Atmus Filtration Technologies (NYSE:ATMU) Given New $41.00 Price Target at JPMorgan Chase & Co.

Atmus Filtration Technologies (NYSE:ATMU) had its target price hoisted by JPMorgan Chase & Co. from $38.00 to $41.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other brokerages have also recently commented on ATMU. Robert W. Baird dropped their target price 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. Wells Fargo & Company increased their target price on Atmus Filtration Technologies from $35.00 to $37.00 and gave the company an “equal weight” rating in a research note on Monday.

Atmus Filtration Technologies Trading Down 0.1 %

ATMU stock opened at $35.60 on Monday. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. Atmus Filtration Technologies has a twelve month low of $27.62 and a twelve month high of $45.43. The company has a market cap of $2.94 billion, a P/E ratio of 16.11, a PEG ratio of 3.99 and a beta of 1.81. The business has a fifty day moving average of $35.62 and a 200-day moving average of $39.03.

Atmus Filtration Technologies (NYSE:ATMU) last released its earnings results on Friday, May 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. The company had revenue of $110.50 million for the quarter, compared to the consensus estimate of $424.03 million. During the same period in the prior year, the company posted $0.60 EPS. The company’s revenue was down 2.3% compared to the same quarter last year. As a group, equities research analysts expect that Atmus Filtration Technologies will post 2.52 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Tuesday, March 4th. Atmus Filtration Technologies’s payout ratio is presently 9.05%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ATMU. LPL Financial LLC raised its position in shares of Atmus Filtration Technologies by 3.3% during the fourth quarter. LPL Financial LLC now owns 10,102 shares of the company’s stock worth $396,000 after purchasing an additional 326 shares during the period. Summit Investment Advisors Inc. raised its holdings in Atmus Filtration Technologies by 3.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,766 shares of the company’s stock worth $343,000 after buying an additional 330 shares during the period. Xponance Inc. lifted its stake in Atmus Filtration Technologies by 5.6% in the first quarter. Xponance Inc. now owns 6,792 shares of the company’s stock valued at $249,000 after buying an additional 358 shares in the last quarter. Hohimer Wealth Management LLC boosted its holdings in shares of Atmus Filtration Technologies by 4.5% in the first quarter. Hohimer Wealth Management LLC now owns 9,053 shares of the company’s stock valued at $333,000 after buying an additional 386 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of Atmus Filtration Technologies by 1.7% in the fourth quarter. Franklin Resources Inc. now owns 28,712 shares of the company’s stock valued at $1,125,000 after buying an additional 476 shares during the period. 32.73% of the stock is currently owned by institutional investors.

About Atmus Filtration Technologies

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.