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 released on Saturday morning.

A number of other equities analysts have also commented on ATMU. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atmus Filtration Technologies in a report on Wednesday, October 8th. Wells Fargo & Company raised their target price on Atmus Filtration Technologies from $52.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 7th. JPMorgan Chase & Co. lifted their target price on Atmus Filtration Technologies from $60.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Zacks Research raised shares of Atmus Filtration Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $50.50.

Atmus Filtration Technologies Price Performance

ATMU opened at $56.82 on Friday. The firm has a 50-day moving average price of $51.88 and a 200-day moving average price of $46.05. Atmus Filtration Technologies has a twelve month low of $30.94 and a twelve month high of $57.85. The company has a quick ratio of 1.41, a current ratio of 2.14 and a debt-to-equity ratio of 1.63. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 3.50 and a beta of 1.57.

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

Atmus Filtration Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th were paid a $0.055 dividend. 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 dividend payout ratio (DPR) is currently 9.17%.

Hedge Funds Weigh In On Atmus Filtration Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Atmus Filtration Technologies by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,874 shares of the company’s stock valued at $1,832,000 after buying an additional 2,176 shares in the last quarter. Millennium Management LLC increased its stake in Atmus Filtration Technologies by 17.5% in the first quarter. Millennium Management LLC now owns 219,639 shares of the company’s stock valued at $8,067,000 after acquiring an additional 32,727 shares during the last quarter. Jones Financial Companies Lllp raised its position in Atmus Filtration Technologies by 143.1% during the first quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after purchasing an additional 412 shares in the last quarter. Caxton Associates LLP bought a new stake in Atmus Filtration Technologies during the first quarter worth about $283,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Atmus Filtration Technologies by 2.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 159,638 shares of the company’s stock worth $5,864,000 after purchasing an additional 3,419 shares in the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

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.