Brokerages Set Atmus Filtration Technologies Inc. (NYSE:ATMU) Price Target at $62.67

Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $62.6667.

Several brokerages recently commented on ATMU. Wall Street Zen cut shares of Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, June 14th. JPMorgan Chase & Co. lowered their target price on shares of Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating on the stock in a research report on Monday, May 4th. Zacks Research cut shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Wells Fargo & Company reduced their price target on shares of Atmus Filtration Technologies from $67.00 to $58.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 1st. Finally, Weiss Ratings lowered Atmus Filtration Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th.

Insiders Place Their Bets

In other news, Director Gretchen R. Haggerty purchased 1,973 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was acquired at an average price of $55.74 per share, for a total transaction of $109,975.02. Following the completion of the transaction, the director directly owned 25,741 shares in the company, valued at $1,434,803.34. This represents a 8.30% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, insider Renee Swan sold 2,566 shares of Atmus Filtration Technologies stock in a transaction on Monday, June 1st. The stock was sold at an average price of $45.25, for a total value of $116,111.50. Following the transaction, the insider directly owned 50,745 shares of the company’s stock, valued at $2,296,211.25. This trade represents a 4.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 36,240 shares of company stock valued at $1,639,860. Company insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On Atmus Filtration Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Boston Trust Walden Corp acquired a new stake in shares of Atmus Filtration Technologies in the fourth quarter valued at approximately $44,304,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Atmus Filtration Technologies by 193.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 999,548 shares of the company’s stock worth $56,744,000 after purchasing an additional 659,357 shares in the last quarter. First Trust Advisors LP lifted its stake in Atmus Filtration Technologies by 39.5% in the 4th quarter. First Trust Advisors LP now owns 2,131,911 shares of the company’s stock valued at $110,668,000 after buying an additional 603,954 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Atmus Filtration Technologies by 14.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,677,884 shares of the company’s stock valued at $242,830,000 after buying an additional 596,553 shares during the last quarter. Finally, Invesco Ltd. increased its position in Atmus Filtration Technologies by 22.7% during the fourth quarter. Invesco Ltd. now owns 2,728,470 shares of the company’s stock worth $141,635,000 after buying an additional 504,647 shares in the last quarter. Institutional investors and hedge funds own 32.73% of the company’s stock.

Atmus Filtration Technologies Trading Up 1.3%

Shares of ATMU stock opened at $51.30 on Tuesday. The business’s fifty day moving average price is $50.47 and its 200 day moving average price is $56.13. The firm has a market capitalization of $4.19 billion, a PE ratio of 20.12, a P/E/G ratio of 2.17 and a beta of 1.19. The company has a debt-to-equity ratio of 2.47, a current ratio of 2.53 and a quick ratio of 1.70. Atmus Filtration Technologies has a 1-year low of $36.74 and a 1-year high of $66.50.

Atmus Filtration Technologies (NYSE:ATMU) last released 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%.Atmus Filtration Technologies’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter last 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, sell-side analysts forecast that Atmus Filtration Technologies will post 2.95 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 26th were issued a $0.055 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $0.22 annualized dividend and a yield of 0.4%. Atmus Filtration Technologies’s dividend payout ratio is 8.63%.

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.