Atmus Filtration Technologies (NYSE:ATMU) Price Target Raised to $37.00 at Wells Fargo & Company

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) had its price objective increased by Wells Fargo & Company from $35.00 to $37.00 in a research report issued on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Wells Fargo & Company's target price would suggest a potential upside of 2.55% from the company's current price.

A number of other analysts also recently commented on the company. Robert W. Baird dropped their price objective on Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. JPMorgan Chase & Co. lowered their price target on Atmus Filtration Technologies from $46.00 to $38.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th.

Atmus Filtration Technologies Trading Up 2.3 %

Shares of NYSE ATMU opened at $36.08 on Monday. Atmus Filtration Technologies has a 52-week low of $27.62 and a 52-week high of $45.43. The stock has a market capitalization of $2.98 billion, a P/E ratio of 16.33, a PEG ratio of 3.99 and a beta of 1.81. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. The stock's 50 day moving average price is $35.82 and its two-hundred day moving average price is $39.10.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.59 by $0.04. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The business had revenue of $110.50 million during the quarter, compared to analyst estimates of $424.03 million. During the same period in the prior year, the company posted $0.60 EPS. The business's revenue for the quarter was down 2.3% compared to the same quarter last year. On average, analysts anticipate that Atmus Filtration Technologies will post 2.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Atmus Filtration Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in shares of Atmus Filtration Technologies by 8.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 286,098 shares of the company's stock valued at $10,737,000 after purchasing an additional 21,687 shares during the period. Norges Bank acquired a new stake in Atmus Filtration Technologies during the fourth quarter worth about $8,839,000. Assenagon Asset Management S.A. acquired a new position in Atmus Filtration Technologies during the fourth quarter valued at approximately $14,877,000. Tidal Investments LLC acquired a new position in shares of Atmus Filtration Technologies during the 3rd quarter worth $552,000. Finally, LPL Financial LLC grew its holdings in shares of Atmus Filtration Technologies by 3.3% during the 4th quarter. LPL Financial LLC now owns 10,102 shares of the company's stock valued at $396,000 after purchasing an additional 326 shares during the last quarter. 32.73% of the stock is owned by institutional investors and hedge funds.

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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