Atmus Filtration Technologies (NYSE:ATMU) Lowered to “Hold” Rating by Zacks Research

Zacks Research downgraded shares of Atmus Filtration Technologies (NYSE:ATMU) from a strong-buy rating to a hold rating in a research note released on Monday,Zacks.com reports.

A number of other analysts have also recently issued reports on ATMU. Robert W. Baird lowered their target price on Atmus Filtration Technologies from $69.00 to $66.00 and set an “outperform” rating for the company in a research note on Monday, March 30th. JPMorgan Chase & Co. lowered their target price on Atmus Filtration Technologies from $73.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Wells Fargo & Company lowered their target price on Atmus Filtration Technologies from $67.00 to $58.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 1st. Wall Street Zen raised Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 14th. Finally, Citigroup reissued an “outperform” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, February 18th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $58.25.

Atmus Filtration Technologies Stock Performance

Shares of ATMU stock opened at $60.39 on Monday. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.42 and a quick ratio of 1.66. The stock has a market cap of $4.93 billion, a PE ratio of 24.16, a price-to-earnings-growth ratio of 2.59 and a beta of 1.58. The stock has a 50-day moving average of $60.37 and a 200-day moving average of $53.44. Atmus Filtration Technologies has a one year low of $31.17 and a one year 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, beating analysts’ consensus estimates of $0.57 by $0.09. The company had revenue of $446.60 million during the quarter, compared to analysts’ expectations of $422.25 million. Atmus Filtration Technologies had a return on equity of 69.78% and a net margin of 11.76%.Atmus Filtration Technologies’s revenue was up 9.8% on a year-over-year basis. During the same period 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, sell-side analysts expect that Atmus Filtration Technologies will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Friday, February 20th were paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, February 20th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is currently 8.80%.

Hedge Funds Weigh In On Atmus Filtration Technologies

Hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp grew its stake in shares of Atmus Filtration Technologies by 143.1% during the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock worth $26,000 after acquiring an additional 412 shares in the last quarter. Essex Investment Management Co. LLC acquired a new stake in shares of Atmus Filtration Technologies in the 4th quarter valued at approximately $37,000. PNC Financial Services Group Inc. boosted its holdings in shares of Atmus Filtration Technologies by 87.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 849 shares of the company’s stock valued at $44,000 after buying an additional 397 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Atmus Filtration Technologies by 1,498.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 959 shares of the company’s stock valued at $50,000 after buying an additional 899 shares during the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Atmus Filtration Technologies in the 4th quarter valued at approximately $52,000. 32.73% of the stock is owned by institutional investors.

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.