Atmus Filtration Technologies Inc. (NYSE:ATMU) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Atmus Filtration Technologies Inc. (NYSE:ATMU) has been given a consensus rating of “Moderate Buy” by the six brokerages that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $62.00.

ATMU has been the topic of several recent research reports. Wells Fargo & Company initiated coverage on Atmus Filtration Technologies in a report on Monday, August 3rd. They set an “equal weight” rating and a $56.00 target price on the stock. Weiss Ratings cut Atmus Filtration Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Finally, Wall Street Zen downgraded Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, June 14th.

Atmus Filtration Technologies Price Performance

Shares of NYSE ATMU opened at $44.81 on Friday. The firm has a 50-day simple moving average of $49.15 and a 200-day simple moving average of $52.59. The company has a quick ratio of 1.83, a current ratio of 2.65 and a debt-to-equity ratio of 2.18. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 17.17, a price-to-earnings-growth ratio of 1.91 and a beta of 1.17. Atmus Filtration Technologies has a 52 week low of $42.60 and a 52 week high of $66.50.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. Atmus Filtration Technologies had a net margin of 11.32% and a return on equity of 59.85%. The firm had revenue of $527.90 million for the quarter, compared to analyst estimates of $507.02 million. During the same period in the previous year, the business posted $0.75 earnings per share. Atmus Filtration Technologies’s quarterly revenue was up 16.5% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. On average, equities analysts predict that Atmus Filtration Technologies will post 2.97 earnings per share for the current fiscal year.

Atmus Filtration Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Thursday, August 27th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.5%. The ex-dividend date was Thursday, August 27th. This is an increase from Atmus Filtration Technologies’s previous quarterly dividend of $0.0550. Atmus Filtration Technologies’s dividend payout ratio (DPR) is currently 9.20%.

Insiders Place Their Bets

In other news, Director Stephen E. Macadam purchased 2,000 shares of the stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average price of $49.78 per share, with a total value of $99,560.00. Following the transaction, the director owned 40,588 shares in the company, valued at $2,020,470.64. The trade was a 5.18% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Renee Swan sold 3,870 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $50.89, for a total transaction of $196,944.30. Following the completion of the sale, the insider directly owned 46,875 shares of the company’s stock, valued at $2,385,468.75. This represents a 7.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.43% of the stock is owned by company insiders.

Hedge Funds Weigh In On Atmus Filtration Technologies

A number of institutional investors have recently bought and sold shares of ATMU. Allworth Financial LP purchased a new stake in shares of Atmus Filtration Technologies in the 2nd quarter valued at approximately $25,000. GHP Investment Advisors Inc. purchased a new stake in shares of Atmus Filtration Technologies during the 1st quarter valued at approximately $44,000. Global Retirement Partners LLC raised its position in shares of Atmus Filtration Technologies by 53.7% during the 4th quarter. Global Retirement Partners LLC now owns 1,319 shares of the company’s stock valued at $68,000 after buying an additional 461 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Atmus Filtration Technologies by 252.2% in the second quarter. Parkside Financial Bank & Trust now owns 1,409 shares of the company’s stock valued at $72,000 after acquiring an additional 1,009 shares during the last quarter. Finally, Nykredit A S acquired a new position in Atmus Filtration Technologies in the second quarter valued at approximately $73,000. 32.73% of the stock is owned by hedge funds and other institutional investors.

Atmus Filtration Technologies Company Profile

Atmus Filtration Technologies Inc (NYSE: ATMU) designs, manufactures and distributes filtration products and solutions for commercial vehicles, off-highway equipment, power generation systems and industrial applications. Its offerings help protect engines and other critical components by removing contaminants from air, fuel, lubricants, hydraulic fluids and coolants.

The company markets products under the Fleetguard brand and serves original equipment manufacturers, distributors, fleet operators and aftermarket customers.