Atmus Filtration Technologies (NYSE:ATMU) Reaches New 12-Month High - Should You Buy?

Key Points

• Atmus Filtration Technologies’ stock reached a new 52-week high at $46.64 after trading volume of 378,801 shares.
• Analysts display a mixed view with a consensus rating of "Hold", and average price target set at $43.80.
• The company reported earnings per share (EPS) of $0.75 for the recent quarter, surpassing estimates, with a revenue increase of 4.8% year-over-year.

Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $46.53 and last traded at $46.64, with a volume of 378801 shares traded. The stock had previously closed at $45.51.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ATMU shares. JPMorgan Chase & Co. reissued a "neutral" rating and set a $46.00 price target (up previously from $44.00) on shares of Atmus Filtration Technologies in a research report on Wednesday, August 20th. Robert W. Baird raised their price target on shares of Atmus Filtration Technologies from $41.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, August 11th. Wells Fargo & Company raised their price target on shares of Atmus Filtration Technologies from $37.00 to $39.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Wall Street Zen downgraded shares of Atmus Filtration Technologies from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 24th. Finally, The Goldman Sachs Group downgraded 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 report on Tuesday, May 27th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $43.80.

Atmus Filtration Technologies Price Performance

The company has a 50 day moving average of $41.04 and a 200-day moving average of $37.88. The stock has a market capitalization of $3.83 billion, a P/E ratio of 20.65, a PEG ratio of 5.47 and a beta of 1.65. The company has a quick ratio of 1.43, a current ratio of 2.15 and a debt-to-equity ratio of 1.75.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.09. Atmus Filtration Technologies had a return on equity of 83.23% and a net margin of 11.22%.The firm had revenue of $453.50 million for the quarter, compared to analysts' expectations of $433.51 million. During the same period last year, the business posted $0.71 earnings per share. The firm'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. Sell-side analysts predict that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th were paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 0.5%. This is a boost from Atmus Filtration Technologies's previous quarterly dividend of $0.05. The ex-dividend date was Tuesday, August 26th. Atmus Filtration Technologies's dividend payout ratio (DPR) is 9.73%.

Institutional Investors Weigh In On Atmus Filtration Technologies

A number of hedge funds have recently added to or reduced their stakes in ATMU. Jones Financial Companies Lllp lifted its stake in Atmus Filtration Technologies by 143.1% in the first quarter. Jones Financial Companies Lllp now owns 700 shares of the company's stock valued at $26,000 after buying an additional 412 shares during the last quarter. SouthState Corp bought a new stake in Atmus Filtration Technologies in the first quarter valued at $27,000. Bessemer Group Inc. lifted its stake in Atmus Filtration Technologies by 31.4% in the second quarter. Bessemer Group Inc. now owns 1,138 shares of the company's stock valued at $42,000 after buying an additional 272 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Atmus Filtration Technologies by 93.6% in the second quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company's stock valued at $49,000 after buying an additional 644 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in Atmus Filtration Technologies by 54.8% in the second quarter. Osaic Holdings Inc. now owns 2,471 shares of the company's stock valued at $90,000 after buying an additional 875 shares during the last quarter. 32.73% of the stock is currently owned by institutional investors.

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.

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