JPMorgan Chase & Co. Reiterates Neutral Rating for Atmus Filtration Technologies (NYSE:ATMU)

Key Points

• JPMorgan Chase & Co. has maintained a "neutral" rating on Atmus Filtration Technologies (ATMU) with a target price of $46.00, suggesting a potential upside of 4.7% from its previous close.
• Recent reports from other analysts varied, with Goldman Sachs downgrading Atmus to a "neutral" rating, while Wells Fargo increased their target from $37.00 to $39.00, and Wall Street Zen upgraded it to a "strong-buy."
• Atmus reported a quarterly EPS of $0.75, exceeding estimates, with a revenue that rose 4.8% year-over-year, and provided FY 2025 guidance of 2.400-2.600 EPS.

JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Atmus Filtration Technologies (NYSE:ATMU - Free Report) in a report released on Wednesday morning, Marketbeat.com reports. They currently have a $46.00 target price on the stock, up from their previous target price of $44.00.

A number of other research analysts also recently issued reports on ATMU. Robert W. Baird lifted their price objective 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. The Goldman Sachs Group downgraded shares of Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 price objective on the stock. in a research report on Tuesday, May 27th. Wall Street Zen raised shares of Atmus Filtration Technologies from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 16th. Finally, Wells Fargo & Company boosted their target price 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. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $43.80.

Atmus Filtration Technologies Stock Up 4.0%

Shares of Atmus Filtration Technologies stock traded up $1.68 on Wednesday, reaching $43.94. The stock had a trading volume of 791,729 shares, compared to its average volume of 892,582. The company has a 50 day moving average price of $38.71 and a 200 day moving average price of $37.44. 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 has a 1 year low of $30.94 and a 1 year high of $45.92. The stock has a market capitalization of $3.61 billion, a P/E ratio of 19.44, a P/E/G ratio of 5.08 and a beta of 1.64.

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

Atmus Filtration Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be paid a $0.055 dividend. The ex-dividend date is Tuesday, August 26th. This represents a $0.22 annualized dividend and a dividend yield of 0.5%. This is an increase from Atmus Filtration Technologies's previous quarterly dividend of $0.05. Atmus Filtration Technologies's dividend payout ratio (DPR) is presently 8.85%.

Hedge Funds Weigh In On Atmus Filtration Technologies

Several large investors have recently made changes to their positions in ATMU. LPL Financial LLC lifted its stake in shares of Atmus Filtration Technologies by 3.3% in the 4th quarter. LPL Financial LLC now owns 10,102 shares of the company's stock valued at $396,000 after purchasing an additional 326 shares during the period. Marshall Wace LLP lifted its stake in shares of Atmus Filtration Technologies by 361.7% in the 4th quarter. Marshall Wace LLP now owns 86,913 shares of the company's stock valued at $3,405,000 after purchasing an additional 68,090 shares during the period. First Trust Advisors LP lifted its stake in shares of Atmus Filtration Technologies by 196.8% in the 4th quarter. First Trust Advisors LP now owns 158,136 shares of the company's stock valued at $6,196,000 after purchasing an additional 104,855 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Atmus Filtration Technologies by 39.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 738,469 shares of the company's stock valued at $28,931,000 after purchasing an additional 208,550 shares during the period. Finally, MetLife Investment Management LLC raised its position in Atmus Filtration Technologies by 4.3% during the fourth quarter. MetLife Investment Management LLC now owns 50,595 shares of the company's stock worth $1,982,000 after acquiring an additional 2,103 shares during the period. 32.73% of the stock is currently owned by institutional investors and hedge funds.

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.