Atmus Filtration Technologies (NYSE:ATMU) Shares Cross Above Fifty Day Moving Average - Should You Sell?

Key Points

• Atmus Filtration Technologies shares rose above their 50-day moving average, trading near $46.33 versus the $45.53 average, though they remained below the 200-day average of $53.14.
• Analysts maintain a generally positive outlook, with four Buy ratings and two Holds, producing a “Moderate Buy” consensus and an average price target of $57.67.
• The company exceeded quarterly earnings and revenue expectations, raised its quarterly dividend to $0.06 per share, and reported 16.5% year-over-year revenue growth.

Atmus Filtration Technologies Inc. (NYSE:ATMU - Get Free Report) shares passed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $45.53 and traded as high as $46.48. Atmus Filtration Technologies shares last traded at $46.3320, with a volume of 677,664 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have recently commented on ATMU shares. Wells Fargo & Company assumed coverage on Atmus Filtration Technologies in a research note on Monday, August 3rd. They set an "equal weight" rating and a $56.00 price target on the stock. Weiss Ratings raised Atmus Filtration Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. Finally, JPMorgan Chase & Co. dropped their price objective on Atmus Filtration Technologies from $67.00 to $54.00 and set an "overweight" rating for the company in a research note on Thursday, October 8th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $57.67.

Atmus Filtration Technologies Stock Performance

The stock's 50-day moving average is $45.53 and its 200-day moving average is $53.14. The company has a current ratio of 2.65, a quick ratio of 1.83 and a debt-to-equity ratio of 2.18. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 17.75, a P/E/G ratio of 1.90 and a beta of 1.20.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.04. The company had revenue of $527.90 million for the quarter, compared to analyst estimates of $507.02 million. Atmus Filtration Technologies had a net margin of 11.32% and a return on equity of 59.85%. The business's quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. On average, analysts expect that Atmus Filtration Technologies Inc. will post 2.97 EPS for the current year.

Atmus Filtration Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Thursday, August 27th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.5%. This is a positive change from Atmus Filtration Technologies's previous quarterly dividend of $0.0550. The ex-dividend date was Thursday, August 27th. Atmus Filtration Technologies's dividend payout ratio (DPR) is currently 9.20%.

Insider Activity at Atmus Filtration Technologies

In other news, Director Stephen E. Macadam acquired 2,000 shares of the company's stock in a transaction that occurred on Wednesday, August 12th. The shares were acquired at an average price of $49.78 per share, with a total value of $99,560.00. Following the acquisition, the director directly owned 40,588 shares in the company, valued at approximately $2,020,470.64. The trade was a 5.18% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Renee Swan sold 3,870 shares of Atmus Filtration Technologies stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $50.89, for a total transaction of $196,944.30. Following the completion of the sale, the insider owned 46,875 shares in the company, valued at approximately $2,385,468.75. This represents a 7.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.43% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Atmus Filtration Technologies in the second quarter worth $631,617,000. First Trust Advisors LP increased its holdings in shares of Atmus Filtration Technologies by 3.3% during the first quarter. First Trust Advisors LP now owns 2,202,816 shares of the company's stock valued at $125,054,000 after purchasing an additional 70,905 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Atmus Filtration Technologies by 13.3% during the first quarter. Janus Henderson Group PLC now owns 1,551,117 shares of the company's stock valued at $88,104,000 after purchasing an additional 181,792 shares during the period. Jupiter Topco LLC bought a new stake in shares of Atmus Filtration Technologies during the second quarter valued at about $83,249,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Atmus Filtration Technologies by 3.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,302,972 shares of the company's stock valued at $73,959,000 after purchasing an additional 45,138 shares in the last quarter. Institutional investors own 32.73% of the company's stock.

About Atmus Filtration Technologies

Atmus Filtration Technologies Inc NYSE: ATMU is a filtration products and solutions company serving the commercial vehicle, industrial, agriculture, construction, mining and power-generation markets. The company develops and manufactures filtration technologies designed to protect engines, equipment and other critical systems while supporting performance and maintenance requirements.

Atmus's product portfolio includes air, fuel, lube and hydraulic filtration products, as well as solutions for emissions control, crankcase ventilation and coolant management.

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