Atmus Filtration Technologies Inc. (ATMU) – What Are Researchers Thinking About This Stock?

Atmus Filtration Technologies Inc. (NYSE:ATMU) has received a consensus rating of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $57.67.

Several analysts have recently weighed in on ATMU shares. JPMorgan Chase & Co. lowered their target price on shares of Atmus Filtration Technologies from $67.00 to $54.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. Weiss Ratings raised shares of Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Finally, Wells Fargo & Company assumed coverage on shares of 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.

Insider Activity at Atmus Filtration Technologies

In other Atmus Filtration Technologies news, Director Stephen E. Macadam bought 2,000 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were bought at an average price of $49.78 per share, for a total transaction of $99,560.00. Following the transaction, the director owned 40,588 shares of the company’s stock, valued at approximately $2,020,470.64. This trade represents a 5.18% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Renee Swan sold 3,870 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $50.89, for a total value of $196,944.30. Following the transaction, the insider directly 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 disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 0.43% of the company’s stock.

Institutional Trading of Atmus Filtration Technologies

Institutional investors have recently modified their holdings of the business. BlackRock Inc. acquired a new position in Atmus Filtration Technologies during the second quarter worth $631,617,000. First Trust Advisors LP lifted its holdings in Atmus Filtration Technologies by 3.3% in the first quarter. First Trust Advisors LP now owns 2,202,816 shares of the company’s stock valued at $125,054,000 after acquiring an additional 70,905 shares during the period. Jupiter Topco LLC acquired a new stake in Atmus Filtration Technologies in the second quarter valued at $83,249,000. Janus Henderson Group PLC lifted its holdings in Atmus Filtration Technologies by 13.3% in the first quarter. Janus Henderson Group PLC now owns 1,551,117 shares of the company’s stock valued at $88,104,000 after acquiring an additional 181,792 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of Atmus Filtration Technologies by 4.3% during the 2nd quarter. Wellington Management Group LLP now owns 1,445,763 shares of the company’s stock worth $73,719,000 after purchasing an additional 59,342 shares in the last quarter. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

Atmus Filtration Technologies Stock Performance

NYSE:ATMU opened at $44.42 on Thursday. The company has a debt-to-equity ratio of 2.18, a current ratio of 2.65 and a quick ratio of 1.83. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 1.87 and a beta of 1.20. The firm’s fifty day moving average price is $46.30 and its 200 day moving average price is $50.99. Atmus Filtration Technologies has a 1-year low of $40.75 and a 1-year high of $66.50.

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

Atmus Filtration Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Thursday, August 27th were issued a $0.06 dividend. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. This is a boost from Atmus Filtration Technologies’s previous quarterly dividend of $0.0550. Atmus Filtration Technologies’s dividend payout ratio is presently 9.20%.

About Atmus Filtration Technologies

Atmus Filtration Technologies Inc (NYSE: ATMU) is a filtration products and solutions company serving the commercial vehicle, industrial, agriculture, construction, mining and power-generation markets. The company develops and manufactures filtration technologies designed to protect engines, equipment and other critical systems while supporting performance and maintenance requirements.

Atmus’s product portfolio includes air, fuel, lube and hydraulic filtration products, as well as solutions for emissions control, crankcase ventilation and coolant management.