Atmus Filtration Technologies Inc. (ATMU) – What Are Researchers Thinking About This Stock?

Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) have earned an average rating of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $57.67.

Several research analysts have recently issued reports on ATMU shares. JPMorgan Chase & Co. lowered their price objective on Atmus Filtration Technologies from $67.00 to $54.00 and set an “overweight” rating for the company in a research report on Thursday, October 8th. Weiss Ratings raised shares of Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Finally, Wells Fargo & Company began coverage on shares of Atmus Filtration Technologies in a research report on Monday, August 3rd. They issued an “equal weight” rating and a $56.00 price target for the company.

Atmus Filtration Technologies Stock Performance

NYSE ATMU opened at $45.04 on Thursday. Atmus Filtration Technologies has a 1-year low of $40.75 and a 1-year high of $66.50. The company has a market cap of $3.68 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 1.88 and a beta of 1.20. The stock’s 50 day simple moving average is $46.11 and its 200-day simple moving average is $50.81. The company has a debt-to-equity ratio of 2.18, a current ratio of 2.65 and a quick ratio of 1.83.

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

Atmus Filtration Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Thursday, August 27th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.5%. This is a positive change from Atmus Filtration Technologies’s previous quarterly dividend of $0.0550. The ex-dividend date was Thursday, August 27th. Atmus Filtration Technologies’s payout ratio is currently 9.20%.

Insider Buying and Selling at Atmus Filtration Technologies

In other Atmus Filtration Technologies news, 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 in the company, valued at approximately $2,385,468.75. This represents a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Stephen E. Macadam purchased 2,000 shares of the stock in a transaction dated Wednesday, August 12th. The shares were bought at an average cost of $49.78 per share, for a total transaction of $99,560.00. Following the completion of the purchase, the director owned 40,588 shares in the company, valued at approximately $2,020,470.64. This trade represents a 5.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On Atmus Filtration Technologies

Several hedge funds have recently bought and sold shares of ATMU. BlackRock Inc. purchased a new stake in shares of Atmus Filtration Technologies in the second quarter valued at $631,617,000. Jupiter Topco LLC purchased a new stake in Atmus Filtration Technologies in the 2nd quarter valued at about $83,249,000. Port Capital LLC purchased a new stake in Atmus Filtration Technologies in the second quarter valued at approximately $52,739,000. The Manufacturers Life Insurance Company acquired a new position in Atmus Filtration Technologies during the second quarter worth approximately $39,152,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Atmus Filtration Technologies by 193.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 999,548 shares of the company’s stock valued at $56,744,000 after purchasing an additional 659,357 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 Inc (NYSE: ATMU) is a filtration products and solutions company serving the commercial vehicle, industrial, agriculture, construction, mining and power-generation markets. The company develops and manufactures filtration technologies designed to protect engines, equipment and other critical systems while supporting performance and maintenance requirements.

Atmus’s product portfolio includes air, fuel, lube and hydraulic filtration products, as well as solutions for emissions control, crankcase ventilation and coolant management.