Analysts Set Atmus Filtration Technologies Inc. (NYSE:ATMU) PT at $49.50

Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) have received a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $50.50.

Several equities analysts have weighed in on ATMU shares. JPMorgan Chase & Co. raised their price objective on Atmus Filtration Technologies from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday. Zacks Research raised shares of Atmus Filtration Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 29th. Wall Street Zen raised shares of Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 28th. Wells Fargo & Company increased their price objective on shares of Atmus Filtration Technologies from $52.00 to $54.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 7th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, October 8th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp raised its holdings in shares of Atmus Filtration Technologies by 143.1% in the 1st 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. raised its stake in shares of Atmus Filtration Technologies by 31.4% in the second quarter. Bessemer Group Inc. now owns 1,138 shares of the company’s stock valued at $42,000 after buying an additional 272 shares during the period. Geneos Wealth Management Inc. raised 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 valued at $49,000 after buying an additional 644 shares during the period. Osaic Holdings Inc. lifted its position in shares of 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 buying an additional 875 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Atmus Filtration Technologies by 14.7% during the 4th quarter. GAMMA Investing LLC now owns 2,223 shares of the company’s stock worth $115,000 after acquiring an additional 285 shares during the period. 32.73% of the stock is owned by institutional investors.

Atmus Filtration Technologies Stock Up 2.8%

Atmus Filtration Technologies stock opened at $57.17 on Tuesday. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 3.44 and a beta of 1.57. Atmus Filtration Technologies has a 52-week low of $30.94 and a 52-week high of $57.23. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.41 and a current ratio of 2.14. The firm has a 50 day moving average price of $51.70 and a two-hundred day moving average price of $45.85.

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

Atmus Filtration Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th were issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Tuesday, November 25th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 9.17%.

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.