Atmus Filtration Technologies (NYSE:ATMU) Price Target Lowered to $58.00 at Wells Fargo & Company

Atmus Filtration Technologies (NYSE:ATMU) had its price objective dropped by Wells Fargo & Company from $67.00 to $58.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target points to a potential downside of 0.37% from the company’s current price.

ATMU has been the subject of a number of other reports. JPMorgan Chase & Co. increased their price objective on shares of Atmus Filtration Technologies from $60.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Citigroup restated an “outperform” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, February 18th. Wall Street Zen raised shares of Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a report on Wednesday, January 21st. Finally, Zacks Research upgraded shares of Atmus Filtration Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $56.75.

Atmus Filtration Technologies Price Performance

NYSE:ATMU traded up $1.44 on Wednesday, reaching $58.21. 151,668 shares of the company’s stock traded hands, compared to its average volume of 766,359. The stock has a 50-day simple moving average of $60.20 and a 200-day simple moving average of $53.00. Atmus Filtration Technologies has a 12 month low of $30.94 and a 12 month high of $66.50. The firm has a market cap of $4.75 billion, a PE ratio of 23.28, a P/E/G ratio of 2.47 and a beta of 1.48. The company has a quick ratio of 1.66, a current ratio of 2.42 and a debt-to-equity ratio of 1.43.

Atmus Filtration Technologies (NYSE:ATMU) last released 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. The firm had revenue of $446.60 million during the quarter, compared to analyst estimates of $422.25 million. Atmus Filtration Technologies had a return on equity of 69.78% and a net margin of 11.76%.The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.58 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. Equities research analysts forecast that Atmus Filtration Technologies will post 2.52 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ATMU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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 acquiring an additional 2,176 shares during the period. Millennium Management LLC raised its position in Atmus Filtration Technologies by 17.5% in the 1st quarter. Millennium Management LLC now owns 219,639 shares of the company’s stock valued at $8,067,000 after purchasing an additional 32,727 shares during the last quarter. Jones Financial Companies Lllp lifted its position in Atmus Filtration Technologies by 143.1% during the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock worth $26,000 after acquiring an additional 412 shares during the period. Caxton Associates LLP purchased a new position in Atmus Filtration Technologies in the first quarter worth $283,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Atmus Filtration Technologies by 2.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 159,638 shares of the company’s stock valued at $5,864,000 after purchasing an additional 3,419 shares during the period. 32.73% of the stock is currently owned by institutional investors and hedge funds.

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.