Wall Street Zen Upgrades Atmus Filtration Technologies (NYSE:ATMU) to "Strong-Buy"

Key Points

• Atmus Filtration Technologies (NYSE:ATMU) was upgraded from a "buy" to a "strong-buy" rating by Wall Street Zen, reflecting positive market sentiment.
• Goldman Sachs downgraded the stock from "buy" to "neutral," while Wells Fargo raised its target price from $42 to $47, indicating mixed analyst opinions.
• The company reported a 12-month revenue increase of 4.8% and surpassed earnings expectations with an EPS of $0.75, leading to an FY 2025 guidance of 2.400-2.600 EPS.

Wall Street Zen upgraded shares of Atmus Filtration Technologies (NYSE:ATMU - Free Report) from a buy rating to a strong-buy rating in a research note released on Saturday.

ATMU has been the subject of several other reports. Robert W. Baird boosted their price target on 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 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. The Goldman Sachs Group lowered Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 target price on the stock. in a report on Tuesday, May 27th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $46.00 target price (up from $44.00) on shares of Atmus Filtration Technologies in a report on Wednesday, August 20th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $45.40.

Atmus Filtration Technologies Trading Up 1.3%

Shares of NYSE ATMU traded up $0.61 during trading hours on Friday, hitting $46.63. 23,626 shares of the company traded hands, compared to its average volume of 793,854. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 5.53 and a beta of 1.65. The company has a current ratio of 2.15, a quick ratio of 1.43 and a debt-to-equity ratio of 1.75. The company's 50 day moving average price is $42.36 and its 200 day moving average price is $38.33. Atmus Filtration Technologies has a 12 month low of $30.94 and a 12 month high of $47.10.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last released its earnings results on Friday, August 8th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.09. The firm had revenue of $453.50 million for 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 revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. On average, equities research analysts anticipate that Atmus Filtration Technologies will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th were issued a dividend of $0.055 per share. This is a positive change from Atmus Filtration Technologies's previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Tuesday, August 26th. This represents a $0.22 dividend on an annualized basis and a yield of 0.5%. Atmus Filtration Technologies's dividend payout ratio (DPR) is presently 9.73%.

Institutional Trading of Atmus Filtration Technologies

Institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp lifted its holdings in Atmus Filtration Technologies by 143.1% during the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company's stock worth $26,000 after buying an additional 412 shares during the last quarter. SouthState Corp purchased a new stake in Atmus Filtration Technologies during the 1st quarter worth about $27,000. Bessemer Group Inc. lifted its holdings in Atmus Filtration Technologies by 31.4% during the 2nd quarter. Bessemer Group Inc. now owns 1,138 shares of the company's stock worth $42,000 after buying an additional 272 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Atmus Filtration Technologies by 93.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company's stock worth $49,000 after buying an additional 644 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in shares of Atmus Filtration Technologies by 54.8% in the 2nd quarter. Osaic Holdings Inc. now owns 2,471 shares of the company's stock valued at $90,000 after purchasing an additional 875 shares during the last quarter. 32.73% of the stock is owned by hedge funds and other 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.