Atmus Filtration Technologies Inc. (NYSE:ATMU) Given Consensus Rating of “Moderate Buy” by Analysts

Atmus Filtration Technologies Inc. (NYSE:ATMU) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $62.00.

A number of equities research analysts have recently weighed in on the company. Wall Street Zen downgraded Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a report on Sunday, June 14th. Weiss Ratings upgraded shares of Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. lowered their price target on shares of Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating on the stock in a research report on Monday, May 4th. Wells Fargo & Company initiated coverage on shares of Atmus Filtration Technologies in a research note on Monday, August 3rd. They issued an “equal weight” rating and a $56.00 price objective for the company. Finally, Robert W. Baird cut their price objective on shares of Atmus Filtration Technologies from $66.00 to $63.00 and set an “outperform” rating for the company in a report on Monday, May 4th.

Insiders Place Their Bets

In other Atmus Filtration Technologies news, CFO Jack Kienzler sold 5,132 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $45.25, for a total transaction of $232,223.00. Following the transaction, the chief financial officer owned 75,804 shares in the company, valued at $3,430,131. This trade represents a 6.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 company’s stock in a transaction on Wednesday, August 12th. The stock was bought at an average cost of $49.78 per share, with a total value of $99,560.00. Following the completion of the acquisition, the director directly owned 40,588 shares in the company, valued at approximately $2,020,470.64. This represents a 5.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 40,110 shares of company stock valued at $1,836,804 in the last quarter. Company insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Atmus Filtration Technologies during the second quarter worth about $275,000. California State Teachers Retirement System increased its holdings in Atmus Filtration Technologies by 4,854.3% in the 2nd quarter. California State Teachers Retirement System now owns 4,828,753 shares of the company’s stock valued at $246,218,000 after buying an additional 4,731,287 shares during the period. Nykredit A S bought a new position in Atmus Filtration Technologies in the 2nd quarter valued at about $73,000. Susquehanna Fundamental Investments LLC raised its position in shares of Atmus Filtration Technologies by 839.6% in the 2nd 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Atmus Filtration Technologies by 16.1% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,476 shares of the company’s stock valued at $7,928,000 after buying an additional 21,579 shares in the last quarter. Institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Price Performance

Shares of NYSE ATMU opened at $49.61 on Wednesday. The company has a debt-to-equity ratio of 2.18, a current ratio of 2.65 and a quick ratio of 1.83. The business has a 50-day moving average of $51.36 and a 200-day moving average of $55.23. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 2.03 and a beta of 1.19. Atmus Filtration Technologies has a fifty-two week low of $42.60 and a fifty-two week high of $66.50.

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

Atmus Filtration Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Thursday, August 27th will be given a $0.06 dividend. The ex-dividend date is Thursday, August 27th. This is a positive change from Atmus Filtration Technologies’s previous quarterly dividend of $0.06. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.5%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is presently 8.43%.

Atmus Filtration Technologies Company Profile

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.