Atmus Filtration Technologies (ATMU) – Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Atmus Filtration Technologies (NYSE: ATMU) in the last few weeks:

• 10/16/2024 – Atmus Filtration Technologies had its price target raised by analysts at Robert W. Baird from $37.00 to $42.00. They now have an “outperform” rating on the stock.
• 10/15/2024 – Atmus Filtration Technologies had its price target raised by analysts at Northland Securities from $38.00 to $49.00. They now have an “outperform” rating on the stock.
• 10/11/2024 – Atmus Filtration Technologies had its price target raised by analysts at JPMorgan Chase & Co. from $39.00 to $47.00. They now have an “overweight” rating on the stock.
• 10/7/2024 – Atmus Filtration Technologies had its price target raised by analysts at Wells Fargo & Company from $36.00 to $42.00. They now have an “overweight” rating on the stock.

Atmus Filtration Technologies Price Performance

Shares of ATMU stock opened at $39.87 on Friday. The company has a quick ratio of 1.30, a current ratio of 2.07 and a debt-to-equity ratio of 3.28. Atmus Filtration Technologies Inc. has a 12 month low of $18.21 and a 12 month high of $40.29. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 4.40 and a beta of 1.75. The stock has a 50-day moving average price of $36.39 and a 200 day moving average price of $32.34.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings results on Friday, August 2nd. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.13. Atmus Filtration Technologies had a net margin of 10.52% and a return on equity of 187.12%. The business had revenue of $432.60 million during the quarter, compared to the consensus estimate of $418.33 million. During the same period in the previous year, the firm posted $0.63 earnings per share. Atmus Filtration Technologies’s revenue for the quarter was up 4.6% compared to the same quarter last year. Research analysts expect that Atmus Filtration Technologies Inc. will post 2.33 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Thursday, October 31st will be given a $0.05 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.20 annualized dividend and a dividend yield of 0.50%. Atmus Filtration Technologies’s dividend payout ratio is currently 10.20%.

Insider Buying and Selling

In related news, Director Gretchen R. Haggerty purchased 5,849 shares of the stock in a transaction dated Friday, August 23rd. The stock was bought at an average cost of $34.20 per share, with a total value of $200,035.80. Following the purchase, the director now directly owns 19,882 shares in the company, valued at $679,964.40. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Gretchen R. Haggerty purchased 5,849 shares of Atmus Filtration Technologies stock in a transaction dated Friday, August 23rd. The shares were bought at an average cost of $34.20 per share, with a total value of $200,035.80. Following the completion of the transaction, the director now directly owns 19,882 shares in the company, valued at $679,964.40. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen E. Macadam purchased 8,250 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was purchased at an average cost of $31.56 per share, with a total value of $260,370.00. Following the acquisition, the director now directly owns 32,083 shares in the company, valued at $1,012,539.48. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.43% of the stock is owned by insiders.

Institutional Investors Weigh In On Atmus Filtration Technologies

A number of hedge funds have recently modified their holdings of ATMU. Vanguard Group Inc. increased its stake in Atmus Filtration Technologies by 366.5% during the 1st quarter. Vanguard Group Inc. now owns 8,080,641 shares of the company’s stock worth $260,601,000 after purchasing an additional 6,348,391 shares in the last quarter. Boston Partners bought a new stake in shares of Atmus Filtration Technologies during the first quarter worth $27,102,000. Bayberry Capital Partners LP acquired a new stake in shares of Atmus Filtration Technologies during the first quarter worth $25,800,000. Renaissance Technologies LLC bought a new stake in Atmus Filtration Technologies in the 2nd quarter valued at $17,743,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in Atmus Filtration Technologies by 38.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,088,496 shares of the company’s stock worth $67,355,000 after purchasing an additional 583,078 shares during the period. Institutional investors and hedge funds own 32.73% of the company’s stock.

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.