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

Key Points

• Wells Fargo & Company has raised its price target for Atmus Filtration Technologies (NYSE:ATMU) from $42.00 to $47.00, indicating a potential upside of 2.58% from the company's previous close.
• Atmus reported earnings of $0.75 per share for the last quarter, surpassing expectations, with a revenue increase of 4.8% year-over-year.
• The stock currently holds an average rating of "Hold" with a consensus price target of $45.40, as various analysts weigh in with differing ratings.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) had its price target boosted by Wells Fargo & Company from $42.00 to $47.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Wells Fargo & Company's price objective would indicate a potential upside of 2.04% from the company's current price.

Several other brokerages have also recently issued reports on ATMU. JPMorgan Chase & Co. restated a "neutral" rating and issued a $46.00 target price (up previously from $44.00) on shares of Atmus Filtration Technologies in a report on Wednesday, August 20th. The Goldman Sachs Group cut 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 note on Tuesday, May 27th. Robert W. Baird lifted their price objective on shares of Atmus Filtration Technologies from $41.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. Finally, Wall Street Zen lowered shares of Atmus Filtration Technologies from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 24th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $45.40.

Atmus Filtration Technologies Stock Down 0.8%

Shares of Atmus Filtration Technologies stock traded down $0.38 during trading hours on Thursday, hitting $46.06. The company had a trading volume of 2,002,166 shares, compared to its average volume of 688,091. The company's 50-day moving average is $42.19 and its two-hundred day moving average is $38.26. Atmus Filtration Technologies has a twelve month low of $30.94 and a twelve month high of $47.10. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.43. The company has a market cap of $3.78 billion, a P/E ratio of 20.38, a price-to-earnings-growth ratio of 5.59 and a beta of 1.65.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its earnings results on Friday, August 8th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.09. Atmus Filtration Technologies had a net margin of 11.22% and a return on equity of 83.23%. The business had revenue of $453.50 million during the quarter, compared to analysts' expectations of $433.51 million. During the same quarter in the prior year, the business posted $0.71 EPS. The company's revenue for the quarter was up 4.8% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. Analysts anticipate that Atmus Filtration Technologies will post 2.52 earnings per share for the current fiscal year.

Institutional Trading of Atmus Filtration Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Atmus Filtration Technologies in the first quarter valued at about $876,000. SG Americas Securities LLC purchased a new stake in shares of Atmus Filtration Technologies in the first quarter valued at about $324,000. Oppenheimer Asset Management Inc. boosted its holdings in shares of Atmus Filtration Technologies by 12.2% in the first quarter. Oppenheimer Asset Management Inc. now owns 13,585 shares of the company's stock valued at $499,000 after acquiring an additional 1,482 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Atmus Filtration Technologies by 91.1% in the fourth quarter. Millennium Management LLC now owns 186,912 shares of the company's stock valued at $7,323,000 after acquiring an additional 89,107 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Atmus Filtration Technologies in the fourth quarter valued at about $260,000. Hedge funds and other institutional investors own 32.73% of the company's stock.

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.