Atmus Filtration Technologies (NYSE:ATMU) Lowered to “Buy” Rating by Wall Street Zen

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

ATMU has been the topic of several other research reports. Robert W. Baird boosted their target price on shares of Atmus Filtration Technologies from $41.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, August 11th. Wells Fargo & Company boosted their target price on shares of Atmus Filtration Technologies from $42.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, September 18th. Weiss Ratings reissued a “buy (b-)” rating on shares of Atmus Filtration Technologies in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Atmus Filtration Technologies from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Atmus Filtration Technologies has a consensus rating of “Moderate Buy” and an average target price of $45.60.

Atmus Filtration Technologies Stock Performance

ATMU opened at $45.55 on Friday. The firm has a market cap of $3.74 billion, a P/E ratio of 20.15, a PEG ratio of 5.47 and a beta of 1.63. Atmus Filtration Technologies has a 1-year low of $30.94 and a 1-year high of $47.87. The company has a 50 day simple moving average of $45.09 and a two-hundred day simple moving average of $40.12. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.43.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings results on Friday, August 8th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The business had revenue of $453.50 million during the quarter, compared to analyst estimates of $433.51 million. Atmus Filtration Technologies had a net margin of 11.22% and a return on equity of 83.23%. The company’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 earnings per share. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. Equities analysts forecast that Atmus Filtration Technologies will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th were paid a dividend of $0.055 per share. The ex-dividend date of this dividend was Tuesday, August 26th. This is a positive change from Atmus Filtration Technologies’s previous quarterly dividend of $0.05. This represents a $0.22 dividend on an annualized basis and a yield of 0.5%. Atmus Filtration Technologies’s payout ratio is currently 9.73%.

Institutional Investors Weigh In On Atmus Filtration Technologies

A number of hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System raised its stake in Atmus Filtration Technologies by 0.3% during the second quarter. California State Teachers Retirement System now owns 83,277 shares of the company’s stock valued at $3,033,000 after purchasing an additional 236 shares in the last quarter. Bessemer Group Inc. raised its stake in Atmus Filtration Technologies by 31.4% during the second quarter. Bessemer Group Inc. now owns 1,138 shares of the company’s stock valued at $42,000 after purchasing an additional 272 shares in the last quarter. Verdence Capital Advisors LLC raised its stake in Atmus Filtration Technologies by 2.1% during the third quarter. Verdence Capital Advisors LLC now owns 13,678 shares of the company’s stock valued at $626,000 after purchasing an additional 285 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Atmus Filtration Technologies by 5.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,021 shares of the company’s stock valued at $266,000 after purchasing an additional 301 shares in the last quarter. Finally, Creative Planning raised its stake in Atmus Filtration Technologies by 4.9% during the second quarter. Creative Planning now owns 6,688 shares of the company’s stock valued at $244,000 after purchasing an additional 312 shares in the last quarter. Hedge funds and other 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.