Atmus Filtration Technologies (NYSE:ATMU) Stock Rating Upgraded by Zacks Research

Atmus Filtration Technologies (NYSE:ATMU) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

ATMU has been the subject of several other research reports. JPMorgan Chase & Co. raised Atmus Filtration Technologies from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $53.00 to $60.00 in a research note on Wednesday, November 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Finally, Wells Fargo & Company upped their price target on shares of Atmus Filtration Technologies from $47.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $49.00.

Atmus Filtration Technologies Stock Down 0.6%

NYSE ATMU opened at $52.33 on Monday. The business has a fifty day moving average price of $49.76 and a two-hundred day moving average price of $44.44. The stock has a market capitalization of $4.27 billion, a PE ratio of 21.80, a PEG ratio of 3.44 and a beta of 1.57. Atmus Filtration Technologies has a fifty-two week low of $30.94 and a fifty-two week high of $54.84. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.14 and a quick ratio of 1.41.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings results on Friday, November 7th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.08. Atmus Filtration Technologies had a return on equity of 76.84% and a net margin of 11.57%.The company had revenue of $447.70 million for the quarter, compared to analyst estimates of $415.02 million. During the same quarter last year, the company posted $0.61 EPS. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. Equities analysts expect that Atmus Filtration Technologies will post 2.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Atmus Filtration Technologies

Hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp increased its holdings 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 period. Bessemer Group Inc. lifted its holdings in Atmus Filtration Technologies by 31.4% during the 2nd quarter. Bessemer Group Inc. now owns 1,138 shares of the company’s stock worth $42,000 after buying an additional 272 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Atmus Filtration Technologies by 93.6% in the 2nd 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. Osaic Holdings Inc. increased its stake in shares of Atmus Filtration Technologies by 54.8% in the second quarter. Osaic Holdings Inc. now owns 2,471 shares of the company’s stock valued at $90,000 after buying an additional 875 shares during the period. Finally, Strs Ohio acquired a new stake in shares of Atmus Filtration Technologies in the first quarter valued at about $121,000. Institutional investors and hedge funds own 32.73% of the company’s stock.

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.