Atmus Filtration Technologies (NYSE:ATMU) Stock Price Target Lowered at JPMorgan Chase & Co.

Atmus Filtration Technologies (NYSE:ATMU) had its price objective dropped by equities research analysts at JPMorgan Chase & Co. from $67.00 to $54.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 26.69% from the company’s previous close.

Several other research firms have also recently issued reports on ATMU. Weiss Ratings cut Atmus Filtration Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Wall Street Zen lowered Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a report on Sunday, June 14th. Finally, Wells Fargo & Company began coverage on Atmus Filtration Technologies in a research note on Monday, August 3rd. They issued an “equal weight” rating and a $56.00 price target for the company. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $57.67.

Atmus Filtration Technologies Stock Down 3.4%

Atmus Filtration Technologies stock traded down $1.50 during trading hours on Thursday, hitting $42.62. The stock had a trading volume of 1,082,121 shares, compared to its average volume of 916,043. The stock’s 50-day moving average price is $47.78 and its 200-day moving average price is $51.80. The stock has a market capitalization of $3.48 billion, a P/E ratio of 16.33, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20. Atmus Filtration Technologies has a 12-month low of $40.75 and a 12-month high of $66.50. The company has a quick ratio of 1.83, a current ratio of 2.65 and a debt-to-equity ratio of 2.18.

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

Insider Buying and Selling at Atmus Filtration Technologies

In related news, insider Renee Swan sold 3,870 shares of Atmus Filtration Technologies stock in a transaction on Monday, August 17th. The stock was sold at an average price of $50.89, for a total value of $196,944.30. Following the completion of the sale, the insider owned 46,875 shares of the company’s stock, valued at $2,385,468.75. The trade was a 7.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Stephen E. Macadam acquired 2,000 shares of Atmus Filtration Technologies stock in a transaction that occurred on 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 of the company’s stock, valued at $2,020,470.64. The trade was a 5.18% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.43% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Tidal Investments LLC grew its stake in shares of Atmus Filtration Technologies by 2.6% during the 2nd quarter. Tidal Investments LLC now owns 123,691 shares of the company’s stock valued at $6,307,000 after purchasing an additional 3,119 shares during the period. Nykredit A S bought a new position in shares of Atmus Filtration Technologies in the 2nd quarter worth approximately $73,000. Parkside Financial Bank & Trust boosted its holdings in shares of Atmus Filtration Technologies by 252.2% in the second quarter. Parkside Financial Bank & Trust now owns 1,409 shares of the company’s stock worth $72,000 after buying an additional 1,009 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Atmus Filtration Technologies in the second quarter worth approximately $275,000. Finally, Susquehanna Fundamental Investments LLC grew its position in Atmus Filtration Technologies by 839.6% during the second quarter. Susquehanna Fundamental Investments LLC now owns 85,218 shares of the company’s stock valued at $4,345,000 after buying an additional 76,148 shares during the period. 32.73% of the stock is owned by hedge funds and other institutional investors.

About Atmus Filtration Technologies

Atmus Filtration Technologies Inc (NYSE: ATMU) is a filtration solutions company that develops, manufactures and distributes products for commercial vehicles, off-highway equipment, power generation systems and industrial applications. The company serves original equipment manufacturers, distributors and customers in the aftermarket.

Its product portfolio includes air, fuel, lube, hydraulic and coolant filtration systems, as well as products designed to support emissions control and other engine and equipment performance needs.