Atmus Filtration Technologies (NYSE:ATMU) Stock Rating Upgraded by Zacks Research

Atmus Filtration Technologies (NYSE:ATMU) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

A number of other research analysts have also weighed in on ATMU. Wall Street Zen upgraded Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a report on Sunday. Weiss Ratings reissued a “buy (b-)” rating on shares of Atmus Filtration Technologies in a report on Wednesday, October 8th. Wells Fargo & Company lifted their target price on shares of Atmus Filtration Technologies from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday, November 10th. Finally, JPMorgan Chase & Co. upgraded Atmus Filtration Technologies from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $53.00 to $60.00 in a research note on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Atmus Filtration Technologies presently has an average rating of “Moderate Buy” and an average price target of $49.00.

Atmus Filtration Technologies Price Performance

Shares of NYSE:ATMU opened at $52.33 on Monday. Atmus Filtration Technologies has a twelve month low of $30.94 and a twelve month high of $54.84. The stock’s 50 day moving average is $49.76 and its 200-day moving average is $44.44. The company has a quick ratio of 1.41, a current ratio of 2.14 and a debt-to-equity ratio of 1.63. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 3.44 and a beta of 1.57.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings results on Friday, November 7th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.08. Atmus Filtration Technologies had a net margin of 11.57% and a return on equity of 76.84%. The business had revenue of $447.70 million during the quarter, compared to the consensus estimate of $415.02 million. During the same quarter last year, the firm posted $0.61 EPS. Atmus Filtration Technologies’s revenue was up 10.9% compared to the same quarter last year. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. Sell-side analysts forecast that Atmus Filtration Technologies will post 2.52 EPS for the current fiscal year.

Institutional Trading of Atmus Filtration Technologies

Institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp boosted its holdings 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 worth $26,000 after purchasing an additional 412 shares during the period. Bessemer Group Inc. boosted its position in shares of Atmus Filtration Technologies by 31.4% in the 2nd quarter. Bessemer Group Inc. now owns 1,138 shares of the company’s stock worth $42,000 after purchasing an additional 272 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of 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 acquiring an additional 644 shares during the last quarter. Osaic Holdings Inc. grew its position in Atmus Filtration Technologies by 54.8% during the 2nd quarter. Osaic Holdings Inc. now owns 2,471 shares of the company’s stock valued at $90,000 after purchasing an additional 875 shares during the last quarter. Finally, Strs Ohio purchased a new stake in shares of Atmus Filtration Technologies during the first quarter valued at approximately $121,000. Hedge funds and other institutional investors own 32.73% of the company’s stock.

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.