Atmus Filtration Technologies (NYSE:ATMU) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Key Points

• Atmus Filtration Technologies reported $0.75 earnings per share for the quarter, exceeding analysts' expectations by $0.10, and a revenue increase of 4.8% year-over-year.
• The company announced a quarterly dividend of $0.05, which reflects a 0.5% dividend yield and a payout ratio of 9.05%.
• Stock analysts have set new price targets, with JPMorgan raising their target to $41.00 and Goldman Sachs changing its rating from "buy" to "neutral" with a $39.00 target.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) released its quarterly earnings results on Friday. The company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.09, Zacks reports. Atmus Filtration Technologies had a return on equity of 90.08% and a net margin of 11.22%. The business had revenue of $453.50 million for the quarter, compared to analyst estimates of $433.51 million. During the same period in the prior year, the company earned $0.71 EPS. Atmus Filtration Technologies's revenue for the quarter was up 4.8% on a year-over-year basis. Atmus Filtration Technologies updated its FY 2025 guidance to 2.400-2.600 EPS.

Atmus Filtration Technologies Trading Up 1.8%

Shares of ATMU traded up $0.75 during trading hours on Tuesday, reaching $43.02. The stock had a trading volume of 244,773 shares, compared to its average volume of 786,174. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 2.12. Atmus Filtration Technologies has a 52 week low of $30.94 and a 52 week high of $45.43. The firm has a 50-day moving average of $37.35 and a 200 day moving average of $37.24. The company has a market cap of $3.56 billion, a P/E ratio of 19.04, a P/E/G ratio of 5.08 and a beta of 1.64.

Atmus Filtration Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Tuesday, June 3rd were given a $0.05 dividend. The ex-dividend date was Tuesday, June 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.5%. Atmus Filtration Technologies's dividend payout ratio is currently 8.85%.

Institutional Trading of Atmus Filtration Technologies

A number of large investors have recently made changes to their positions in ATMU. Jones Financial Companies Lllp increased its position in shares of Atmus Filtration Technologies by 143.1% in the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company's stock valued at $26,000 after buying an additional 412 shares in the last quarter. Strs Ohio bought a new position in Atmus Filtration Technologies during the 1st quarter worth about $121,000. Creative Planning increased its holdings in Atmus Filtration Technologies by 4.9% during the 2nd quarter. Creative Planning now owns 6,688 shares of the company's stock worth $244,000 after purchasing an additional 312 shares in the last quarter. Caxton Associates LLP bought a new position in Atmus Filtration Technologies during the 1st quarter worth about $283,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Atmus Filtration Technologies by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,874 shares of the company's stock worth $1,832,000 after purchasing an additional 2,176 shares in the last quarter. Institutional investors own 32.73% of the company's stock.

Analyst Upgrades and Downgrades

ATMU has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price target on Atmus Filtration Technologies from $38.00 to $41.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. The Goldman Sachs Group downgraded Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 price target on the stock. in a research note on Tuesday, May 27th. Wells Fargo & Company increased their price target on Atmus Filtration Technologies from $37.00 to $39.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 1st. Finally, Robert W. Baird increased their price target on Atmus Filtration Technologies from $41.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Atmus Filtration Technologies has an average rating of "Moderate Buy" and a consensus price target of $42.80.

Atmus Filtration Technologies Company Profile

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.