Atmus Filtration Technologies Inc. (NYSE:ATMU) Receives Consensus Recommendation of "Hold" from 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%.

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

A number of research firms recently commented on ATMU. Wells Fargo & Company raised their price target 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. Robert W. Baird raised their target price on shares of Atmus Filtration Technologies from $41.00 to $45.00 and gave the stock an "outperform" rating in a report on Monday, August 11th. The Goldman Sachs Group downgraded shares of Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 price target for the company. in a research report on Tuesday, May 27th. Wall Street Zen downgraded Atmus Filtration Technologies from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 24th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $46.00 price objective (up from $44.00) on shares of Atmus Filtration Technologies in a report on Wednesday, August 20th.

Hedge Funds Weigh In On Atmus Filtration Technologies

Several hedge funds have recently bought and sold shares of ATMU. Osaic Holdings Inc. lifted its holdings in shares of Atmus Filtration Technologies by 54.8% during the 2nd quarter. Osaic Holdings Inc. now owns 2,471 shares of the company's stock worth $90,000 after acquiring an additional 875 shares during the period. Squarepoint Ops LLC raised its position in Atmus Filtration Technologies by 465.7% during the second quarter. Squarepoint Ops LLC now owns 210,521 shares of the company's stock valued at $7,667,000 after purchasing an additional 173,305 shares in the last quarter. State of Wyoming lifted its stake in Atmus Filtration Technologies by 55.3% during the second quarter. State of Wyoming now owns 16,495 shares of the company's stock worth $601,000 after purchasing an additional 5,871 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Atmus Filtration Technologies by 93.6% in the 2nd 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 in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Atmus Filtration Technologies by 70.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 14,246 shares of the company's stock valued at $519,000 after purchasing an additional 5,907 shares during the last quarter. 32.73% of the stock is owned by institutional investors.

Atmus Filtration Technologies Stock Performance

NYSE:ATMU opened at $45.42 on Wednesday. The stock has a 50 day simple moving average of $40.88 and a 200 day simple moving average of $37.83. The stock has a market cap of $3.73 billion, a P/E ratio of 20.10, a PEG ratio of 5.56 and a beta of 1.65. Atmus Filtration Technologies has a 1-year low of $30.94 and a 1-year high of $46.53. 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 (NYSE:ATMU - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The company reported $0.75 earnings per share 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 firm had revenue of $453.50 million for the quarter, compared to analysts' expectations of $433.51 million. The company's quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.71 EPS. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. Research analysts anticipate that Atmus Filtration Technologies will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 0.5%. This is a boost from Atmus Filtration Technologies's previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, August 26th. Atmus Filtration Technologies's payout ratio is presently 9.73%.

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.

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