Atmus Filtration Technologies Inc. (NYSE:ATMU) Receives $42.80 Consensus Price Target from Analysts

Key Points

• Atmus Filtration Technologies Inc. has been assigned a consensus rating of "Moderate Buy" by five analysts, with target prices ranging from $39.00 to $45.00.
• The company reported quarterly earnings of $0.75 per share, surpassing analysts' expectations, alongside a revenue of $453.50 million, indicating a year-over-year increase of 4.8%.
• A quarterly dividend of $0.055 per share will be issued to stockholders, raising the annualized dividend to $0.22 and increasing its yield to 0.5%.

Atmus Filtration Technologies Inc. (NYSE:ATMU - Get Free Report) has been given an average rating of "Hold" by the five ratings firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $43.80.

A number of equities analysts have weighed in on the stock. Wells Fargo & Company upped their price objective on shares of Atmus Filtration Technologies from $37.00 to $39.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Wall Street Zen upgraded shares of Atmus Filtration Technologies from a "hold" rating to a "strong-buy" rating in a research report on Saturday. JPMorgan Chase & Co. restated a "neutral" rating and set a $46.00 price objective (up from $44.00) on shares of Atmus Filtration Technologies in a research report on Wednesday. The Goldman Sachs Group cut shares of Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 price objective for the company. in a research report on Tuesday, May 27th. Finally, Robert W. Baird upped their price objective on shares of Atmus Filtration Technologies from $41.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, August 11th.

Institutional Investors Weigh In On Atmus Filtration Technologies

A number of large investors have recently modified their holdings of the business. Jones Financial Companies Lllp grew its holdings in shares of Atmus Filtration Technologies by 143.1% in the first quarter. Jones Financial Companies Lllp now owns 700 shares of the company's stock valued at $26,000 after purchasing an additional 412 shares during the period. SouthState Corp purchased a new stake in shares of Atmus Filtration Technologies in the first quarter valued at about $27,000. Bessemer Group Inc. grew its holdings in shares of Atmus Filtration Technologies by 31.4% in the second quarter. Bessemer Group Inc. now owns 1,138 shares of the company's stock valued at $42,000 after purchasing an additional 272 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of Atmus Filtration Technologies by 93.6% in the second quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company's stock valued at $49,000 after purchasing an additional 644 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Atmus Filtration Technologies by 295.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,368 shares of the company's stock valued at $54,000 after purchasing an additional 1,022 shares during the period. Hedge funds and other institutional investors own 32.73% of the company's stock.

Atmus Filtration Technologies Stock Performance

NYSE ATMU traded down $1.7040 on Friday, hitting $42.2160. 1,219,815 shares of the company's stock traded hands, compared to its average volume of 839,187. The company has a current ratio of 2.15, a quick ratio of 1.43 and a debt-to-equity ratio of 1.75. Atmus Filtration Technologies has a 1-year low of $30.94 and a 1-year high of $45.92. The firm's 50-day moving average price is $38.42 and its two-hundred day moving average price is $37.41. The firm has a market capitalization of $3.47 billion, a PE ratio of 18.68, a P/E/G ratio of 5.28 and a beta of 1.64.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09. Atmus Filtration Technologies had a net margin of 11.22% and a return on equity of 83.23%. The business had revenue of $453.50 million during the quarter, compared to analysts' expectations of $433.51 million. During the same period in the previous year, the business posted $0.71 EPS. The business's quarterly revenue was up 4.8% compared to the same quarter last year. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. As a group, analysts expect that Atmus Filtration Technologies will post 2.52 EPS for the current year.

Atmus Filtration Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Tuesday, August 26th. This is a positive change from Atmus Filtration Technologies's previous quarterly dividend of $0.05. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.5%. Atmus Filtration Technologies's payout ratio is currently 8.85%.

About Atmus Filtration Technologies

Atmus Filtration Technologies Inc designs, manufactures, and sells filtration products under the Fleetguard brand name in North America, Europe, South America, Asia, Australia, Africa, and internationally. The company offers fuel filters, lube filters, air filters, crankcase ventilation, hydraulic filters, coolants, and fuel additives, as well as other chemicals; and fuel water separators and other filtration systems to original equipment manufacturers, dealers/distributors, and end-users.