Atmus Filtration Technologies (NYSE:ATMU) Given New $58.00 Price Target at Wells Fargo & Company

Atmus Filtration Technologies (NYSE:ATMU) had its price objective cut by equities researchers at Wells Fargo & Company from $67.00 to $58.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential downside of 0.37% from the stock’s previous close.

Several other brokerages have also commented on ATMU. Citigroup restated an “outperform” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, February 18th. Robert W. Baird lowered their target price on Atmus Filtration Technologies from $69.00 to $66.00 and set an “outperform” rating for the company in a research note on Monday. Zacks Research raised Atmus Filtration Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. JPMorgan Chase & Co. increased their price objective on shares of Atmus Filtration Technologies from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Finally, Wall Street Zen upgraded shares of Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $56.75.

Atmus Filtration Technologies Stock Performance

ATMU traded up $1.44 during trading hours on Wednesday, hitting $58.21. The company’s stock had a trading volume of 151,668 shares, compared to its average volume of 766,359. The firm has a market capitalization of $4.75 billion, a PE ratio of 23.28, a PEG ratio of 2.47 and a beta of 1.48. The company has a current ratio of 2.42, a quick ratio of 1.66 and a debt-to-equity ratio of 1.43. The company has a 50-day simple moving average of $60.20 and a 200 day simple moving average of $53.00. Atmus Filtration Technologies has a fifty-two week low of $30.94 and a fifty-two week high of $66.50.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Friday, February 13th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.09. The business had revenue of $446.60 million during the quarter, compared to analysts’ expectations of $422.25 million. Atmus Filtration Technologies had a return on equity of 69.78% and a net margin of 11.76%.The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the business posted $0.58 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. As a group, sell-side analysts expect that Atmus Filtration Technologies will post 2.52 EPS for the current year.

Hedge Funds Weigh In On Atmus Filtration Technologies

Several large investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp boosted its holdings in Atmus Filtration Technologies by 143.1% in the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock worth $26,000 after buying an additional 412 shares during the period. Essex Investment Management Co. LLC bought a new stake in Atmus Filtration Technologies during the 4th quarter worth approximately $37,000. PNC Financial Services Group Inc. lifted its stake in Atmus Filtration Technologies by 87.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 849 shares of the company’s stock worth $44,000 after purchasing an additional 397 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Atmus Filtration Technologies by 1,498.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 959 shares of the company’s stock worth $50,000 after acquiring an additional 899 shares during the last quarter. Finally, Kemnay Advisory Services Inc. purchased a new stake in Atmus Filtration Technologies in the fourth quarter valued at approximately $52,000. 32.73% of the stock is currently owned by institutional investors.

About Atmus Filtration Technologies

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.