Atmus Filtration Technologies (NYSE:ATMU) Given New $54.00 Price Target at JPMorgan Chase & Co.

Atmus Filtration Technologies (NYSE:ATMU) had its target price dropped by equities research analysts at JPMorgan Chase & Co. from $67.00 to $54.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 26.69% from the stock’s previous close.

A number of other equities research analysts have also issued reports on ATMU. Wall Street Zen lowered shares of Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a report on Sunday, June 14th. Wells Fargo & Company began coverage on Atmus Filtration Technologies in a report on Monday, August 3rd. They set an “equal weight” rating and a $56.00 price target on the stock. Finally, Weiss Ratings lowered Atmus Filtration Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Atmus Filtration Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $57.67.

Atmus Filtration Technologies Trading Down 3.4%

Shares of NYSE ATMU traded down $1.50 during midday trading on Thursday, reaching $42.62. The company had a trading volume of 1,082,121 shares, compared to its average volume of 916,043. The stock has a market cap of $3.48 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20. Atmus Filtration Technologies has a one year low of $40.75 and a one year high of $66.50. The firm’s fifty day moving average price is $47.78 and its 200-day moving average price is $51.80. The company has a quick ratio of 1.83, a current ratio of 2.65 and a debt-to-equity ratio of 2.18.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.04. Atmus Filtration Technologies had a return on equity of 59.85% and a net margin of 11.32%.The firm had revenue of $527.90 million during the quarter, compared to the consensus estimate of $507.02 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. The business’s revenue was up 16.5% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. On average, equities research analysts anticipate that Atmus Filtration Technologies will post 2.97 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Stephen E. Macadam bought 2,000 shares of the stock in a transaction dated Wednesday, August 12th. The stock was bought at an average price of $49.78 per share, for a total transaction of $99,560.00. Following the purchase, the director directly owned 40,588 shares in the company, valued at $2,020,470.64. This trade represents a 5.18% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Renee Swan sold 3,870 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $50.89, for a total value of $196,944.30. Following the completion of the transaction, the insider owned 46,875 shares of the company’s stock, valued at approximately $2,385,468.75. This trade represents a 7.63% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Atmus Filtration Technologies

Several hedge funds have recently bought and sold shares of ATMU. Tidal Investments LLC grew its stake in shares of Atmus Filtration Technologies by 2.6% in the 2nd quarter. Tidal Investments LLC now owns 123,691 shares of the company’s stock worth $6,307,000 after buying an additional 3,119 shares during the last quarter. Nykredit A S purchased a new position in Atmus Filtration Technologies during the second quarter valued at $73,000. Parkside Financial Bank & Trust raised its stake in Atmus Filtration Technologies by 252.2% during the second quarter. Parkside Financial Bank & Trust now owns 1,409 shares of the company’s stock valued at $72,000 after buying an additional 1,009 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Atmus Filtration Technologies in the second quarter worth $275,000. Finally, Susquehanna Fundamental Investments LLC boosted its holdings in Atmus Filtration Technologies by 839.6% in the second quarter. Susquehanna Fundamental Investments LLC now owns 85,218 shares of the company’s stock worth $4,345,000 after acquiring an additional 76,148 shares in the last quarter. Institutional investors own 32.73% of the company’s stock.

About Atmus Filtration Technologies

Atmus Filtration Technologies Inc (NYSE: ATMU) is a filtration solutions company that develops, manufactures and distributes products for commercial vehicles, off-highway equipment, power generation systems and industrial applications. The company serves original equipment manufacturers, distributors and customers in the aftermarket.

Its product portfolio includes air, fuel, lube, hydraulic and coolant filtration systems, as well as products designed to support emissions control and other engine and equipment performance needs.