Atmus Filtration Technologies Inc. (NYSE:ATMU) Receives $59.75 Average Price Target from Analysts

Atmus Filtration Technologies Inc. (NYSE:ATMU) has been given a consensus rating of “Moderate Buy” by the seven research firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $59.75.

Several research firms have commented on ATMU. Wall Street Zen raised shares of Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, January 21st. Citigroup reiterated an “outperform” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, February 18th. Wells Fargo & Company increased their target price 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. Finally, JPMorgan Chase & Co. raised their target price on shares of Atmus Filtration Technologies from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th.

Atmus Filtration Technologies Trading Down 5.2%

Shares of NYSE:ATMU opened at $58.60 on Wednesday. The company has a market capitalization of $4.78 billion, a PE ratio of 23.44, a P/E/G ratio of 2.64 and a beta of 1.48. The company has a current ratio of 2.42, a quick ratio of 1.66 and a debt-to-equity ratio of 1.43. Atmus Filtration Technologies has a 12-month low of $30.94 and a 12-month high of $66.50. The business’s fifty day simple moving average is $59.12 and its 200-day simple moving average is $51.50.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings data on Friday, February 13th. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.09. Atmus Filtration Technologies had a return on equity of 69.78% and a net margin of 11.76%.The firm had revenue of $446.60 million during the quarter, compared to analysts’ expectations of $422.25 million. During the same period in the prior year, the business posted $0.58 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. As a group, 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 disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Friday, February 20th were issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, February 20th. Atmus Filtration Technologies’s dividend payout ratio is currently 8.80%.

Institutional Trading of Atmus Filtration Technologies

A number of institutional investors have recently made changes to their positions in ATMU. Ieq Capital LLC increased its position in Atmus Filtration Technologies by 3.4% during the 4th quarter. Ieq Capital LLC now owns 5,530 shares of the company’s stock valued at $287,000 after buying an additional 182 shares in the last quarter. California State Teachers Retirement System boosted its holdings in Atmus Filtration Technologies by 0.3% in the second 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 in the last quarter. Bessemer Group Inc. boosted its holdings in Atmus Filtration Technologies by 31.4% in the second 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 stake in shares of Atmus Filtration Technologies by 2.1% during the third quarter. Verdence Capital Advisors LLC now owns 13,678 shares of the company’s stock worth $626,000 after acquiring an additional 285 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Atmus Filtration Technologies by 14.7% during the fourth quarter. GAMMA Investing LLC now owns 2,223 shares of the company’s stock worth $115,000 after acquiring an additional 285 shares during the last quarter. Institutional investors and hedge funds own 32.73% of the company’s stock.

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.