Atmus Filtration Technologies (NYSE:ATMU) Reaches New 52-Week High – Here’s Why

Atmus Filtration Technologies Inc. (NYSE:ATMU)’s stock price reached a new 52-week high on Monday . The company traded as high as $60.00 and last traded at $59.90, with a volume of 133893 shares changing hands. The stock had previously closed at $57.97.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, January 21st. Wells Fargo & Company lifted their price objective on Atmus Filtration Technologies from $52.00 to $54.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 7th. Wall Street Zen cut Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 17th. Zacks Research downgraded shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Atmus Filtration Technologies from $60.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.50.

Atmus Filtration Technologies Trading Up 0.7%

The firm has a market cap of $4.99 billion, a P/E ratio of 25.51, a P/E/G ratio of 2.67 and a beta of 1.56. The business’s 50-day moving average is $54.40 and its two-hundred day moving average is $47.88. The company has a current ratio of 2.14, a quick ratio of 1.41 and a debt-to-equity ratio of 1.63.

Atmus Filtration Technologies (NYSE:ATMU) last issued its earnings results on Friday, November 7th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.08. The firm had revenue of $447.70 million for the quarter, compared to analysts’ expectations of $415.02 million. Atmus Filtration Technologies had a net margin of 11.57% and a return on equity of 76.84%. Atmus Filtration Technologies’s revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the company posted $0.61 earnings per share. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. As a group, analysts expect that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

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

Institutional Trading of Atmus Filtration Technologies

A number of large investors have recently modified their holdings of the company. Jones Financial Companies Lllp boosted its stake in Atmus Filtration Technologies by 143.1% during the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after purchasing an additional 412 shares during the period. Bessemer Group Inc. boosted its position in shares of Atmus Filtration Technologies by 31.4% during the second quarter. Bessemer Group Inc. now owns 1,138 shares of the company’s stock worth $42,000 after buying an additional 272 shares during the period. Geneos Wealth Management Inc. grew its holdings 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 worth $49,000 after buying an additional 644 shares in the last quarter. Osaic Holdings Inc. increased its position 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 acquiring an additional 875 shares during the period. Finally, GAMMA Investing LLC raised its stake in Atmus Filtration Technologies by 14.7% during the 4th quarter. GAMMA Investing LLC now owns 2,223 shares of the company’s stock valued at $115,000 after acquiring an additional 285 shares in the last quarter. Institutional investors and hedge funds 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.