Atmus Filtration Technologies (NYSE:ATMU) Sets New 52-Week High After Analyst Upgrade

Atmus Filtration Technologies Inc. (NYSE:ATMU) shares reached a new 52-week high on Wednesday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock traded as high as $66.50 and last traded at $64.3190, with a volume of 23801 shares trading hands. The stock had previously closed at $65.11.

ATMU has been the subject of several other reports. JPMorgan Chase & Co. lifted their target price on Atmus Filtration Technologies from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Citigroup reiterated an “outperform” rating on shares of Atmus Filtration Technologies in a report on Wednesday, February 18th. Robert W. Baird upped their target price on shares of Atmus Filtration Technologies from $59.00 to $69.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, January 21st. Finally, Wells Fargo & Company lifted their price target on shares of Atmus Filtration Technologies from $54.00 to $67.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $59.75.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ATMU. Jones Financial Companies Lllp grew its stake in Atmus Filtration Technologies by 143.1% in the first quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after purchasing an additional 412 shares during the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of Atmus Filtration Technologies during the fourth quarter valued at about $37,000. Bessemer Group Inc. boosted its holdings in shares of Atmus Filtration Technologies by 31.4% in the 2nd quarter. Bessemer Group Inc. now owns 1,138 shares of the company’s stock valued at $42,000 after buying an additional 272 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake 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 buying an additional 397 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Atmus Filtration Technologies by 93.6% during the second quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock valued at $49,000 after buying an additional 644 shares during the last quarter. 32.73% of the stock is owned by institutional investors.

Atmus Filtration Technologies Stock Performance

The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of 25.79, a P/E/G ratio of 2.91 and a beta of 1.56. The company has a current ratio of 2.42, a quick ratio of 1.66 and a debt-to-equity ratio of 1.43. The firm has a 50-day moving average of $58.01 and a 200-day moving average of $50.60.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings results on Friday, February 13th. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.09. Atmus Filtration Technologies had a return on equity of 69.78% and a net margin of 11.76%.The company had revenue of $446.60 million during the quarter, compared to analysts’ expectations of $422.25 million. During the same quarter in the previous year, the firm posted $0.58 EPS. The firm’s revenue was up 9.8% compared to the same quarter last year. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. As a group, sell-side analysts predict that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

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

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.