Atmus Filtration Technologies Inc. (NYSE:ATMU) Receives $56.75 Average Target Price from Brokerages

Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) have been given an average rating of “Moderate Buy” by the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $56.75.

A number of research firms have issued reports on ATMU. Citigroup reiterated an “outperform” rating on shares of Atmus Filtration Technologies in a report on Wednesday, February 18th. Wells Fargo & Company decreased their price objective on Atmus Filtration Technologies from $67.00 to $58.00 and set an “equal weight” rating for the company in a report on Wednesday, April 1st. Zacks Research cut Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Wall Street Zen cut Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a research note on Sunday, May 10th. Finally, Weiss Ratings cut Atmus Filtration Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 7th.

Atmus Filtration Technologies Price Performance

Shares of Atmus Filtration Technologies stock opened at $48.88 on Monday. The company has a quick ratio of 1.70, a current ratio of 2.53 and a debt-to-equity ratio of 2.47. The company has a market cap of $3.99 billion, a PE ratio of 19.17, a P/E/G ratio of 2.09 and a beta of 1.47. The business has a 50 day moving average of $57.81 and a 200 day moving average of $56.27. Atmus Filtration Technologies has a 52 week low of $34.58 and a 52 week high of $66.50.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Friday, May 1st. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. The company had revenue of $477.50 million during the quarter, compared to the consensus estimate of $474.41 million. Atmus Filtration Technologies had a return on equity of 64.29% and a net margin of 11.56%.The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. As a group, equities research analysts forecast that Atmus Filtration Technologies will post 2.95 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 26th will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, May 26th. Atmus Filtration Technologies’s dividend payout ratio is currently 8.63%.

Insider Activity at Atmus Filtration Technologies

In related news, Director Gretchen R. Haggerty bought 1,973 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were purchased at an average cost of $55.74 per share, with a total value of $109,975.02. Following the completion of the purchase, the director owned 25,741 shares in the company, valued at approximately $1,434,803.34. The trade was a 8.30% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Atmus Filtration Technologies

A number of institutional investors have recently modified their holdings of ATMU. Jones Financial Companies Lllp boosted its position 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. Essex Investment Management Co. LLC purchased a new stake in shares of Atmus Filtration Technologies during the fourth quarter valued at $37,000. GHP Investment Advisors Inc. purchased a new position in Atmus Filtration Technologies in the first quarter worth about $44,000. PNC Financial Services Group Inc. boosted its position in Atmus Filtration Technologies by 87.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 849 shares of the company’s stock worth $44,000 after purchasing an additional 397 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in Atmus Filtration Technologies by 93.6% in the second quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock worth $49,000 after purchasing an additional 644 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.