Atmus Filtration Technologies (NYSE:ATMU) Price Target Raised to $47.00 at JPMorgan Chase & Co.

by · The Cerbat Gem

Atmus Filtration Technologies (NYSE:ATMU – Get Free Report) had its price target hoisted by equities research analysts at JPMorgan Chase & Co. from $39.00 to $47.00 in a report issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 22.43% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Robert W. Baird increased their price objective on Atmus Filtration Technologies from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Wells Fargo & Company lifted their price objective on shares of Atmus Filtration Technologies from $36.00 to $42.00 and gave the company an “overweight” rating in a research report on Monday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $38.80.

Get Our Latest Research Report on ATMU

Atmus Filtration Technologies Trading Down 0.1 %

Shares of NYSE:ATMU opened at $38.39 on Friday. The company’s 50-day moving average price is $34.89 and its two-hundred day moving average price is $31.84. Atmus Filtration Technologies has a one year low of $18.21 and a one year high of $39.08. The company has a debt-to-equity ratio of 3.28, a current ratio of 2.07 and a quick ratio of 1.30. The stock has a market capitalization of $3.20 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 4.40 and a beta of 1.75.

Atmus Filtration Technologies (NYSE:ATMU – Get Free Report) last released its earnings results on Friday, August 2nd. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.13. Atmus Filtration Technologies had a return on equity of 187.12% and a net margin of 10.52%. The business had revenue of $432.60 million for the quarter, compared to analyst estimates of $418.33 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. Atmus Filtration Technologies’s revenue was up 4.6% on a year-over-year basis. On average, equities analysts forecast that Atmus Filtration Technologies will post 2.33 EPS for the current fiscal year.

Insider Buying and Selling at Atmus Filtration Technologies

In related news, Director Gretchen R. Haggerty bought 5,849 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was bought at an average price of $34.20 per share, for a total transaction of $200,035.80. Following the purchase, the director now owns 19,882 shares in the company, valued at $679,964.40. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Stephen E. Macadam bought 8,250 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was bought at an average price of $31.56 per share, with a total value of $260,370.00. Following the completion of the acquisition, the director now owns 32,083 shares of the company’s stock, valued at $1,012,539.48. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gretchen R. Haggerty purchased 5,849 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was acquired at an average price of $34.20 per share, for a total transaction of $200,035.80. Following the completion of the purchase, the director now directly owns 19,882 shares of the company’s stock, valued at $679,964.40. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.43% of the company’s stock.

Institutional Trading of Atmus Filtration Technologies

A number of institutional investors have recently bought and sold shares of the business. ProShare Advisors LLC raised its position in shares of Atmus Filtration Technologies by 3.1% in the second quarter. ProShare Advisors LLC now owns 11,282 shares of the company’s stock valued at $325,000 after buying an additional 344 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in Atmus Filtration Technologies by 2.8% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 12,999 shares of the company’s stock valued at $374,000 after acquiring an additional 355 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Atmus Filtration Technologies by 103.8% during the 1st quarter. GAMMA Investing LLC now owns 868 shares of the company’s stock valued at $28,000 after acquiring an additional 442 shares during the period. Investment Research & Advisory Group Inc. acquired a new stake in shares of Atmus Filtration Technologies during the 1st quarter worth $26,000. Finally, Evermay Wealth Management LLC bought a new position in shares of Atmus Filtration Technologies in the first quarter worth $29,000. Institutional investors own 32.73% of the company’s stock.

About Atmus Filtration Technologies

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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.

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