Atmus Filtration Technologies (NYSE:ATMU) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Atmus Filtration Technologies (NYSE:ATMU) from a buy rating to a strong-buy rating in a research note published on Saturday.

A number of other research analysts have also recently weighed in on the company. Wells Fargo & Company raised their price target on Atmus Filtration Technologies from $52.00 to $54.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 7th. Zacks Research downgraded shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. JPMorgan Chase & Co. upped their price target on shares of Atmus Filtration Technologies from $60.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Atmus Filtration Technologies presently has an average rating of “Moderate Buy” and an average price target of $50.50.

Atmus Filtration Technologies Price Performance

ATMU stock opened at $64.17 on Friday. The firm has a 50 day moving average of $56.12 and a 200-day moving average of $49.30. The company has a market cap of $5.23 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 2.77 and a beta of 1.56. The company has a current ratio of 2.14, a quick ratio of 1.41 and a debt-to-equity ratio of 1.63. Atmus Filtration Technologies has a 12-month low of $30.94 and a 12-month high of $66.00.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings results on Friday, February 13th. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.09. The business had revenue of $446.60 million for the quarter, compared to analysts’ expectations of $422.25 million. Atmus Filtration Technologies had a return on equity of 73.91% and a net margin of 11.76%.The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.58 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. As a group, equities analysts expect that Atmus Filtration Technologies will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Friday, February 20th will be paid a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a $0.22 annualized dividend and a yield of 0.3%. Atmus Filtration Technologies’s dividend payout ratio is currently 8.80%.

Institutional Investors Weigh In On Atmus Filtration Technologies

Large investors have recently modified their holdings of the stock. Eminence Capital LP raised its position in shares of Atmus Filtration Technologies by 1.1% during the third quarter. Eminence Capital LP now owns 6,522,404 shares of the company’s stock worth $294,095,000 after purchasing an additional 73,411 shares during the period. Goldman Sachs Group Inc. increased its stake in Atmus Filtration Technologies by 5.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,200,311 shares of the company’s stock worth $166,128,000 after purchasing an additional 163,659 shares in the last quarter. Geode Capital Management LLC raised its holdings in Atmus Filtration Technologies by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 2,428,684 shares of the company’s stock worth $126,088,000 after buying an additional 54,376 shares during the period. Invesco Ltd. raised its holdings in Atmus Filtration Technologies by 1.6% during the 3rd quarter. Invesco Ltd. now owns 2,223,823 shares of the company’s stock worth $100,272,000 after buying an additional 34,146 shares during the period. Finally, First Trust Advisors LP lifted its stake in Atmus Filtration Technologies by 39.5% during the fourth quarter. First Trust Advisors LP now owns 2,131,911 shares of the company’s stock valued at $110,668,000 after buying an additional 603,954 shares in the last quarter. 32.73% of the stock is owned by institutional investors.

About Atmus Filtration Technologies

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.