Atmus Filtration Technologies Inc. (NYSE:ATMU) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $50.50.

A number of research firms recently weighed in on ATMU. Weiss Ratings restated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, January 21st. Zacks Research lowered shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Wells Fargo & Company increased their target price on shares of Atmus Filtration Technologies from $52.00 to $54.00 and gave the company an “equal weight” rating in a report on Wednesday, January 7th. JPMorgan Chase & Co. boosted their price target on shares of Atmus Filtration Technologies from $60.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Finally, Wall Street Zen lowered shares of Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 17th.

Atmus Filtration Technologies Trading Up 1.7%

NYSE ATMU opened at $61.57 on Friday. 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 stock’s 50-day simple moving average is $54.81 and its two-hundred day simple moving average is $48.14. Atmus Filtration Technologies has a twelve month low of $30.94 and a twelve month high of $62.62. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 2.66 and a beta of 1.56.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings data on Friday, November 7th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.08. The firm had revenue of $447.70 million during the quarter, compared to analysts’ expectations of $415.02 million. Atmus Filtration Technologies had a return on equity of 76.84% and a net margin of 11.57%.The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 EPS. Research analysts forecast that Atmus Filtration Technologies will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

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

Institutional Trading of Atmus Filtration Technologies

A number of institutional investors have recently made changes to their positions in the stock. Legato Capital Management LLC purchased a new position in shares of Atmus Filtration Technologies in the fourth quarter worth $439,000. Global Retirement Partners LLC increased its position in shares of Atmus Filtration Technologies by 53.7% in the fourth quarter. Global Retirement Partners LLC now owns 1,319 shares of the company’s stock valued at $68,000 after acquiring an additional 461 shares during the period. Jag Capital Management LLC raised its stake in shares of Atmus Filtration Technologies by 18.3% during the fourth quarter. Jag Capital Management LLC now owns 5,630 shares of the company’s stock valued at $292,000 after acquiring an additional 871 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Atmus Filtration Technologies by 87.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 849 shares of the company’s stock worth $44,000 after purchasing an additional 397 shares during the period. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Atmus Filtration Technologies by 35.2% during the fourth quarter. Handelsbanken Fonder AB now owns 31,900 shares of the company’s stock worth $1,656,000 after purchasing an additional 8,300 shares during the period. Hedge funds and other institutional investors 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.