Atmus Filtration Technologies (NYSE:ATMU) Earns "Neutral" Rating from JPMorgan Chase & Co.

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. reissued their neutral rating on shares of Atmus Filtration Technologies (NYSE:ATMU - Free Report) in a research note issued to investors on Wednesday morning, Marketbeat.com reports. The brokerage currently has a $46.00 target price on the stock, up from their previous target price of $44.00.

ATMU has been the subject of several other reports. The Goldman Sachs Group downgraded Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 price target for the company. in a report on Tuesday, May 27th. Wall Street Zen upgraded Atmus Filtration Technologies from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 16th. Robert W. Baird increased their price objective on Atmus Filtration Technologies from $41.00 to $45.00 and gave the stock an "outperform" rating in a report on Monday, August 11th. Finally, Wells Fargo & Company increased their price objective on Atmus Filtration Technologies from $37.00 to $39.00 and gave the stock an "equal weight" rating in a report 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. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $43.80.

Atmus Filtration Technologies Trading Up 0.4%

NYSE:ATMU traded up $0.1940 during mid-day trading on Wednesday, hitting $44.1240. The company had a trading volume of 248,377 shares, compared to its average volume of 797,003. Atmus Filtration Technologies has a fifty-two week low of $30.94 and a fifty-two week high of $45.92. The business's fifty day moving average is $38.71 and its two-hundred day moving average is $37.40. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.43 and a current ratio of 2.15. The firm has a market cap of $3.62 billion, a P/E ratio of 19.52, a P/E/G ratio of 5.29 and a beta of 1.64.

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. Atmus Filtration Technologies had a return on equity of 83.23% and a net margin of 11.22%.The firm had revenue of $453.50 million for the quarter, compared to analyst estimates of $433.51 million. During the same quarter in the prior year, the firm posted $0.71 earnings per share. The company's quarterly revenue was up 4.8% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. As a group, research analysts expect that Atmus Filtration Technologies will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be paid a $0.055 dividend. This is a positive change from Atmus Filtration Technologies's previous quarterly dividend of $0.05. This represents a $0.22 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Tuesday, August 26th. Atmus Filtration Technologies's dividend payout ratio is 8.85%.

Institutional Trading of Atmus Filtration Technologies

A number of hedge funds have recently made changes to their positions in ATMU. Eminence Capital LP lifted its position in shares of Atmus Filtration Technologies by 79.0% in the fourth quarter. Eminence Capital LP now owns 4,592,614 shares of the company's stock valued at $179,939,000 after buying an additional 2,027,617 shares during the last quarter. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Atmus Filtration Technologies in the fourth quarter valued at approximately $63,949,000. Nuveen LLC acquired a new stake in shares of Atmus Filtration Technologies in the first quarter valued at approximately $48,966,000. Invesco Ltd. lifted its position in shares of Atmus Filtration Technologies by 84.8% in the first quarter. Invesco Ltd. now owns 2,157,850 shares of the company's stock valued at $79,258,000 after buying an additional 990,468 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its position in shares of Atmus Filtration Technologies by 44.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,911,153 shares of the company's stock valued at $74,879,000 after buying an additional 584,270 shares during the last quarter. 32.73% of the stock is owned by institutional investors and hedge funds.

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.