Atmus Filtration Technologies (NYSE:ATMU) Stock Breaks Above 200-Day Moving Average - Time to Sell?

Atmus Filtration Technologies Inc. (NYSE:ATMU - Get Free Report) passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $52.87 and traded as high as $55.46. Atmus Filtration Technologies shares last traded at $55.02, with a volume of 982,824 shares.

Analysts Set New Price Targets

ATMU has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their price target on Atmus Filtration Technologies from $54.00 to $60.00 and gave the company an "overweight" rating in a report on Monday. Wells Fargo & Company assumed coverage on shares of Atmus Filtration Technologies in a research report on Monday, August 3rd. They issued an "equal weight" rating and a $56.00 price objective on the stock. Finally, Weiss Ratings upgraded shares of Atmus Filtration Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $59.67.

Atmus Filtration Technologies Price Performance

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 capitalization of $4.49 billion, a PE ratio of 20.45, a PEG ratio of 2.01 and a beta of 1.17. The business has a fifty day moving average price of $45.49 and a 200-day moving average price of $52.87.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last released its earnings results on Friday, November 6th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.73 by $0.04. The company had revenue of $510.00 million for the quarter, compared to analyst estimates of $501.59 million. Atmus Filtration Technologies had a net margin of 11.32% and a return on equity of 59.85%. The firm's quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.900-3.050 EPS. Research analysts expect that Atmus Filtration Technologies Inc. will post 2.97 EPS for the current fiscal year.

Atmus Filtration Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Thursday, August 27th were given a dividend of $0.06 per share. The ex-dividend date was Thursday, August 27th. This is a positive change from Atmus Filtration Technologies's previous quarterly dividend of $0.0550. This represents a $0.24 annualized dividend and a yield of 0.4%. Atmus Filtration Technologies's dividend payout ratio (DPR) is currently 8.92%.

Insider Activity

In related news, Director Stephen E. Macadam acquired 2,000 shares of Atmus Filtration Technologies stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average cost of $49.78 per share, with a total value of $99,560.00. Following the completion of the purchase, the director owned 40,588 shares of the company's stock, valued at $2,020,470.64. This represents a 5.18% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Renee Swan sold 3,870 shares of the firm's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $50.89, for a total value of $196,944.30. Following the transaction, the insider directly owned 46,875 shares in the company, valued at $2,385,468.75. This trade represents a 7.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 0.43% of the company's stock.

Hedge Funds Weigh In On Atmus Filtration Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Atmus Filtration Technologies by 16.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,476 shares of the company's stock valued at $7,928,000 after acquiring an additional 21,579 shares during the last quarter. Marathon Partners Equity Management LLC purchased a new stake in Atmus Filtration Technologies in the second quarter worth about $3,926,000. Castleark Management LLC bought a new position in shares of Atmus Filtration Technologies during the 1st quarter valued at approximately $6,776,000. California State Teachers Retirement System increased its holdings in Atmus Filtration Technologies by 24.0% in the 1st quarter. California State Teachers Retirement System now owns 97,466 shares of the company's stock worth $5,533,000 after acquiring an additional 18,890 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Atmus Filtration Technologies by 33.8% during the 1st quarter. Bank of America Corp DE now owns 893,577 shares of the company's stock worth $50,728,000 after acquiring an additional 225,601 shares during the period. 32.73% of the stock is currently owned by institutional investors.

Atmus Filtration Technologies Company Profile

Atmus Filtration Technologies designs, manufactures and distributes filtration products and solutions for equipment and engines. Its offerings include air, fuel, lubricating-oil, hydraulic and coolant filtration, as well as crankcase ventilation and emissions-related products. The company markets many of its products under the Fleetguard brand.

Atmus serves customers in markets including on-highway transportation, agriculture, construction, mining, marine, power generation and industrial equipment.

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