Atmus Filtration Technologies (NYSE:ATMU) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Atmus Filtration Technologies (NYSE:ATMU) from a buy rating to a strong-buy rating in a research report released on Sunday.

Other equities research analysts also recently issued reports about the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upgraded shares of Atmus Filtration Technologies from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $53.00 to $60.00 in a research report on Wednesday, November 26th. Finally, Wells Fargo & Company upped their target price on shares of Atmus Filtration Technologies from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.00.

Atmus Filtration Technologies Trading Down 0.6%

Atmus Filtration Technologies stock opened at $52.33 on Friday. The stock has a market cap of $4.27 billion, a P/E ratio of 21.80, a PEG ratio of 3.44 and a beta of 1.57. Atmus Filtration Technologies has a fifty-two week low of $30.94 and a fifty-two week high of $54.84. The firm’s fifty day moving average price is $49.76 and its 200-day moving average price is $44.44. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.41 and a current ratio of 2.14.

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

Atmus Filtration Technologies Announces Dividend

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

Institutional Investors Weigh In On Atmus Filtration Technologies

Several hedge funds have recently made changes to their positions in ATMU. Jones Financial Companies Lllp grew its holdings in shares of 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 buying an additional 412 shares during the last quarter. Bessemer Group Inc. raised its holdings in Atmus Filtration Technologies by 31.4% in the 2nd quarter. Bessemer Group Inc. now owns 1,138 shares of the company’s stock worth $42,000 after acquiring an additional 272 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Atmus Filtration Technologies by 93.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock valued at $49,000 after acquiring an additional 644 shares in the last quarter. Osaic Holdings Inc. lifted its position in Atmus Filtration Technologies by 54.8% in the 2nd quarter. Osaic Holdings Inc. now owns 2,471 shares of the company’s stock valued at $90,000 after acquiring an additional 875 shares in the last quarter. Finally, Strs Ohio purchased a new stake in Atmus Filtration Technologies during the 1st quarter valued at $121,000. 32.73% of the stock is currently owned by institutional investors.

Atmus Filtration Technologies Company Profile

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.