Atmus Filtration Technologies (NYSE:ATMU) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Atmus Filtration Technologies (NYSE:ATMU - Free Report) had its price target boosted by Wells Fargo & Company from $35.00 to $37.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

ATMU has been the topic of a number of other research reports. Robert W. Baird lowered their price target on Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. JPMorgan Chase & Co. decreased their price objective on shares of 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 Price Performance

Shares of Atmus Filtration Technologies stock traded down $0.15 during trading on Monday, reaching $36.27. The company's stock had a trading volume of 881,450 shares, compared to its average volume of 905,086. The business has a 50 day moving average price of $35.57 and a 200-day moving average price of $39.00. Atmus Filtration Technologies has a 12-month low of $27.62 and a 12-month high of $45.43. The company has a market capitalization of $3.00 billion, a P/E ratio of 16.41, a price-to-earnings-growth 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.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its earnings results on Friday, May 2nd. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.59 by $0.04. The company had revenue of $110.50 million for the quarter, compared to analyst estimates of $424.03 million. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. The business's revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 EPS. As a group, sell-side analysts anticipate that Atmus Filtration Technologies will post 2.52 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Tuesday, March 4th. Atmus Filtration Technologies's dividend payout ratio is presently 9.05%.

Institutional Investors Weigh In On Atmus Filtration Technologies

Hedge funds have recently modified their holdings of the company. Geneos Wealth Management Inc. purchased a new stake in Atmus Filtration Technologies in the 4th quarter worth approximately $26,000. New Age Alpha Advisors LLC purchased a new position in Atmus Filtration Technologies during the fourth quarter worth about $32,000. Nisa Investment Advisors LLC grew its holdings in Atmus Filtration Technologies by 333.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company's stock valued at $45,000 after buying an additional 876 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Atmus Filtration Technologies by 295.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,368 shares of the company's stock worth $54,000 after acquiring an additional 1,022 shares during the period. Finally, Quarry LP grew its holdings in Atmus Filtration Technologies by 70.9% in the fourth quarter. Quarry LP now owns 1,993 shares of the company's stock valued at $78,000 after purchasing an additional 827 shares during the period. 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.