Analysts Set Atmus Filtration Technologies Inc. (NYSE:ATMU) PT at $62.00

Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $62.00.

ATMU has been the topic of several research analyst reports. Wall Street Zen cut shares of Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, June 14th. Wells Fargo & Company assumed coverage on shares of Atmus Filtration Technologies in a research report on Monday, August 3rd. They set an “equal weight” rating and a $56.00 price target for the company. Finally, Weiss Ratings downgraded shares of Atmus Filtration Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th.

Insiders Place Their Bets

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 transaction, the insider owned 46,875 shares in the company, valued at approximately $2,385,468.75. This trade represents a 7.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Stephen E. Macadam purchased 2,000 shares of the stock in a transaction on Wednesday, August 12th. The shares were purchased at an average cost 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. This trade represents a 5.18% increase in their position. 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 modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Atmus Filtration Technologies by 16.1% during 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 worth $7,928,000 after purchasing an additional 21,579 shares in the last quarter. Marathon Partners Equity Management LLC purchased a new position in Atmus Filtration Technologies in the second quarter valued at approximately $3,926,000. Goldman Sachs Group Inc. lifted its position in Atmus Filtration Technologies by 5.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,200,311 shares of the company’s stock valued at $166,128,000 after buying an additional 163,659 shares in the last quarter. Royce & Associates LP lifted its position in Atmus Filtration Technologies by 2.7% during the fourth quarter. Royce & Associates LP now owns 667,812 shares of the company’s stock valued at $34,666,000 after buying an additional 17,740 shares in the last quarter. Finally, California State Teachers Retirement System grew its stake in Atmus Filtration Technologies by 24.0% during the first quarter. California State Teachers Retirement System now owns 97,466 shares of the company’s stock worth $5,533,000 after buying an additional 18,890 shares during the period. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

Atmus Filtration Technologies Price Performance

Shares of NYSE:ATMU opened at $45.48 on Friday. The company has a market cap of $3.71 billion, a P/E ratio of 17.43, a P/E/G ratio of 1.88 and a beta of 1.17. The business has a fifty day simple moving average of $49.44 and a 200-day simple moving average of $52.80. Atmus Filtration Technologies has a 52 week low of $42.60 and a 52 week 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 released its 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. The firm had revenue of $527.90 million for 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 firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.75 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. Equities research analysts forecast that Atmus Filtration Technologies will post 2.97 EPS for the current year.

Atmus Filtration Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Thursday, August 27th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $0.24 annualized dividend and a dividend yield of 0.5%. This is a boost from Atmus Filtration Technologies’s previous quarterly dividend of $0.06. Atmus Filtration Technologies’s dividend payout ratio is presently 9.20%.

About Atmus Filtration Technologies

Atmus Filtration Technologies Inc (NYSE: ATMU) designs, manufactures and distributes filtration products and solutions for commercial vehicles, off-highway equipment, power generation systems and industrial applications. Its offerings help protect engines and other critical components by removing contaminants from air, fuel, lubricants, hydraulic fluids and coolants.

The company markets products under the Fleetguard brand and serves original equipment manufacturers, distributors, fleet operators and aftermarket customers.