Atmus Filtration Technologies (NYSE:ATMU) Price Target Raised to $47.00

Key Points

• JPMorgan Chase & Co. has raised its price target for Atmus Filtration Technologies from $46.00 to $47.00, indicating a potential upside of 7.90% from the current price.
• Other firms like Robert W. Baird and Wells Fargo have also increased their target prices, with a consensus rating of "Moderate Buy" and an average target price of $45.60.
• Atmus reported a quarterly EPS of $0.75, exceeding expectations, and set its fiscal year 2025 guidance between 2.400-2.600 EPS.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) had its price objective hoisted by equities research analysts at JPMorgan Chase & Co. from $46.00 to $47.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 7.90% from the company's current price.

A number of other research firms have also weighed in on ATMU. 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. Weiss Ratings restated a "buy (b-)" rating on shares of Atmus Filtration Technologies in a research note on Wednesday, October 8th. Wells Fargo & Company increased their target price on Atmus Filtration Technologies from $42.00 to $47.00 and gave the stock an "equal weight" rating in a report on Thursday, September 18th. Finally, Wall Street Zen upgraded shares of Atmus Filtration Technologies from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 20th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $45.60.

Atmus Filtration Technologies Stock Performance

Shares of NYSE ATMU traded up $0.40 during trading on Tuesday, reaching $43.56. The stock had a trading volume of 8,979 shares, compared to its average volume of 774,293. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.43 and a current ratio of 2.15. Atmus Filtration Technologies has a one year low of $30.94 and a one year high of $47.10. The firm's 50 day moving average price is $44.26 and its two-hundred day moving average price is $39.05. The stock has a market cap of $3.58 billion, a PE ratio of 19.26, a P/E/G ratio of 5.15 and a beta of 1.63.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted 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. The firm had revenue of $453.50 million during the quarter, compared to analysts' expectations of $433.51 million. Atmus Filtration Technologies had a net margin of 11.22% and a return on equity of 83.23%. Atmus Filtration Technologies's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.71 EPS. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. On average, research analysts forecast that Atmus Filtration Technologies will post 2.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Nuveen LLC bought a new position in Atmus Filtration Technologies during the first quarter valued at about $48,966,000. Eminence Capital LP grew its position in shares of Atmus Filtration Technologies by 25.4% during the 1st quarter. Eminence Capital LP now owns 5,757,054 shares of the company's stock valued at $211,457,000 after acquiring an additional 1,164,440 shares during the period. Invesco Ltd. grew its position in shares of Atmus Filtration Technologies by 84.8% during the 1st quarter. Invesco Ltd. now owns 2,157,850 shares of the company's stock valued at $79,258,000 after acquiring an additional 990,468 shares during the period. Wellington Management Group LLP grew its position in shares of Atmus Filtration Technologies by 24.5% during the 1st quarter. Wellington Management Group LLP now owns 2,425,657 shares of the company's stock valued at $89,094,000 after acquiring an additional 478,018 shares during the period. Finally, First Trust Advisors LP grew its holdings in 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 during the period. 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.

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