Atmus Filtration Technologies (NYSE:ATMU) Price Target Raised to $46.00

Atmus Filtration Technologies (NYSE:ATMU) had its price objective raised by JPMorgan Chase & Co. from $44.00 to $46.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

ATMU has been the subject of a number of other research reports. Robert W. Baird lowered their target price on Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. Wells Fargo & Company lowered their target price on Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating for the company in a research note on Monday, February 24th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Atmus Filtration Technologies currently has an average rating of “Moderate Buy” and an average target price of $42.80.

Atmus Filtration Technologies Stock Performance

Shares of ATMU stock opened at $37.57 on Thursday. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 3.99 and a beta of 1.83. The company has a 50 day moving average price of $39.45 and a 200 day moving average price of $39.73. Atmus Filtration Technologies has a one year low of $27.62 and a one year high of $45.43. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11.

Atmus Filtration Technologies (NYSE:ATMU) last issued its earnings results on Friday, February 21st. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. The business had revenue of $406.70 million for the quarter, compared to analyst estimates of $399.24 million. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. Sell-side analysts anticipate that Atmus Filtration Technologies will post 2.52 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Tuesday, March 4th. Atmus Filtration Technologies’s dividend payout ratio is presently 9.05%.

Institutional Trading of Atmus Filtration Technologies

Hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. bought a new stake in shares of Atmus Filtration Technologies during the 4th quarter worth about $26,000. New Age Alpha Advisors LLC acquired a new stake in Atmus Filtration Technologies in the 4th quarter valued at about $32,000. Nisa Investment Advisors LLC grew its stake in shares of Atmus Filtration Technologies by 333.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock worth $45,000 after purchasing an additional 876 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Atmus Filtration Technologies by 295.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,368 shares of the company’s stock worth $54,000 after buying an additional 1,022 shares in the last quarter. Finally, Quarry LP lifted its position in shares of Atmus Filtration Technologies by 70.9% during the 4th quarter. Quarry LP now owns 1,993 shares of the company’s stock valued at $78,000 after acquiring an additional 827 shares during the last quarter. Institutional investors 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.