Atmus Filtration Technologies Inc. (NYSE:ATMU) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Atmus Filtration Technologies (NYSE:ATMU) has received a consensus rating of "Hold" from five analysts, with three holding and two offering a buy recommendation.
• The company reported strong quarterly earnings with a net revenue of $453.5 million, surpassing expectations and showing a 4.8% year-over-year increase.
• Atmus has announced an increase in its quarterly dividend, raising it from $0.05 to $0.055, which reflects a dividend yield of 0.5%.

Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Get Free Report) have been assigned an average rating of "Hold" from the five brokerages that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $43.80.

Several equities research analysts have commented on the company. The Goldman Sachs Group downgraded Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 target price on the stock. in a report on Tuesday, May 27th. Wells Fargo & Company boosted their target price on Atmus Filtration Technologies from $37.00 to $39.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 1st. Wall Street Zen downgraded Atmus Filtration Technologies from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 24th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $46.00 target price (up from $44.00) on shares of Atmus Filtration Technologies in a report on Wednesday, August 20th. Finally, Robert W. Baird boosted their target price on Atmus Filtration Technologies from $41.00 to $45.00 and gave the stock an "outperform" rating in a report on Monday, August 11th.

Atmus Filtration Technologies Stock Up 0.9%

ATMU stock traded up $0.44 during midday trading on Wednesday, hitting $46.81. The stock had a trading volume of 85,680 shares, compared to its average volume of 787,655. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.43. The business has a 50-day moving average of $41.39 and a two-hundred day moving average of $37.98. Atmus Filtration Technologies has a 52-week low of $30.94 and a 52-week high of $47.10. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 20.72, a price-to-earnings-growth ratio of 5.58 and a beta of 1.65.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last released its earnings results on Friday, August 8th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.66 by $0.09. Atmus Filtration Technologies had a return on equity of 83.23% and a net margin of 11.22%.The business had revenue of $453.50 million for the quarter, compared to the consensus estimate of $433.51 million. During the same period in the previous year, the company posted $0.71 earnings per share. The company's revenue for the quarter 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, equities research analysts forecast that Atmus Filtration Technologies will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th were issued a dividend of $0.055 per share. The ex-dividend date of this dividend was Tuesday, August 26th. This is an increase 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 dividend payout ratio is currently 9.73%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ATMU. Nuveen LLC bought a new position in shares of Atmus Filtration Technologies during the first quarter valued at $48,966,000. Eminence Capital LP lifted its holdings in shares of Atmus Filtration Technologies by 25.4% during the first quarter. Eminence Capital LP now owns 5,757,054 shares of the company's stock valued at $211,457,000 after purchasing an additional 1,164,440 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Atmus Filtration Technologies by 84.8% during the first quarter. Invesco Ltd. now owns 2,157,850 shares of the company's stock valued at $79,258,000 after purchasing an additional 990,468 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Atmus Filtration Technologies by 24.5% during the first quarter. Wellington Management Group LLP now owns 2,425,657 shares of the company's stock valued at $89,094,000 after purchasing an additional 478,018 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Atmus Filtration Technologies by 73.2% during the second quarter. First Trust Advisors LP now owns 1,024,574 shares of the company's stock valued at $37,315,000 after purchasing an additional 433,166 shares in the last quarter. 32.73% of the stock is owned by institutional investors.

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.