Atmus Filtration Technologies Inc. (NYSE:ATMU) Stock Has Consensus Price Target of $57.67

Atmus Filtration Technologies Inc. (NYSE:ATMU – Get Free Report) has earned a consensus rating of “Moderate Buy” from the six research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $57.67.

A number of analysts have recently issued reports on the company. Weiss Ratings raised Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Wells Fargo & Company assumed coverage on Atmus Filtration Technologies in a research note on Monday, August 3rd. They issued an “equal weight” rating and a $56.00 price objective for the company. Finally, JPMorgan Chase & Co. decreased their price objective on Atmus Filtration Technologies from $67.00 to $54.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th.

View Our Latest Report on Atmus Filtration Technologies

Insider Transactions at Atmus Filtration Technologies

In related news, insider Renee Swan sold 3,870 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $50.89, for a total transaction of $196,944.30. Following the transaction, the insider directly owned 46,875 shares in the company, valued at approximately $2,385,468.75. The trade was a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Stephen E. Macadam acquired 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were acquired at an average cost of $49.78 per share, with a total value of $99,560.00. Following the purchase, the director owned 40,588 shares in the company, valued at $2,020,470.64. This represents a 5.18% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.43% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ATMU. BlackRock Inc. purchased a new stake in shares of Atmus Filtration Technologies during the 2nd quarter valued at approximately $631,617,000. First Trust Advisors LP grew its position in Atmus Filtration Technologies by 3.3% in the first quarter. First Trust Advisors LP now owns 2,202,816 shares of the company’s stock worth $125,054,000 after acquiring an additional 70,905 shares during the period. Janus Henderson Group PLC grew its position in Atmus Filtration Technologies by 13.3% in the first quarter. Janus Henderson Group PLC now owns 1,551,117 shares of the company’s stock worth $88,104,000 after acquiring an additional 181,792 shares during the period. Jupiter Topco LLC purchased a new position in Atmus Filtration Technologies in the second quarter worth approximately $83,249,000. Finally, Dimensional Fund Advisors LP increased its stake in Atmus Filtration Technologies by 3.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,302,972 shares of the company’s stock worth $73,959,000 after acquiring an additional 45,138 shares during the last quarter. 32.73% of the stock is owned by hedge funds and other institutional investors.

More Atmus Filtration Technologies News

Here are the key news stories impacting Atmus Filtration Technologies this week:

Atmus Filtration Technologies Stock Down 0.3%

ATMU opened at $50.47 on Monday. Atmus Filtration Technologies has a twelve month low of $40.75 and a twelve month high of $66.50. The company has a quick ratio of 1.73, a current ratio of 2.56 and a debt-to-equity ratio of 1.88. The company has a 50-day moving average price of $45.34 and a 200 day moving average price of $52.89. The company has a market cap of $4.12 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 2.13 and a beta of 1.17.

Atmus Filtration Technologies (NYSE:ATMU – Get Free Report) last posted its quarterly earnings data on Friday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.04. Atmus Filtration Technologies had a return on equity of 55.47% and a net margin of 11.26%. The company had revenue of $510.00 million for the quarter, compared to analysts’ expectations of $501.59 million. During the same period in the previous year, the firm posted $0.69 EPS. Atmus Filtration Technologies’s revenue was up 13.9% compared to the same quarter last year. Atmus Filtration Technologies has set its FY 2026 guidance at 2.900-3.050 EPS. Sell-side analysts expect that Atmus Filtration Technologies will post 2.97 earnings per share for the current fiscal year.

Atmus Filtration Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Thursday, August 27th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, August 27th. This is a positive change from Atmus Filtration Technologies’s previous quarterly dividend of $0.0550. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.5%. Atmus Filtration Technologies’s payout ratio is currently 8.92%.

Atmus Filtration Technologies Company Profile

(Get Free Report)

Atmus Filtration Technologies designs, manufactures and distributes filtration products and solutions for equipment and engines. Its offerings include air, fuel, lubricating-oil, hydraulic and coolant filtration, as well as crankcase ventilation and emissions-related products. The company markets many of its products under the Fleetguard brand.

Atmus serves customers in markets including on-highway transportation, agriculture, construction, mining, marine, power generation and industrial equipment.

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Analyst Recommendations for Atmus Filtration Technologies (NYSE:ATMU)

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