Atmus Filtration Technologies (NYSE:ATMU) Given New $38.00 Price Target at JPMorgan Chase & Co.

Atmus Filtration Technologies (NYSE:ATMU) had its target price lowered by JPMorgan Chase & Co. from $46.00 to $38.00 in a report issued on Friday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

ATMU has been the subject of a number of other reports. Wells Fargo & Company lowered their price objective on shares of Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating for the company in a research note on Monday, February 24th. Robert W. Baird lowered their price target on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Atmus Filtration Technologies has a consensus rating of “Moderate Buy” and an average price target of $41.20.

Atmus Filtration Technologies Stock Down 1.5 %

Shares of ATMU opened at $33.10 on Friday. Atmus Filtration Technologies has a 12-month low of $27.62 and a 12-month high of $45.43. The firm has a fifty day moving average price of $37.59 and a 200-day moving average price of $39.56. The firm has a market capitalization of $2.74 billion, a P/E ratio of 14.98, a P/E/G ratio of 3.99 and a beta of 1.78. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61.

Atmus Filtration Technologies (NYSE:ATMU) last issued its earnings results on Friday, February 21st. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. The business had revenue of $406.70 million for the quarter, compared to analyst estimates of $399.24 million. Equities research analysts expect that Atmus Filtration Technologies will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend was Tuesday, March 4th. Atmus Filtration Technologies’s payout ratio is currently 9.05%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Eminence Capital LP grew its stake in shares of Atmus Filtration Technologies by 79.0% during the fourth quarter. Eminence Capital LP now owns 4,592,614 shares of the company’s stock worth $179,939,000 after acquiring an additional 2,027,617 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Atmus Filtration Technologies by 5.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,262,408 shares of the company’s stock worth $167,003,000 after purchasing an additional 223,712 shares during the last quarter. D. E. Shaw & Co. Inc. increased its stake in Atmus Filtration Technologies by 44.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,911,153 shares of the company’s stock valued at $74,879,000 after purchasing an additional 584,270 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Atmus Filtration Technologies by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,894,740 shares of the company’s stock valued at $71,123,000 after acquiring an additional 39,710 shares during the period. Finally, T. Rowe Price Investment Management Inc. acquired a new position in shares of Atmus Filtration Technologies in the fourth quarter valued at about $63,949,000. Institutional investors 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.