Atmus Filtration Technologies (NYSE:ATMU) Shares Cross Above Fifty Day Moving Average – Should You Sell?

Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $45.53 and traded as high as $46.48. Atmus Filtration Technologies shares last traded at $46.3320, with a volume of 677,664 shares traded.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Atmus Filtration Technologies from $67.00 to $54.00 and set an “overweight” rating for the company in a research note on Thursday, October 8th. Weiss Ratings upgraded shares of Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Finally, Wells Fargo & Company assumed coverage on shares of Atmus Filtration Technologies in a research note on Monday, August 3rd. They set an “equal weight” rating and a $56.00 price objective on the stock. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Atmus Filtration Technologies has a consensus rating of “Moderate Buy” and an average target price of $57.67.

Atmus Filtration Technologies Stock Performance

The company’s 50-day moving average price is $45.53 and its two-hundred day moving average price is $53.14. The company has a market cap of $3.78 billion, a P/E ratio of 17.75, a price-to-earnings-growth ratio of 1.90 and a beta of 1.20. 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 (NYSE:ATMU) last released its earnings results 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 business had revenue of $527.90 million for the quarter, compared to the consensus estimate of $507.02 million. During the same period in the previous year, the firm earned $0.75 EPS. The business’s revenue for the quarter 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. As a group, equities analysts forecast that Atmus Filtration Technologies Inc. will post 2.97 earnings per share for the current year.

Atmus Filtration Technologies Increases Dividend

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

Insider Activity at Atmus Filtration Technologies

In other news, insider Renee Swan sold 3,870 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $50.89, for a total transaction of $196,944.30. Following the completion of the sale, the insider owned 46,875 shares in the company, valued at approximately $2,385,468.75. This represents a 7.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Stephen E. Macadam acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were bought at an average price of $49.78 per share, with a total value of $99,560.00. Following the transaction, the director directly owned 40,588 shares in the company, valued at approximately $2,020,470.64. The trade was a 5.18% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Atmus Filtration Technologies

A number of institutional investors and hedge funds have recently modified their holdings of ATMU. BlackRock Inc. purchased a new stake in shares of Atmus Filtration Technologies during the second quarter valued at $631,617,000. Jupiter Topco LLC acquired a new position in shares of Atmus Filtration Technologies in the 2nd quarter valued at $83,249,000. Port Capital LLC purchased a new position in Atmus Filtration Technologies in the 2nd quarter worth about $52,739,000. The Manufacturers Life Insurance Company purchased a new position in Atmus Filtration Technologies in the 2nd quarter worth about $39,152,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Atmus Filtration Technologies by 193.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 999,548 shares of the company’s stock worth $56,744,000 after purchasing an additional 659,357 shares in the last quarter. 32.73% of the stock is owned by institutional investors and hedge funds.

Atmus Filtration Technologies Company Profile

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.