Atmus Filtration Technologies (NYSE:ATMU) Stock Rating Upgraded by Zacks Research

Atmus Filtration Technologies (NYSE:ATMU) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on ATMU. Wells Fargo & Company upped their price target on Atmus Filtration Technologies from $54.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 17th. JPMorgan Chase & Co. upped their target price 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. Wall Street Zen upgraded shares of Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 14th. Citigroup reiterated an “outperform” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, February 18th. Finally, Robert W. Baird boosted their price target on Atmus Filtration Technologies from $59.00 to $69.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Atmus Filtration Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $59.75.

Atmus Filtration Technologies Trading Down 0.6%

Shares of ATMU opened at $64.24 on Wednesday. The stock has a market capitalization of $5.24 billion, a P/E ratio of 25.70, a PEG ratio of 2.91 and a beta of 1.56. Atmus Filtration Technologies has a twelve month low of $30.94 and a twelve month high of $66.50. The company has a quick ratio of 1.66, a current ratio of 2.42 and a debt-to-equity ratio of 1.43. The firm has a fifty day simple moving average of $58.01 and a two-hundred day simple moving average of $50.60.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings data on Friday, February 13th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.57 by $0.09. The firm had revenue of $446.60 million during the quarter, compared to the consensus estimate of $422.25 million. Atmus Filtration Technologies had a net margin of 11.76% and a return on equity of 69.78%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.58 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. On average, research analysts anticipate that Atmus Filtration Technologies will post 2.52 EPS for the current year.

Hedge Funds Weigh In On Atmus Filtration Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp increased its position in Atmus Filtration Technologies by 143.1% during the first quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after acquiring an additional 412 shares during the last quarter. Essex Investment Management Co. LLC purchased a new position in Atmus Filtration Technologies during the fourth quarter valued at approximately $37,000. PNC Financial Services Group Inc. lifted its stake in shares of Atmus Filtration Technologies by 87.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 849 shares of the company’s stock valued at $44,000 after buying an additional 397 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Atmus Filtration Technologies by 1,498.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 959 shares of the company’s stock valued at $50,000 after acquiring an additional 899 shares in the last quarter. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Atmus Filtration Technologies during the fourth quarter valued at approximately $52,000. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

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.