Atmus Filtration Technologies (NYSE:ATMU) Given New $53.00 Price Target at JPMorgan Chase & Co.

Atmus Filtration Technologies (NYSE:ATMU) had its target price hoisted by analysts at JPMorgan Chase & Co. from $47.00 to $53.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 7.58% from the company’s current price.

Several other research analysts also recently commented on ATMU. Wall Street Zen downgraded shares of Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, October 8th. Robert W. Baird boosted their price objective on Atmus Filtration Technologies from $41.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, August 11th. Finally, Wells Fargo & Company upped their price target on Atmus Filtration Technologies from $47.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.80.

Atmus Filtration Technologies Stock Performance

Shares of ATMU stock traded up $1.37 during trading on Monday, reaching $49.27. The company had a trading volume of 274,232 shares, compared to its average volume of 767,350. The firm’s 50 day simple moving average is $45.29 and its two-hundred day simple moving average is $40.64. Atmus Filtration Technologies has a one year low of $30.94 and a one year high of $51.84. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.43. The company has a market capitalization of $4.05 billion, a PE ratio of 20.53, a PEG ratio of 5.69 and a beta of 1.62.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results 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. Atmus Filtration Technologies had a return on equity of 81.62% and a net margin of 11.57%.The firm had revenue of $447.70 million during the quarter, compared to analysts’ expectations of $415.02 million. During the same quarter in the prior year, the business earned $0.61 earnings per share. The company’s revenue was up 10.9% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. Sell-side analysts forecast that Atmus Filtration Technologies will post 2.52 earnings per share for the current year.

Institutional Investors Weigh In On Atmus Filtration Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System raised its stake in shares of Atmus Filtration Technologies by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 83,277 shares of the company’s stock valued at $3,033,000 after buying an additional 236 shares in the last quarter. Bessemer Group Inc. raised its position in Atmus Filtration Technologies by 31.4% in the second quarter. Bessemer Group Inc. now owns 1,138 shares of the company’s stock worth $42,000 after purchasing an additional 272 shares in the last quarter. Verdence Capital Advisors LLC raised its position in Atmus Filtration Technologies by 2.1% in the third quarter. Verdence Capital Advisors LLC now owns 13,678 shares of the company’s stock worth $626,000 after purchasing an additional 285 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Atmus Filtration Technologies by 5.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,021 shares of the company’s stock worth $266,000 after purchasing an additional 301 shares during the period. Finally, Creative Planning boosted its holdings in Atmus Filtration Technologies by 4.9% during the second quarter. Creative Planning now owns 6,688 shares of the company’s stock valued at $244,000 after purchasing an additional 312 shares in the last quarter. Institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Company Profile

Atmus Filtration Technologies Inc designs, manufactures, and sells filtration products under the Fleetguard brand name in North America, Europe, South America, Asia, Australia, Africa, and internationally. The company offers fuel filters, lube filters, air filters, crankcase ventilation, hydraulic filters, coolants, and fuel additives, as well as other chemicals; and fuel water separators and other filtration systems to original equipment manufacturers, dealers/distributors, and end-users.