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

Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) have received a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $49.00.

A number of brokerages have recently commented on ATMU. Weiss Ratings reiterated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, October 8th. Wells Fargo & Company upped their target price on Atmus Filtration Technologies from $47.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday, November 10th. JPMorgan Chase & Co. upgraded Atmus Filtration Technologies from a “neutral” rating to an “overweight” rating and increased their target price for the company from $53.00 to $60.00 in a research report on Wednesday, November 26th. Finally, Wall Street Zen cut Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday.

Hedge Funds Weigh In On Atmus Filtration Technologies

Hedge funds have recently modified their holdings of the business. Eminence Capital LP grew its stake in shares of Atmus Filtration Technologies by 1.1% in the third quarter. Eminence Capital LP now owns 6,522,404 shares of the company’s stock worth $294,095,000 after purchasing an additional 73,411 shares during the last quarter. Wellington Management Group LLP raised its position in Atmus Filtration Technologies by 24.5% during the 1st quarter. Wellington Management Group LLP now owns 2,425,657 shares of the company’s stock worth $89,094,000 after purchasing an additional 478,018 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Atmus Filtration Technologies by 20.8% during the 2nd quarter. Geode Capital Management LLC now owns 2,365,362 shares of the company’s stock worth $86,154,000 after buying an additional 407,484 shares during the period. Invesco Ltd. grew its position in shares of Atmus Filtration Technologies by 1.6% in the 3rd quarter. Invesco Ltd. now owns 2,223,823 shares of the company’s stock valued at $100,272,000 after buying an additional 34,146 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Atmus Filtration Technologies by 0.7% in the second quarter. State Street Corp now owns 1,953,607 shares of the company’s stock valued at $71,150,000 after buying an additional 14,269 shares during the period. Institutional investors and hedge funds own 32.73% of the company’s stock.

Atmus Filtration Technologies Trading Down 0.4%

ATMU opened at $53.71 on Friday. The company has a market cap of $4.38 billion, a P/E ratio of 22.38, a PEG ratio of 3.53 and a beta of 1.58. The company has a current ratio of 2.14, a quick ratio of 1.41 and a debt-to-equity ratio of 1.63. The company’s 50 day moving average is $48.89 and its 200-day moving average is $43.85. Atmus Filtration Technologies has a 1-year low of $30.94 and a 1-year high of $54.84.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings data on Friday, November 7th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.08. Atmus Filtration Technologies had a net margin of 11.57% and a return on equity of 76.84%. The business had revenue of $447.70 million during the quarter, compared to analysts’ expectations of $415.02 million. During the same period in the prior year, the company earned $0.61 EPS. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. Equities research analysts predict that Atmus Filtration Technologies will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th were issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Tuesday, November 25th. Atmus Filtration Technologies’s payout ratio is presently 9.17%.

About Atmus Filtration Technologies

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.