Robert W. Baird Cuts Atmus Filtration Technologies (NYSE:ATMU) Price Target to $66.00

Atmus Filtration Technologies (NYSE:ATMU) had its price target lowered by Robert W. Baird from $69.00 to $66.00 in a report issued on Monday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Several other research firms have also weighed in on ATMU. Zacks Research upgraded shares of Atmus Filtration Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Citigroup reiterated an “outperform” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, February 18th. Wall Street Zen raised shares of Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 14th. JPMorgan Chase & Co. raised 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. Finally, Wells Fargo & Company lifted their price target on shares of Atmus Filtration Technologies from $54.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 17th. One 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 company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $58.25.

Atmus Filtration Technologies Stock Up 2.4%

ATMU stock opened at $58.13 on Monday. The stock’s fifty day simple moving average is $60.22 and its two-hundred day simple moving average is $53.03. The company has a current ratio of 2.42, a quick ratio of 1.66 and a debt-to-equity ratio of 1.43. Atmus Filtration Technologies has a 1-year low of $30.94 and a 1-year high of $66.50. The stock has a market cap of $4.74 billion, a P/E ratio of 23.25, a P/E/G ratio of 2.55 and a beta of 1.48.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings data on Friday, February 13th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 69.78% and a net margin of 11.76%.The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. Analysts expect that Atmus Filtration Technologies will post 2.52 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Friday, February 20th were issued a $0.055 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a $0.22 annualized dividend and a yield of 0.4%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 8.80%.

Institutional Investors Weigh In On Atmus Filtration Technologies

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

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.