Atmus Filtration Technologies (NYSE:ATMU) Upgraded at 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 Wednesday,Zacks.com reports.

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

Atmus Filtration Technologies Stock Down 0.6%

Shares of NYSE ATMU opened at $64.24 on Wednesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.42 and a quick ratio of 1.66. The stock has a market capitalization of $5.24 billion, a PE ratio of 25.70, a P/E/G ratio of 2.91 and a beta of 1.56. Atmus Filtration Technologies has a one year low of $30.94 and a one year high of $66.50. The business’s fifty day moving average price is $58.01 and its 200-day moving average price is $50.60.

Atmus Filtration Technologies (NYSE:ATMU) last issued its 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. Atmus Filtration Technologies had a net margin of 11.76% and a return on equity of 69.78%. The firm had revenue of $446.60 million during the quarter, compared to analyst estimates of $422.25 million. During the same quarter last year, the business earned $0.58 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. On average, equities research analysts anticipate that Atmus Filtration Technologies will post 2.52 EPS for the current year.

Hedge Funds Weigh In On Atmus Filtration Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Ieq Capital LLC lifted its stake in Atmus Filtration Technologies by 3.4% in the fourth quarter. Ieq Capital LLC now owns 5,530 shares of the company’s stock worth $287,000 after purchasing an additional 182 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of Atmus Filtration Technologies by 0.3% in the second quarter. California State Teachers Retirement System now owns 83,277 shares of the company’s stock worth $3,033,000 after buying an additional 236 shares during the period. Bessemer Group Inc. lifted its stake 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 acquiring an additional 272 shares during the last quarter. Verdence Capital Advisors LLC boosted its holdings in Atmus Filtration Technologies by 2.1% during the 3rd quarter. Verdence Capital Advisors LLC now owns 13,678 shares of the company’s stock valued at $626,000 after acquiring an additional 285 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Atmus Filtration Technologies by 14.7% during the 4th quarter. GAMMA Investing LLC now owns 2,223 shares of the company’s stock valued at $115,000 after acquiring an additional 285 shares during the period. Institutional investors own 32.73% of the company’s stock.

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.