Zacks Research Upgrades Atmus Filtration Technologies (NYSE:ATMU) to Strong-Buy

Atmus Filtration Technologies (NYSE:ATMU) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other equities analysts have also weighed in on the company. Robert W. Baird boosted their target price on Atmus Filtration Technologies from $59.00 to $69.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. JPMorgan Chase & Co. lifted their price target on shares of Atmus Filtration Technologies from $60.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Wells Fargo & Company increased their price objective on shares of Atmus Filtration Technologies from $54.00 to $67.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 17th. Weiss Ratings restated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a report on Wednesday, January 21st. Finally, Citigroup reiterated an “outperform” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Atmus Filtration Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $59.75.

Atmus Filtration Technologies Stock Down 0.6%

NYSE:ATMU opened at $64.24 on Wednesday. The firm has a market cap of $5.24 billion, a P/E ratio of 25.70, a P/E/G ratio of 2.91 and a beta of 1.56. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.66 and a current ratio of 2.42. Atmus Filtration Technologies has a fifty-two week low of $30.94 and a fifty-two week high of $66.50. The firm has a 50-day simple moving average of $58.01 and a two-hundred day simple moving average of $50.60.

Atmus Filtration Technologies (NYSE:ATMU) last issued its earnings results on Friday, February 13th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.09. The firm had revenue of $446.60 million for the quarter, compared to the consensus estimate of $422.25 million. Atmus Filtration Technologies had a net margin of 11.76% and a return on equity of 69.78%. The business’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.58 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. Analysts predict that Atmus Filtration Technologies will post 2.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Atmus Filtration Technologies

Several institutional investors have recently bought and sold shares of ATMU. Ieq Capital LLC grew its position in shares of Atmus Filtration Technologies by 3.4% during the fourth quarter. Ieq Capital LLC now owns 5,530 shares of the company’s stock valued at $287,000 after purchasing an additional 182 shares in the last quarter. California State Teachers Retirement System increased its stake in Atmus Filtration Technologies by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 83,277 shares of the company’s stock worth $3,033,000 after acquiring an additional 236 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Atmus Filtration Technologies by 31.4% during 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 in the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of Atmus Filtration Technologies by 2.1% in 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. Finally, GAMMA Investing LLC increased its holdings in shares of Atmus Filtration Technologies by 14.7% in the 4th quarter. GAMMA Investing LLC now owns 2,223 shares of the company’s stock worth $115,000 after buying an additional 285 shares during the last quarter. 32.73% of the stock is owned by hedge funds and other 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.