Atmus Filtration Technologies (NYSE:ATMU) Given New $36.00 Price Target at Robert W. Baird

Atmus Filtration Technologies (NYSE:ATMU) had its target price decreased by Robert W. Baird from $37.00 to $36.00 in a report issued on Friday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other equities research analysts have also weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Atmus Filtration Technologies from $36.00 to $38.00 and gave the company an overweight rating in a report on Monday, April 15th. Wells Fargo & Company lowered their price objective on Atmus Filtration Technologies from $37.00 to $36.00 and set an overweight rating on the stock in a report on Monday, May 6th. Finally, The Goldman Sachs Group lifted their price objective on Atmus Filtration Technologies from $30.00 to $34.00 and gave the company a buy rating in a report on Tuesday, April 16th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of Buy and a consensus price target of $35.60.

Atmus Filtration Technologies Stock Performance

NYSE ATMU opened at $30.93 on Friday. The company has a quick ratio of 1.27, a current ratio of 2.00 and a debt-to-equity ratio of 4.83. Atmus Filtration Technologies has a 52-week low of $18.21 and a 52-week high of $33.70. The business’s 50-day moving average price is $29.33 and its 200 day moving average price is $27.52. The firm has a market cap of $2.58 billion, a P/E ratio of 15.78, a P/E/G ratio of 3.78 and a beta of 1.76.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings results on Friday, May 3rd. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. Atmus Filtration Technologies had a return on equity of 314.52% and a net margin of 10.03%. The firm had revenue of $426.60 million for the quarter, compared to analyst estimates of $416.18 million. The company’s quarterly revenue was up 1.9% on a year-over-year basis. On average, equities research analysts expect that Atmus Filtration Technologies will post 2.26 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Thursday, August 1st will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Thursday, August 1st.

Institutional Investors Weigh In On Atmus Filtration Technologies

Several institutional investors have recently modified their holdings of the company. Harbor Capital Advisors Inc. boosted its stake in shares of Atmus Filtration Technologies by 103.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 28,008 shares of the company’s stock worth $806,000 after acquiring an additional 14,210 shares in the last quarter. Boston Partners acquired a new position in shares of Atmus Filtration Technologies during the 1st quarter worth approximately $27,102,000. Burney Co. acquired a new position in shares of Atmus Filtration Technologies during the 1st quarter worth approximately $567,000. Bluefin Capital Management LLC acquired a new position in shares of Atmus Filtration Technologies during the 1st quarter worth approximately $312,000. Finally, California State Teachers Retirement System raised its position in shares of Atmus Filtration Technologies by 38.5% during the 1st quarter. California State Teachers Retirement System now owns 24,592 shares of the company’s stock worth $793,000 after purchasing an additional 6,831 shares during the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Company Profile

Atmus Filtration Technologies Inc designs, manufactures, and sells filtration products under the Fleetguard brand name in North America, Europe, South America, Asia, Australia, Africa, and internationally. The company offers fuel filters, lube filters, air filters, crankcase ventilation, hydraulic filters, coolants, and fuel additives, as well as other chemicals; and fuel water separators and other filtration systems to original equipment manufacturers, dealers/distributors, and end-users.