Atmus Filtration Technologies Inc. (NYSE:ATMU) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $62.00.

ATMU has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating on the stock in a report on Monday, May 4th. Wells Fargo & Company began coverage on Atmus Filtration Technologies in a report on Monday, August 3rd. They set an “equal weight” rating and a $56.00 price target for the company. Wall Street Zen downgraded Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, June 14th. Robert W. Baird reduced their price objective on Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. Finally, Weiss Ratings downgraded Atmus Filtration Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th.

Insider Activity at Atmus Filtration Technologies

In other Atmus Filtration Technologies news, Director Stephen E. Macadam bought 2,000 shares of Atmus Filtration Technologies stock in a transaction on Wednesday, August 12th. The shares were purchased at an average cost of $49.78 per share, with a total value of $99,560.00. Following the acquisition, the director directly owned 40,588 shares of the company’s stock, valued at $2,020,470.64. The trade was a 5.18% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Renee Swan sold 3,870 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $50.89, for a total transaction of $196,944.30. Following the completion of the transaction, the insider owned 46,875 shares of the company’s stock, valued at approximately $2,385,468.75. This trade represents a 7.63% decrease in their ownership of the stock. 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. 0.43% of the stock is owned by company insiders.

Institutional Investors Weigh In On Atmus Filtration Technologies

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of Atmus Filtration Technologies in the second quarter worth approximately $631,617,000. California State Teachers Retirement System raised its holdings in Atmus Filtration Technologies by 4,854.3% during the 2nd quarter. California State Teachers Retirement System now owns 4,828,753 shares of the company’s stock worth $246,218,000 after purchasing an additional 4,731,287 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Atmus Filtration Technologies by 14.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,677,884 shares of the company’s stock worth $242,830,000 after purchasing an additional 596,553 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Atmus Filtration Technologies by 5.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,200,311 shares of the company’s stock worth $166,128,000 after purchasing an additional 163,659 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Atmus Filtration Technologies by 22.7% in the 4th quarter. Invesco Ltd. now owns 2,728,470 shares of the company’s stock worth $141,635,000 after purchasing an additional 504,647 shares during the period. Institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Price Performance

Shares of NYSE:ATMU opened at $47.65 on Wednesday. The firm has a 50 day moving average of $51.19 and a 200-day moving average of $54.96. The stock has a market capitalization of $3.89 billion, a PE ratio of 18.26, a PEG ratio of 2.01 and a beta of 1.19. The company has a current ratio of 2.65, a quick ratio of 1.83 and a debt-to-equity ratio of 2.18. Atmus Filtration Technologies has a 12 month low of $42.60 and a 12 month high of $66.50.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.04. The business had revenue of $527.90 million for the quarter, compared to analyst estimates of $507.02 million. Atmus Filtration Technologies had a net margin of 11.32% and a return on equity of 59.85%. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter last year, the business posted $0.75 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. On average, equities research analysts predict that Atmus Filtration Technologies will post 2.97 EPS for the current fiscal year.

Atmus Filtration Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Thursday, August 27th will be issued a $0.06 dividend. This is a boost from Atmus Filtration Technologies’s previous quarterly dividend of $0.06. The ex-dividend date is Thursday, August 27th. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 9.20%.

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.