technologies from $47.00 to $53.00 and gave the stock a “neutral” rating in a report on Monday, November 10th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $47.25.

Atmus Filtration Technologies Price Performance

Atmus Filtration Technologies stock opened at $47.62 on Friday. The company has a quick ratio of 1.43, a current ratio of 2.14 and a debt-to-equity ratio of 1.63. Atmus Filtration Technologies has a 52-week low of $30.94 and a 52-week high of $51.84. The firm has a market cap of $3.88 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 3.12 and a beta of 1.62. The company’s 50 day moving average is $45.70 and its two-hundred day moving average is $41.11.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings data on Friday, November 7th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.08. The business had revenue of $447.70 million for the quarter, compared to analyst estimates of $415.02 million. Atmus Filtration Technologies had a return on equity of 76.84% and a net margin of 11.57%.The company’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 earnings per share. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. On average, research analysts expect that Atmus Filtration Technologies will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, November 25th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 9.17%.

Institutional Trading of Atmus Filtration Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in ATMU. Jones Financial Companies Lllp boosted its position 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 period. SouthState Corp purchased a new stake in Atmus Filtration Technologies in the first quarter valued at approximately $27,000. Bessemer Group Inc. boosted its holdings 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 acquiring an additional 272 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Atmus Filtration Technologies by 93.6% during the second quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock worth $49,000 after acquiring an additional 644 shares during the last quarter. Finally, Osaic Holdings Inc. increased its holdings in shares of Atmus Filtration Technologies by 54.8% in the 2nd quarter. Osaic Holdings Inc. now owns 2,471 shares of the company’s stock valued at $90,000 after acquiring an additional 875 shares during the period. Institutional investors and hedge funds own 32.73% of the company’s stock.

Atmus Filtration Technologies Company Profile

Atmus Filtration Technologies Inc designs, manufactures, and sells filtration products under the Fleetguard brand name in North America, Europe, South America, Asia, Australia, Africa, and internationally. The company offers fuel filters, lube filters, air filters, crankcase ventilation, hydraulic filters, coolants, and fuel additives, as well as other chemicals; and fuel water separators and other filtration systems to original equipment manufacturers, dealers/distributors, and end-users.