Atmus Filtration Technologies (NYSE:ATMU) Price Target Raised to $41.00

Atmus Filtration Technologies (NYSE:ATMU - Free Report) had its price target boosted by JPMorgan Chase & Co. from $38.00 to $41.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other analysts have also issued reports on ATMU. Robert W. Baird dropped their price objective on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. Wells Fargo & Company lifted their price target on shares of Atmus Filtration Technologies from $35.00 to $37.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th.

Atmus Filtration Technologies Stock Down 0.4 %

Atmus Filtration Technologies stock traded down $0.15 during trading on Monday, reaching $36.27. 881,450 shares of the company's stock were exchanged, compared to its average volume of 905,086. Atmus Filtration Technologies has a 52-week low of $27.62 and a 52-week high of $45.43. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 3.99 and a beta of 1.81. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11. The company's 50-day moving average is $35.57 and its two-hundred day moving average is $39.00.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its earnings results on Friday, May 2nd. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.04. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The company had revenue of $110.50 million during the quarter, compared to the consensus estimate of $424.03 million. During the same quarter in the prior year, the business earned $0.60 earnings per share. The company's revenue was down 2.3% compared to the same quarter last year. On average, analysts predict that Atmus Filtration Technologies will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Tuesday, March 4th. Atmus Filtration Technologies's dividend payout ratio (DPR) is currently 9.05%.

Institutional Trading of Atmus Filtration Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC acquired a new position in Atmus Filtration Technologies during the 3rd quarter worth $552,000. JPMorgan Chase & Co. grew its stake in Atmus Filtration Technologies by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 286,098 shares of the company's stock worth $10,737,000 after purchasing an additional 21,687 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Atmus Filtration Technologies in the fourth quarter valued at about $14,877,000. Nisa Investment Advisors LLC increased its holdings in Atmus Filtration Technologies by 333.1% in the fourth 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 last quarter. Finally, Geneos Wealth Management Inc. acquired a new stake in Atmus Filtration Technologies during the fourth quarter valued at approximately $26,000. 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.