Atmus Filtration Technologies Inc. (NYSE:ATMU) Stock Rated “Moderate Buy” by Sell-Side Analysts

Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) have been given an average recommendation of “Moderate Buy” by the six research firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $57.67.

Several brokerages have commented on ATMU. Weiss Ratings upgraded Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. JPMorgan Chase & Co. reduced their price objective on shares of Atmus Filtration Technologies from $67.00 to $54.00 and set an “overweight” rating for the company in a research note on Thursday, October 8th. Finally, Wells Fargo & Company began coverage on shares of Atmus Filtration Technologies in a research note on Monday, August 3rd. They issued an “equal weight” rating and a $56.00 price objective for the company.

Atmus Filtration Technologies Trading Down 1.6%

Atmus Filtration Technologies stock opened at $43.04 on Thursday. The stock has a market cap of $3.51 billion, a P/E ratio of 16.49, a P/E/G ratio of 1.84 and a beta of 1.20. Atmus Filtration Technologies has a 12 month low of $40.75 and a 12 month high of $66.50. The company has a quick ratio of 1.83, a current ratio of 2.65 and a debt-to-equity ratio of 2.18. The company’s fifty day simple moving average is $46.76 and its 200-day simple moving average is $51.25.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.78 by $0.04. The business had revenue of $527.90 million during the quarter, compared to analysts’ expectations of $507.02 million. Atmus Filtration Technologies had a return on equity of 59.85% and a net margin of 11.32%. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. As a group, sell-side analysts forecast that Atmus Filtration Technologies will post 2.97 EPS for the current fiscal year.

Atmus Filtration Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Thursday, August 27th were issued a $0.06 dividend. This is an increase from Atmus Filtration Technologies’s previous quarterly dividend of $0.0550. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $0.24 dividend on an annualized basis and a yield of 0.6%. Atmus Filtration Technologies’s payout ratio is 9.20%.

Insider Activity at Atmus Filtration Technologies

In other Atmus Filtration Technologies news, Director Stephen E. Macadam purchased 2,000 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were bought at an average cost of $49.78 per share, with a total value of $99,560.00. Following the transaction, the director directly owned 40,588 shares in the company, valued at approximately $2,020,470.64. This represents a 5.18% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Renee Swan sold 3,870 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $50.89, for a total value of $196,944.30. Following the transaction, the insider owned 46,875 shares of the company’s stock, valued at approximately $2,385,468.75. This trade represents a 7.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 0.43% of the company’s stock.

Institutional Trading of Atmus Filtration Technologies

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Atmus Filtration Technologies during the 2nd quarter worth about $631,617,000. First Trust Advisors LP grew its position in Atmus Filtration Technologies by 3.3% during the first quarter. First Trust Advisors LP now owns 2,202,816 shares of the company’s stock worth $125,054,000 after buying an additional 70,905 shares in the last quarter. Jupiter Topco LLC acquired a new stake in Atmus Filtration Technologies during the second quarter worth about $83,249,000. Janus Henderson Group PLC increased its stake in Atmus Filtration Technologies by 13.3% during the first quarter. Janus Henderson Group PLC now owns 1,551,117 shares of the company’s stock valued at $88,104,000 after acquiring an additional 181,792 shares during the period. Finally, Wellington Management Group LLP increased its stake in Atmus Filtration Technologies by 4.3% during the second quarter. Wellington Management Group LLP now owns 1,445,763 shares of the company’s stock valued at $73,719,000 after acquiring an additional 59,342 shares during the period. 32.73% of the stock is owned by institutional investors.

About Atmus Filtration Technologies

Atmus Filtration Technologies Inc (NYSE: ATMU) is a filtration solutions company that develops, manufactures and distributes products for commercial vehicles, off-highway equipment, power generation systems and industrial applications. The company serves original equipment manufacturers, distributors and customers in the aftermarket.

Its product portfolio includes air, fuel, lube, hydraulic and coolant filtration systems, as well as products designed to support emissions control and other engine and equipment performance needs.