Atmus Filtration Technologies (NYSE:ATMU) Price Target Raised to $64.00

by · The Cerbat Gem

Atmus Filtration Technologies (NYSE:ATMU – Free Report) had its target price lifted by JPMorgan Chase & Co. from $60.00 to $64.00 in a report published on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other research analysts have also issued reports about the stock. Zacks Research upgraded shares of Atmus Filtration Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, October 8th. Wells Fargo & Company upped their price objective on Atmus Filtration Technologies from $52.00 to $54.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 7th. Finally, Wall Street Zen raised Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 28th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Atmus Filtration Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.50.

Check Out Our Latest Analysis on Atmus Filtration Technologies

Atmus Filtration Technologies Stock Down 0.7%

ATMU stock opened at $56.82 on Wednesday. The company’s 50 day moving average is $51.88 and its 200 day moving average is $45.99. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 3.54 and a beta of 1.57. The company has a current ratio of 2.14, a quick ratio of 1.41 and a debt-to-equity ratio of 1.63. Atmus Filtration Technologies has a 1-year low of $30.94 and a 1-year high of $57.85.

Atmus Filtration Technologies (NYSE:ATMU – Get Free Report) last announced its earnings results on Friday, November 7th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.08. The business had revenue of $447.70 million during the quarter, compared to analyst estimates of $415.02 million. Atmus Filtration Technologies had a net margin of 11.57% and a return on equity of 76.84%. Atmus Filtration Technologies’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 earnings per share. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. Sell-side analysts predict that Atmus Filtration Technologies will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th were paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Tuesday, November 25th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 9.17%.

Institutional Investors Weigh In On Atmus Filtration Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jones Financial Companies Lllp boosted its holdings in Atmus Filtration Technologies by 143.1% during the 1st 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 period. Bessemer Group Inc. increased its stake in Atmus Filtration Technologies by 31.4% in the 2nd quarter. Bessemer Group Inc. now owns 1,138 shares of the company’s stock worth $42,000 after purchasing an additional 272 shares during the period. Geneos Wealth Management Inc. lifted its position in Atmus Filtration Technologies by 93.6% in the second quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock valued at $49,000 after purchasing an additional 644 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of Atmus Filtration Technologies by 54.8% during the second quarter. Osaic Holdings Inc. now owns 2,471 shares of the company’s stock valued at $90,000 after purchasing an additional 875 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Atmus Filtration Technologies by 14.7% during the fourth quarter. GAMMA Investing LLC now owns 2,223 shares of the company’s stock valued at $115,000 after purchasing an additional 285 shares during the period. Institutional investors own 32.73% of the company’s stock.

About Atmus Filtration Technologies

(Get Free Report)

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.

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