JPMorgan Chase & Co. Cuts Atmus Filtration Technologies (NYSE:ATMU) Price Target to $67.00

Key Points

• JPMorgan cut its price target on Atmus Filtration Technologies to $67.00 (from $70) while maintaining an "overweight" rating, implying about a 32.3% upside from the stock's previous close.
• Atmus reported a quarter-beating EPS of $0.69 (vs. $0.65) and revenue of $477.5M (+14.6% YoY), and set FY2026 guidance of 2.75–3.00 EPS, with analysts' consensus and MarketBeat showing a "Moderate Buy" average target of $56.75.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) had its target price decreased by equities researchers at JPMorgan Chase & Co. from $70.00 to $67.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target points to a potential upside of 32.32% from the company's previous close.

Several other analysts have also issued reports on the stock. Weiss Ratings restated a "buy (b-)" rating on shares of Atmus Filtration Technologies in a research report on Wednesday, January 21st. Robert W. Baird cut their price target on shares of Atmus Filtration Technologies from $66.00 to $63.00 and set an "outperform" rating for the company in a research report on Monday. Citigroup restated an "outperform" rating on shares of Atmus Filtration Technologies in a research report on Wednesday, February 18th. Wall Street Zen upgraded shares of Atmus Filtration Technologies from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Finally, Wells Fargo & Company cut their price target on shares of Atmus Filtration Technologies from $67.00 to $58.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 1st. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Atmus Filtration Technologies currently has an average rating of "Moderate Buy" and an average target price of $56.75.

Atmus Filtration Technologies Price Performance

NYSE:ATMU traded down $2.02 during midday trading on Monday, hitting $50.63. The company had a trading volume of 1,846,708 shares, compared to its average volume of 1,071,121. The stock's fifty day moving average price is $60.58 and its 200-day moving average price is $55.57. The company has a quick ratio of 1.66, a current ratio of 2.42 and a debt-to-equity ratio of 1.43. Atmus Filtration Technologies has a 52-week low of $34.58 and a 52-week high of $66.50. The company has a market capitalization of $4.14 billion, a PE ratio of 19.86, a P/E/G ratio of 2.39 and a beta of 1.47.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.04. Atmus Filtration Technologies had a net margin of 11.56% and a return on equity of 67.08%. The business had revenue of $477.50 million during the quarter, compared to analyst estimates of $474.41 million. During the same period in the prior year, the business posted $0.63 earnings per share. The company's revenue was up 14.6% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. As a group, research analysts expect that Atmus Filtration Technologies will post 2.9 earnings per share for the current year.

Hedge Funds Weigh In On Atmus Filtration Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. raised its stake in shares of Atmus Filtration Technologies by 3.4% during the first quarter. Principal Financial Group Inc. now owns 82,280 shares of the company's stock valued at $4,671,000 after acquiring an additional 2,720 shares during the last quarter. Fifth Third Bancorp bought a new position in shares of Atmus Filtration Technologies during the first quarter valued at about $2,792,000. Hsbc Holdings PLC raised its stake in shares of Atmus Filtration Technologies by 58.4% during the first quarter. Hsbc Holdings PLC now owns 39,396 shares of the company's stock valued at $2,222,000 after acquiring an additional 14,531 shares during the last quarter. Abel Hall LLC raised its stake in shares of Atmus Filtration Technologies by 16.9% during the first quarter. Abel Hall LLC now owns 4,805 shares of the company's stock valued at $273,000 after acquiring an additional 696 shares during the last quarter. Finally, New York State Teachers Retirement System bought a new position in Atmus Filtration Technologies in the first quarter worth about $437,000. 32.73% of the stock is owned by institutional investors.

About Atmus Filtration Technologies

Atmus Filtration Technologies is a global developer and manufacturer of high-performance filter media and filtration solutions. The company designs and produces advanced materials that capture airborne particles across a range of applications, from heating, ventilation and air-conditioning (HVAC) systems to industrial and cleanroom environments. By focusing on proprietary meltblown and nanofiber technologies, Atmus delivers media that balances efficiency, airflow and durability for both original equipment manufacturers (OEMs) and aftermarket customers.

The company’s product portfolio encompasses pleated and panel filter media, depth filtration products and specialty laminates used in industries such as commercial buildings, healthcare, transportation and power generation.

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