Atmus Filtration Technologies Inc. (NYSE:ATMU) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) have received a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $50.50.

Several equities analysts have recently weighed in on the company. Wells Fargo & Company lifted their price target on Atmus Filtration Technologies from $52.00 to $54.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atmus Filtration Technologies in a report on Wednesday, January 21st. JPMorgan Chase & Co. increased their price target on shares of Atmus Filtration Technologies from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Wall Street Zen cut shares of Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 17th. Finally, Zacks Research lowered shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th.

Hedge Funds Weigh In On Atmus Filtration Technologies

A number of institutional investors have recently added to or reduced their stakes in ATMU. Channing Capital Management LLC boosted its position in shares of Atmus Filtration Technologies by 3,192.8% during the 3rd quarter. Channing Capital Management LLC now owns 1,715,015 shares of the company’s stock valued at $77,330,000 after acquiring an additional 1,662,931 shares during the last quarter. Boston Trust Walden Corp purchased a new stake in Atmus Filtration Technologies in the fourth quarter valued at approximately $44,304,000. Eminence Capital LP lifted its position in Atmus Filtration Technologies by 12.0% during the second quarter. Eminence Capital LP now owns 6,448,993 shares of the company’s stock valued at $234,872,000 after purchasing an additional 691,939 shares during the last quarter. First Trust Advisors LP grew its stake in Atmus Filtration Technologies by 49.1% in the 3rd quarter. First Trust Advisors LP now owns 1,527,957 shares of the company’s stock worth $68,896,000 after buying an additional 503,383 shares in the last quarter. Finally, Port Capital LLC bought a new position in shares of Atmus Filtration Technologies in the 3rd quarter worth $19,409,000. 32.73% of the stock is currently owned by institutional investors.

Atmus Filtration Technologies Stock Performance

NYSE ATMU opened at $61.57 on Friday. The firm has a market cap of $5.02 billion, a P/E ratio of 25.65, a price-to-earnings-growth ratio of 2.66 and a beta of 1.56. 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 company’s 50 day moving average is $54.81 and its 200-day moving average is $48.14. Atmus Filtration Technologies has a 12-month low of $30.94 and a 12-month high of $62.62.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings data 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 business had revenue of $447.70 million during the quarter, compared to analyst estimates of $415.02 million. During the same period in the previous year, the business earned $0.61 EPS. Atmus Filtration Technologies’s revenue was up 10.9% compared to the same quarter last year. Sell-side analysts predict that Atmus Filtration Technologies will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th were paid a dividend of $0.055 per share. 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%.

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.