Atmus Filtration Technologies (NYSE:ATMU) Share Price Breaks Above 50-Day Moving Average – Here’s Why

Atmus Filtration Technologies Inc. (NYSE:ATMU)’s share price crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $45.53 and traded as high as $46.48. Atmus Filtration Technologies shares last traded at $46.3320, with a volume of 677,664 shares.

Analyst Ratings Changes

Several brokerages have recently issued reports on ATMU. JPMorgan Chase & Co. reduced their price objective on Atmus Filtration Technologies from $67.00 to $54.00 and set an “overweight” rating on the stock in a research report on Thursday, October 8th. Weiss Ratings raised shares of Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Finally, Wells Fargo & Company initiated coverage on shares of Atmus Filtration Technologies in a report on Monday, August 3rd. They issued an “equal weight” rating and a $56.00 target price on the stock. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $57.67.

Atmus Filtration Technologies Trading Down 1.7%

The company has a market cap of $3.73 billion, a PE ratio of 17.49, a price-to-earnings-growth ratio of 1.96 and a beta of 1.20. The business has a 50 day simple moving average of $45.45 and a two-hundred day simple moving average of $53.09. The company has a current ratio of 2.65, a quick ratio of 1.83 and a debt-to-equity ratio of 2.18.

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

Atmus Filtration Technologies Increases Dividend

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

Insider Transactions at Atmus Filtration Technologies

In other news, 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 transaction, the insider owned 46,875 shares of the company’s stock, valued at $2,385,468.75. This represents a 7.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through 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 the business’s stock in a transaction dated Wednesday, August 12th. The shares were bought at an average price of $49.78 per share, for a total transaction of $99,560.00. Following the completion of the acquisition, the director owned 40,588 shares in the company, valued at approximately $2,020,470.64. This trade represents a 5.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On Atmus Filtration Technologies

Large investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Atmus Filtration Technologies during the 2nd quarter valued at $631,617,000. Jupiter Topco LLC acquired a new stake in Atmus Filtration Technologies in the 2nd quarter valued at $83,249,000. Port Capital LLC acquired a new stake in Atmus Filtration Technologies in the 2nd quarter valued at $52,739,000. The Manufacturers Life Insurance Company purchased a new position in Atmus Filtration Technologies in the second quarter valued at about $39,152,000. Finally, Arrowstreet Capital Limited Partnership raised its position in Atmus Filtration Technologies by 193.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 999,548 shares of the company’s stock valued at $56,744,000 after purchasing an additional 659,357 shares during the period. Hedge funds and other institutional investors own 32.73% of the company’s stock.

About Atmus Filtration Technologies

Atmus Filtration Technologies Inc (NYSE: ATMU) is a filtration products and solutions company serving the commercial vehicle, industrial, agriculture, construction, mining and power-generation markets. The company develops and manufactures filtration technologies designed to protect engines, equipment and other critical systems while supporting performance and maintenance requirements.

Atmus’s product portfolio includes air, fuel, lube and hydraulic filtration products, as well as solutions for emissions control, crankcase ventilation and coolant management.