Atmus Filtration Technologies (NYSE:ATMU) Sees Strong Trading Volume – Time to Buy?

Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) saw unusually-high trading volume on Monday . Approximately 853,100 shares changed hands during mid-day trading, an increase of 10% from the previous session’s volume of 773,786 shares.The stock last traded at $59.9550 and had previously closed at $57.62.

Wall Street Analyst Weigh In

ATMU has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their target price on shares of Atmus Filtration Technologies from $73.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Wall Street Zen upgraded shares of Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 14th. Robert W. Baird dropped their price objective on shares of Atmus Filtration Technologies from $69.00 to $66.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. Zacks Research raised shares of Atmus Filtration Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Finally, Citigroup reiterated an “outperform” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, February 18th. One investment 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $58.25.

Atmus Filtration Technologies Stock Up 4.0%

The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 23.98, a P/E/G ratio of 2.59 and a beta of 1.58. The business has a fifty day simple moving average of $60.24 and a two-hundred day simple moving average of $53.24. The company has a quick ratio of 1.66, a current ratio of 2.42 and a debt-to-equity ratio of 1.43.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results on Friday, February 13th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.57 by $0.09. The business had revenue of $446.60 million during the quarter, compared to the consensus estimate of $422.25 million. Atmus Filtration Technologies had a return on equity of 69.78% and a net margin of 11.76%.Atmus Filtration Technologies’s revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company earned $0.58 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. Equities analysts expect that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Friday, February 20th were issued a $0.055 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a $0.22 annualized dividend and a dividend yield of 0.4%. Atmus Filtration Technologies’s dividend payout ratio is presently 8.80%.

Hedge Funds Weigh In On Atmus Filtration Technologies

Institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its holdings in shares of Atmus Filtration Technologies by 143.1% during the first quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock worth $26,000 after buying an additional 412 shares in the last quarter. Essex Investment Management Co. LLC acquired a new stake in Atmus Filtration Technologies during the 4th quarter valued at $37,000. PNC Financial Services Group Inc. raised its position in Atmus Filtration Technologies by 87.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 849 shares of the company’s stock valued at $44,000 after purchasing an additional 397 shares during the last quarter. Geneos Wealth Management Inc. raised its position in 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 purchasing an additional 644 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Atmus Filtration Technologies by 1,498.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 959 shares of the company’s stock worth $50,000 after purchasing an additional 899 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.