Atmus Filtration Technologies (NYSE:ATMU) Sees Strong Trading Volume – Here’s Why

Atmus Filtration Technologies Inc. (NYSE:ATMU) saw an uptick in trading volume on Monday . 853,100 shares were traded during trading, an increase of 10% from the previous session’s volume of 773,786 shares.The stock last traded at $59.9550 and had previously closed at $57.62.

Analyst Ratings Changes

Several research firms have weighed in on ATMU. Citigroup restated an “outperform” rating on shares of Atmus Filtration Technologies in a report on Wednesday, February 18th. Robert W. Baird cut their target price on Atmus Filtration Technologies from $69.00 to $66.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. Wells Fargo & Company cut their target price on Atmus Filtration Technologies from $67.00 to $58.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 1st. Zacks Research lowered Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, JPMorgan Chase & Co. cut their target price on Atmus Filtration Technologies from $73.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.25.

Atmus Filtration Technologies Trading Up 4.7%

The company has a fifty day simple moving average of $60.37 and a two-hundred day simple moving average of $53.44. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.42 and a quick ratio of 1.66. The company has a market capitalization of $5.16 billion, a P/E ratio of 25.28, a price-to-earnings-growth ratio of 2.59 and a beta of 1.58.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results on Friday, February 13th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.09. The company had revenue of $446.60 million for the quarter, compared to analyst estimates 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 was up 9.8% compared to the same quarter last year. During the same period last year, the company earned $0.58 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. On average, analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Friday, February 20th were given a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, February 20th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is currently 8.80%.

Institutional Investors Weigh In On Atmus Filtration Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in ATMU. Channing Capital Management LLC grew its position in shares of Atmus Filtration Technologies by 3,192.8% in the third quarter. Channing Capital Management LLC now owns 1,715,015 shares of the company’s stock valued at $77,330,000 after purchasing an additional 1,662,931 shares during the last quarter. Boston Trust Walden Corp acquired a new stake in shares of Atmus Filtration Technologies in the fourth quarter valued at about $44,304,000. Eminence Capital LP grew its position in shares of Atmus Filtration Technologies by 12.0% in 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 position in shares of Atmus Filtration Technologies by 39.5% in the fourth quarter. First Trust Advisors LP now owns 2,131,911 shares of the company’s stock valued at $110,668,000 after purchasing an additional 603,954 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Atmus Filtration Technologies by 14.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,677,884 shares of the company’s stock valued at $242,830,000 after purchasing an additional 596,553 shares during the last quarter. 32.73% of the stock is owned by institutional investors and hedge funds.

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.