Atmus Filtration Technologies (NYSE:ATMU) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

Atmus Filtration Technologies (NYSE:ATMU) had its price target trimmed by JPMorgan Chase & Co. from $67.00 to $54.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an overweight rating on the stock.

ATMU has been the topic of a number of other reports. Wells Fargo & Company assumed coverage on Atmus Filtration Technologies in a research report on Monday, August 3rd. They set an “equal weight” rating and a $56.00 target price on the stock. Weiss Ratings cut Atmus Filtration Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Finally, Wall Street Zen cut Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, June 14th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $57.67.

Atmus Filtration Technologies Price Performance

ATMU stock opened at $42.90 on Thursday. The firm has a 50 day moving average of $47.42 and a 200-day moving average of $51.65. Atmus Filtration Technologies has a 12-month low of $40.75 and a 12-month high of $66.50. The company has a current ratio of 2.65, a quick ratio of 1.83 and a debt-to-equity ratio of 2.18. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 1.80 and a beta of 1.20.

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

Atmus Filtration Technologies Increases Dividend

The firm also recently disclosed 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 is a positive change from Atmus Filtration Technologies’s previous quarterly dividend of $0.0550. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.6%. Atmus Filtration Technologies’s dividend payout ratio is 9.20%.

Insider Buying and Selling

In related news, insider Renee Swan sold 3,870 shares of the company’s stock in a transaction that occurred 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 sale, the insider owned 46,875 shares of the company’s stock, valued at approximately $2,385,468.75. This represents a 7.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Stephen E. Macadam bought 2,000 shares of the stock in a transaction on Wednesday, August 12th. The shares were bought at an average price of $49.78 per share, for a total transaction of $99,560.00. Following the acquisition, the director owned 40,588 shares in the company, valued at $2,020,470.64. The trade was a 5.18% increase in their position. The SEC filing for this purchase provides additional information. 0.43% of the stock is currently owned by corporate insiders.

Institutional Trading of Atmus Filtration Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Allworth Financial LP acquired a new stake in shares of Atmus Filtration Technologies during the second quarter valued at $25,000. GHP Investment Advisors Inc. purchased a new position in Atmus Filtration Technologies in the 1st quarter valued at about $44,000. Global Retirement Partners LLC acquired a new stake in shares of Atmus Filtration Technologies during the 2nd quarter worth about $68,000. Parkside Financial Bank & Trust grew its holdings in shares of Atmus Filtration Technologies by 252.2% during the second quarter. Parkside Financial Bank & Trust now owns 1,409 shares of the company’s stock worth $72,000 after buying an additional 1,009 shares in the last quarter. Finally, Nykredit A S acquired a new position in shares of Atmus Filtration Technologies in the second quarter valued at approximately $73,000. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

Atmus Filtration Technologies Company Profile

Atmus Filtration Technologies Inc (NYSE: ATMU) is a filtration solutions company that develops, manufactures and distributes products for commercial vehicles, off-highway equipment, power generation systems and industrial applications. The company serves original equipment manufacturers, distributors and customers in the aftermarket.

Its product portfolio includes air, fuel, lube, hydraulic and coolant filtration systems, as well as products designed to support emissions control and other engine and equipment performance needs.