Atmus Filtration Technologies (NYSE:ATMU) Price Target Raised to $50.00

Atmus Filtration Technologies (NYSE:ATMU) had its price objective increased by Northland Securities from $49.00 to $50.00 in a research note published on Tuesday,Benzinga reports. Northland Securities currently has an outperform rating on the stock.

Several other research firms have also recently commented on ATMU. Robert W. Baird raised their target price on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an “outperform” rating in a research report on Tuesday. Wells Fargo & Company cut shares of Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $42.00 to $45.00 in a report on Monday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, October 11th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Atmus Filtration Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $44.80.

Atmus Filtration Technologies Trading Down 0.0 %

ATMU stock traded down $0.01 during midday trading on Tuesday, hitting $43.09. The stock had a trading volume of 34,092 shares, compared to its average volume of 1,828,368. Atmus Filtration Technologies has a 1-year low of $20.44 and a 1-year high of $44.66. The company has a current ratio of 2.11, a quick ratio of 1.30 and a debt-to-equity ratio of 2.61. The firm has a market cap of $3.58 billion, a P/E ratio of 20.06, a price-to-earnings-growth ratio of 4.79 and a beta of 1.68. The business has a fifty day moving average price of $38.23 and a two-hundred day moving average price of $33.23.

Atmus Filtration Technologies (NYSE:ATMU) last released its earnings results on Friday, November 8th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.09. The firm had revenue of $404.00 million for the quarter, compared to analysts’ expectations of $403.40 million. Atmus Filtration Technologies had a net margin of 10.84% and a return on equity of 134.28%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.52 earnings per share. On average, sell-side analysts predict that Atmus Filtration Technologies will post 2.43 earnings per share for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Thursday, October 31st were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date was Thursday, October 31st. Atmus Filtration Technologies’s dividend payout ratio is presently 9.30%.

Insider Activity

In other news, Director Gretchen R. Haggerty purchased 5,849 shares of the stock in a transaction dated Friday, August 23rd. The shares were purchased at an average price of $34.20 per share, with a total value of $200,035.80. Following the transaction, the director now owns 19,882 shares in the company, valued at $679,964.40. The trade was a 41.68 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.43% of the company’s stock.

Institutional Trading of Atmus Filtration Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of ATMU. Evermay Wealth Management LLC purchased a new stake in shares of Atmus Filtration Technologies during the first quarter worth approximately $29,000. Quarry LP purchased a new position in Atmus Filtration Technologies in the second quarter worth $29,000. GAMMA Investing LLC increased its position in shares of Atmus Filtration Technologies by 89.3% in the third quarter. GAMMA Investing LLC now owns 1,641 shares of the company’s stock valued at $62,000 after buying an additional 774 shares in the last quarter. Rothschild Investment LLC purchased a new position in shares of Atmus Filtration Technologies in the second quarter valued at $68,000. Finally, KBC Group NV boosted its stake in shares of Atmus Filtration Technologies by 42.1% during the third quarter. KBC Group NV now owns 2,424 shares of the company’s stock valued at $91,000 after acquiring an additional 718 shares during the last quarter. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

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.