Atmus Filtration Technologies Inc. (NYSE:ATMU) Receives Average Recommendation of “Moderate Buy” from Brokerages

Atmus Filtration Technologies Inc. (NYSE:ATMU) has been given a consensus rating of “Moderate Buy” by the seven research firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $56.75.

ATMU has been the topic of several recent research reports. Citigroup reaffirmed an “outperform” rating on shares of Atmus Filtration Technologies in a report on Wednesday, February 18th. Zacks Research downgraded shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Robert W. Baird dropped 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 report on Monday, May 4th. Wells Fargo & Company dropped 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 report on Wednesday, April 1st. Finally, Wall Street Zen downgraded shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Sunday, May 10th.

Insider Buying and Selling at Atmus Filtration Technologies

In related news, Director Gretchen R. Haggerty purchased 1,973 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were purchased at an average cost of $55.74 per share, for a total transaction of $109,975.02. Following the completion of the transaction, the director directly owned 25,741 shares in the company, valued at approximately $1,434,803.34. This represents a 8.30% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.43% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Atmus Filtration Technologies

Several hedge funds and other institutional investors have recently modified their holdings of ATMU. Channing Capital Management LLC increased its position in shares of 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 valued at $77,330,000 after buying an additional 1,662,931 shares during the period. Boston Trust Walden Corp bought a new stake in shares of Atmus Filtration Technologies during the fourth quarter valued at about $44,304,000. Arrowstreet Capital Limited Partnership increased its position in shares of Atmus Filtration Technologies by 193.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 999,548 shares of the company’s stock valued at $56,744,000 after buying an additional 659,357 shares during the period. First Trust Advisors LP increased its position in shares of 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 valued at $110,668,000 after buying an additional 603,954 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in shares of 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 valued at $242,830,000 after buying an additional 596,553 shares during the period. 32.73% of the stock is currently owned by institutional investors.

Atmus Filtration Technologies Price Performance

NYSE ATMU opened at $51.59 on Monday. The company has a market cap of $4.21 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 2.21 and a beta of 1.47. Atmus Filtration Technologies has a 52 week low of $34.58 and a 52 week high of $66.50. The company has a quick ratio of 1.70, a current ratio of 2.53 and a debt-to-equity ratio of 2.47. The firm’s 50-day simple moving average is $58.80 and its two-hundred day simple moving average is $56.18.

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

Atmus Filtration Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 26th will be given a dividend of $0.055 per share. The ex-dividend date is Tuesday, May 26th. This represents a $0.22 annualized dividend and a dividend yield of 0.4%. Atmus Filtration Technologies’s dividend payout ratio is currently 8.63%.

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.