Atmus Filtration Technologies (NYSE:ATMU) Given New $42.00 Price Target at Robert W. Baird

Atmus Filtration Technologies (NYSE:ATMU) had its price target raised by Robert W. Baird from $37.00 to $42.00 in a report released on Wednesday, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Several other equities research analysts have also weighed in on the company. Northland Securities upped their price objective on Atmus Filtration Technologies from $38.00 to $49.00 and gave the company an “outperform” rating in a research note on Tuesday. JPMorgan Chase & Co. increased their price objective on Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Finally, Wells Fargo & Company boosted their target price on shares of Atmus Filtration Technologies from $36.00 to $42.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Atmus Filtration Technologies has a consensus rating of “Buy” and an average price target of $42.80.

Atmus Filtration Technologies Stock Up 2.1 %

Shares of ATMU stock opened at $40.00 on Wednesday. Atmus Filtration Technologies has a one year low of $18.21 and a one year high of $40.15. The company has a debt-to-equity ratio of 3.28, a current ratio of 2.07 and a quick ratio of 1.30. The stock has a fifty day moving average price of $35.60 and a 200 day moving average price of $32.06. The stock has a market cap of $3.33 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 4.40 and a beta of 1.75.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings data on Friday, August 2nd. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.13. The company had revenue of $432.60 million during the quarter, compared to the consensus estimate of $418.33 million. Atmus Filtration Technologies had a net margin of 10.52% and a return on equity of 187.12%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the firm earned $0.63 EPS. Analysts predict that Atmus Filtration Technologies will post 2.33 earnings per share for the current year.

Insider Buying and Selling

In other Atmus Filtration Technologies news, Director Stephen E. Macadam acquired 8,250 shares of Atmus Filtration Technologies stock in a transaction on Wednesday, August 7th. The shares were bought at an average price of $31.56 per share, with a total value of $260,370.00. Following the completion of the purchase, the director now owns 32,083 shares in the company, valued at $1,012,539.48. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Gretchen R. Haggerty purchased 5,849 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were acquired at an average cost of $34.20 per share, with a total value of $200,035.80. Following the completion of the purchase, the director now directly owns 19,882 shares of the company’s stock, valued at $679,964.40. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen E. Macadam purchased 8,250 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was bought at an average cost of $31.56 per share, with a total value of $260,370.00. Following the acquisition, the director now owns 32,083 shares of the company’s stock, valued at $1,012,539.48. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.43% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Investment Research & Advisory Group Inc. bought a new stake in shares of Atmus Filtration Technologies during the first quarter worth $26,000. GAMMA Investing LLC increased its position in Atmus Filtration Technologies by 103.8% in the first quarter. GAMMA Investing LLC now owns 868 shares of the company’s stock worth $28,000 after purchasing an additional 442 shares during the period. Evermay Wealth Management LLC bought a new stake in Atmus Filtration Technologies during the 1st quarter worth about $29,000. Quarry LP acquired a new position in Atmus Filtration Technologies during the 2nd quarter valued at about $29,000. Finally, Rothschild Investment LLC bought a new position in shares of Atmus Filtration Technologies in the 2nd quarter valued at about $68,000. 32.73% of the stock is currently owned by institutional investors.

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.