Brokerages Set Atmus Filtration Technologies Inc. (NYSE:ATMU) PT at $62.67

Atmus Filtration Technologies Inc. (NYSE:ATMU) has been given a consensus rating of “Moderate Buy” by the six ratings firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $62.6667.

A number of brokerages have weighed in on ATMU. Citigroup reaffirmed an “outperform” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, February 18th. JPMorgan Chase & Co. dropped their target price on shares of Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating for the company in a research note on Monday, May 4th. Wall Street Zen downgraded shares of Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research note on Sunday. Robert W. Baird dropped their target price on shares of Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. Finally, Wells Fargo & Company dropped their target price on shares of Atmus Filtration Technologies from $67.00 to $58.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 1st.

Insider Buying and Selling

In other news, insider Renee Swan sold 2,566 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $45.25, for a total value of $116,111.50. Following the transaction, the insider owned 50,745 shares of the company’s stock, valued at approximately $2,296,211.25. This trade represents a 4.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Jack Kienzler sold 5,132 shares of Atmus Filtration Technologies stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $45.25, for a total transaction of $232,223.00. Following the sale, the chief financial officer owned 75,804 shares of the company’s stock, valued at approximately $3,430,131. This represents a 6.34% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 36,240 shares of company stock worth $1,639,860. 0.43% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Atmus Filtration Technologies

Several institutional investors have recently modified their holdings of ATMU. Jones Financial Companies Lllp grew its position in shares of Atmus Filtration Technologies by 143.1% during the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock worth $26,000 after buying an additional 412 shares during the period. Essex Investment Management Co. LLC acquired a new stake in shares of Atmus Filtration Technologies during the 4th quarter worth approximately $37,000. GHP Investment Advisors Inc. acquired a new stake in shares of Atmus Filtration Technologies during the 1st quarter worth approximately $44,000. PNC Financial Services Group Inc. grew its position in shares of Atmus Filtration Technologies by 87.8% during the 4th 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 position in shares of Atmus Filtration Technologies by 93.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock worth $49,000 after buying an additional 644 shares during the period. Institutional investors and hedge funds own 32.73% of the company’s stock.

Atmus Filtration Technologies Trading Up 3.3%

Shares of ATMU stock opened at $51.67 on Friday. Atmus Filtration Technologies has a 12-month low of $34.58 and a 12-month high of $66.50. The company has a market capitalization of $4.22 billion, a P/E ratio of 20.26, a P/E/G ratio of 2.14 and a beta of 1.24. The firm has a 50-day moving average price of $54.64 and a 200 day moving average price of $56.30. The company has a quick ratio of 1.70, a current ratio of 2.53 and a debt-to-equity ratio of 2.47.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.04. Atmus Filtration Technologies had a net margin of 11.56% and a return on equity of 64.29%. The company had revenue of $477.50 million during the quarter, compared to the consensus estimate of $474.41 million. During the same period in the previous year, the firm posted $0.63 earnings per share. The company’s revenue was up 14.6% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. Research analysts forecast that Atmus Filtration Technologies will post 2.95 earnings per share for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 26th were given a dividend of $0.055 per share. The ex-dividend date was Tuesday, May 26th. This represents a $0.22 dividend on an annualized basis and a yield of 0.4%. Atmus Filtration Technologies’s dividend payout ratio is presently 8.63%.

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.