Atmus Filtration Technologies (NYSE:ATMU) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Atmus Filtration Technologies (NYSE:ATMU) from a hold rating to a strong-buy rating in a report issued on Wednesday,Zacks.com reports.

Several other research firms have also weighed in on ATMU. Citigroup restated an “outperform” rating on shares of Atmus Filtration Technologies in a report on Wednesday, February 18th. Wells Fargo & Company raised their price objective on Atmus Filtration Technologies from $54.00 to $67.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 17th. JPMorgan Chase & Co. upped their target price on Atmus Filtration Technologies from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a report on Wednesday, January 21st. Finally, Robert W. Baird lifted their price target on shares of Atmus Filtration Technologies from $59.00 to $69.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $59.75.

Atmus Filtration Technologies Price Performance

NYSE ATMU opened at $64.24 on Wednesday. The company has a quick ratio of 1.66, a current ratio of 2.42 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $5.24 billion, a PE ratio of 25.70, a price-to-earnings-growth ratio of 2.91 and a beta of 1.56. The company has a 50 day moving average price of $58.01 and a two-hundred day moving average price of $50.60. Atmus Filtration Technologies has a 12-month low of $30.94 and a 12-month high of $66.50.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings results on Friday, February 13th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.57 by $0.09. The company had revenue of $446.60 million for the quarter, compared to analyst estimates of $422.25 million. Atmus Filtration Technologies had a net margin of 11.76% and a return on equity of 69.78%. Atmus Filtration Technologies’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.58 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. As a group, equities analysts predict that Atmus Filtration Technologies will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Friday, February 20th will be given a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, February 20th. Atmus Filtration Technologies’s payout ratio is currently 8.80%.

Institutional Investors Weigh In On Atmus Filtration Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Eminence Capital LP raised its stake in Atmus Filtration Technologies by 1.1% during the 3rd quarter. Eminence Capital LP now owns 6,522,404 shares of the company’s stock valued at $294,095,000 after purchasing an additional 73,411 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Atmus Filtration Technologies by 14.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,677,884 shares of the company’s stock worth $242,830,000 after purchasing an additional 596,553 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Atmus Filtration Technologies by 5.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,200,311 shares of the company’s stock worth $166,128,000 after purchasing an additional 163,659 shares during the period. Invesco Ltd. raised its position in shares of Atmus Filtration Technologies by 22.7% during the fourth quarter. Invesco Ltd. now owns 2,728,470 shares of the company’s stock valued at $141,635,000 after buying an additional 504,647 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Atmus Filtration Technologies by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 2,428,684 shares of the company’s stock valued at $126,088,000 after buying an additional 54,376 shares during the period. Institutional investors and hedge funds own 32.73% of the company’s stock.

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.