Atmus Filtration Technologies (NYSE:ATMU) Cut to “Buy” at Wall Street Zen

Wall Street Zen cut shares of Atmus Filtration Technologies (NYSE:ATMU) from a strong-buy rating to a buy rating in a research report report published on Saturday morning.

Other research analysts have also issued reports about the stock. Wells Fargo & Company boosted their price objective on shares of Atmus Filtration Technologies from $52.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 7th. Weiss Ratings restated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lifted 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. Finally, Zacks Research upgraded Atmus Filtration Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.50.

Atmus Filtration Technologies Price Performance

Shares of ATMU stock opened at $56.82 on Friday. Atmus Filtration Technologies has a 12-month low of $30.94 and a 12-month high of $57.85. The company has a quick ratio of 1.41, a current ratio of 2.14 and a debt-to-equity ratio of 1.63. The firm has a market capitalization of $4.63 billion, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 3.45 and a beta of 1.57. The firm has a fifty day moving average of $52.02 and a 200-day moving average of $46.25.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings results on Friday, November 7th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.08. Atmus Filtration Technologies had a net margin of 11.57% and a return on equity of 76.84%. The firm had revenue of $447.70 million for the quarter, compared to analyst estimates of $415.02 million. During the same quarter in the previous year, the firm posted $0.61 earnings per share. The business’s revenue was up 10.9% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. On average, equities research analysts forecast that Atmus Filtration Technologies will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th were paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Tuesday, November 25th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 9.17%.

Hedge Funds Weigh In On Atmus Filtration Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp boosted its stake in Atmus Filtration Technologies by 143.1% in the first quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after buying an additional 412 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Atmus Filtration Technologies by 31.4% during the 2nd quarter. Bessemer Group Inc. now owns 1,138 shares of the company’s stock valued at $42,000 after purchasing an additional 272 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Atmus Filtration Technologies by 93.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock worth $49,000 after purchasing an additional 644 shares in the last quarter. GAMMA Investing LLC increased its position in Atmus Filtration Technologies by 14.7% during the 4th quarter. GAMMA Investing LLC now owns 2,223 shares of the company’s stock worth $115,000 after purchasing an additional 285 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its stake in Atmus Filtration Technologies by 54.8% in the 2nd quarter. Osaic Holdings Inc. now owns 2,471 shares of the company’s stock valued at $90,000 after purchasing an additional 875 shares during the last quarter. Institutional investors own 32.73% of the company’s stock.

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.