Atmus Filtration Technologies (NYSE:ATMU) Price Target Raised to $60.00

Key Points

• JPMorgan raised its price target on Atmus Filtration Technologies from $54 to $60 and maintained an “overweight” rating, implying 8.75% upside from the prior close.
• Analyst sentiment is moderately positive: MarketBeat reports an average “Moderate Buy” rating and a $59.67 average price target.
• Atmus beat quarterly estimates, reporting $0.77 earnings per share versus $0.73 expected and $510 million in revenue, up 13.9% year over year. Shares rose 9% on Monday.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) had its target price raised by analysts at JPMorgan Chase & Co. from $54.00 to $60.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 8.75% from the stock's previous close.

Other equities analysts have also issued reports about the stock. 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. Wells Fargo & Company initiated 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 on the stock. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $59.67.

Atmus Filtration Technologies Stock Up 9.0%

NYSE ATMU traded up $4.57 during trading hours on Monday, reaching $55.17. 502,414 shares of the company's stock were exchanged, compared to its average volume of 890,753. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.73 and a current ratio of 2.56. The company has a market capitalization of $4.50 billion, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 2.13 and a beta of 1.17. The company's 50-day moving average is $45.34 and its two-hundred day moving average is $52.89. Atmus Filtration Technologies has a one year low of $40.75 and a one year high of $66.50.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced its quarterly earnings results on Friday, November 6th. The company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.04. The firm had revenue of $510.00 million for the quarter, compared to analyst estimates of $501.59 million. Atmus Filtration Technologies had a net margin of 11.26% and a return on equity of 55.47%. The business's revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.900-3.050 EPS. On average, analysts forecast that Atmus Filtration Technologies will post 2.97 EPS for the current fiscal year.

Insider Transactions at Atmus Filtration Technologies

In other Atmus Filtration Technologies news, insider Renee Swan sold 3,870 shares of the firm's stock in a transaction that occurred 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 transaction, the insider directly owned 46,875 shares in the company, valued at $2,385,468.75. This trade represents a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 purchased 2,000 shares of the stock in a transaction on Wednesday, August 12th. The shares were bought at an average cost of $49.78 per share, for a total transaction of $99,560.00. Following the transaction, the director directly owned 40,588 shares in the company, valued at approximately $2,020,470.64. The trade was a 5.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.43% of the stock is currently owned by insiders.

Institutional Trading of Atmus Filtration Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in ATMU. BlackRock Inc. acquired a new position in shares of Atmus Filtration Technologies during the 2nd quarter worth about $631,617,000. First Trust Advisors LP raised its holdings in shares of Atmus Filtration Technologies by 3.3% in the 1st quarter. First Trust Advisors LP now owns 2,202,816 shares of the company's stock valued at $125,054,000 after purchasing an additional 70,905 shares during the period. Janus Henderson Group PLC lifted its stake in Atmus Filtration Technologies by 13.3% in the 1st quarter. Janus Henderson Group PLC now owns 1,551,117 shares of the company's stock valued at $88,104,000 after purchasing an additional 181,792 shares during the last quarter. Jupiter Topco LLC acquired a new stake in Atmus Filtration Technologies in the 2nd quarter valued at about $83,249,000. Finally, Dimensional Fund Advisors LP grew its holdings in Atmus Filtration Technologies by 3.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,302,972 shares of the company's stock worth $73,959,000 after purchasing an additional 45,138 shares during the period. 32.73% of the stock is owned by institutional investors.

Atmus Filtration Technologies Company Profile

Atmus Filtration Technologies designs, manufactures and distributes filtration products and solutions for equipment and engines. Its offerings include air, fuel, lubricating-oil, hydraulic and coolant filtration, as well as crankcase ventilation and emissions-related products. The company markets many of its products under the Fleetguard brand.

Atmus serves customers in markets including on-highway transportation, agriculture, construction, mining, marine, power generation and industrial equipment.

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