Atmus Filtration Technologies (NYSE:ATMU) Price Target Lowered to $36.00 at Wells Fargo & Company

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) had its price objective dropped by analysts at Wells Fargo & Company from $37.00 to $36.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has an "overweight" rating on the stock. Wells Fargo & Company's price objective would suggest a potential upside of 21.25% from the company's previous close.

Other equities analysts have also issued reports about the company. Robert W. Baird lifted their price objective on Atmus Filtration Technologies from $29.00 to $37.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 17th. Northland Securities raised shares of Atmus Filtration Technologies from a "market perform" rating to an "outperform" rating and set a $34.00 price objective for the company in a research report on Wednesday, March 20th. JPMorgan Chase & Co. lifted their target price on Atmus Filtration Technologies from $36.00 to $38.00 and gave the stock an "overweight" rating in a research report on Monday, April 15th. Finally, The Goldman Sachs Group upped their price target on Atmus Filtration Technologies from $30.00 to $34.00 and gave the company a "buy" rating in a report on Tuesday, April 16th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, Atmus Filtration Technologies currently has an average rating of "Buy" and a consensus target price of $34.00.

Atmus Filtration Technologies Stock Up 4.4 %

NYSE ATMU traded up $1.25 on Monday, reaching $29.69. The stock had a trading volume of 2,515,370 shares, compared to its average volume of 3,120,372. The company has a current ratio of 1.85, a quick ratio of 1.18 and a debt-to-equity ratio of 7.34. Atmus Filtration Technologies has a 1 year low of $18.21 and a 1 year high of $33.70. The business has a 50 day moving average price of $29.04 and a 200 day moving average price of $24.50. The company has a market capitalization of $2.47 billion and a price-to-earnings ratio of 15.15.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its earnings results on Friday, May 3rd. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.59 by $0.01. Atmus Filtration Technologies had a net margin of 10.03% and a return on equity of 482.30%. The company had revenue of $426.60 million during the quarter, compared to the consensus estimate of $416.18 million. The firm's quarterly revenue was up 1.9% compared to the same quarter last year. On average, analysts forecast that Atmus Filtration Technologies will post 2.24 EPS for the current fiscal year.

Institutional Investors Weigh In On Atmus Filtration Technologies

A number of hedge funds have recently made changes to their positions in ATMU. Franklin Resources Inc. boosted its stake in Atmus Filtration Technologies by 1.1% in the fourth quarter. Franklin Resources Inc. now owns 2,602,746 shares of the company's stock worth $61,139,000 after purchasing an additional 29,568 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in Atmus Filtration Technologies by 0.7% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 1,946,220 shares of the company's stock valued at $45,717,000 after acquiring an additional 13,120 shares in the last quarter. Weiss Asset Management LP raised its stake in shares of Atmus Filtration Technologies by 5.6% in the fourth quarter. Weiss Asset Management LP now owns 1,931,182 shares of the company's stock worth $45,363,000 after acquiring an additional 102,479 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Atmus Filtration Technologies by 73.5% in the third quarter. Vanguard Group Inc. now owns 1,664,828 shares of the company's stock worth $34,712,000 after acquiring an additional 705,018 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Atmus Filtration Technologies by 193.9% during the third quarter. FMR LLC now owns 1,077,043 shares of the company's stock worth $22,456,000 after purchasing an additional 710,540 shares in the last quarter. Institutional investors and hedge funds own 32.73% of the company's stock.

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.