Atmus Filtration Technologies (NYSE:ATMU) Reaches New 12-Month High - Here's What Happened

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) hit a new 52-week high during trading on Thursday . The company traded as high as $46.53 and last traded at $46.64, with a volume of 378801 shares trading hands. The stock had previously closed at $45.51.

Analyst Ratings Changes

ATMU has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 price objective on the stock. in a research note on Tuesday, May 27th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $46.00 price target (up from $44.00) on shares of Atmus Filtration Technologies in a research note on Wednesday, August 20th. Wall Street Zen lowered Atmus Filtration Technologies from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 24th. Robert W. Baird boosted their price target on 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, Wells Fargo & Company boosted their price target on Atmus Filtration Technologies from $37.00 to $39.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 1st. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $43.80.

Atmus Filtration Technologies Stock Performance

The stock has a market cap of $3.81 billion, a P/E ratio of 20.51, a P/E/G ratio of 5.58 and a beta of 1.65. The company has a fifty day moving average price of $41.73 and a 200 day moving average price of $38.08. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.43.

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

Atmus Filtration Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th were issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 0.5%. This is an increase 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 is currently 9.73%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. boosted its position in Atmus Filtration Technologies by 54.8% in the second quarter. Osaic Holdings Inc. now owns 2,471 shares of the company's stock worth $90,000 after purchasing an additional 875 shares during the last quarter. Squarepoint Ops LLC boosted its position in Atmus Filtration Technologies by 465.7% in the second quarter. Squarepoint Ops LLC now owns 210,521 shares of the company's stock worth $7,667,000 after purchasing an additional 173,305 shares during the last quarter. State of Wyoming boosted its position in Atmus Filtration Technologies by 55.3% in the second quarter. State of Wyoming now owns 16,495 shares of the company's stock worth $601,000 after purchasing an additional 5,871 shares during the last quarter. Geneos Wealth Management Inc. boosted its position 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 worth $49,000 after purchasing an additional 644 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Atmus Filtration Technologies by 70.8% in the second quarter. Tower Research Capital LLC TRC now owns 14,246 shares of the company's stock worth $519,000 after purchasing an additional 5,907 shares during the last quarter. 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.