Atmus Filtration Technologies (NYSE:ATMU) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Atmus Filtration Technologies (NYSE:ATMU) had its price objective raised by Robert W. Baird from $42.00 to $48.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

ATMU has been the topic of several other research reports. Northland Securities boosted their price target on Atmus Filtration Technologies from $38.00 to $49.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Wells Fargo & Company lowered Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $42.00 to $45.00 in a research note on Monday. Finally, JPMorgan Chase & Co. boosted their price target on Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, October 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Atmus Filtration Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $44.80.

Atmus Filtration Technologies Trading Down 0.0 %

ATMU stock traded down $0.01 during midday trading on Tuesday, hitting $43.09. 34,092 shares of the company’s stock were exchanged, 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 business has a 50-day simple moving average of $38.23 and a two-hundred day simple moving average of $33.23. The stock has a market capitalization of $3.58 billion, a PE ratio of 20.06, a P/E/G ratio of 4.79 and a beta of 1.68. The company has a current ratio of 2.11, a quick ratio of 1.30 and a debt-to-equity ratio of 2.61.

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

Atmus Filtration Technologies Dividend Announcement

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

Insider Buying and Selling

In related news, Director Gretchen R. Haggerty purchased 5,849 shares of the stock in a transaction dated Friday, August 23rd. The shares were acquired at an average cost of $34.20 per share, for a total transaction of $200,035.80. Following the acquisition, the director now directly owns 19,882 shares in the company, valued at approximately $679,964.40. The trade was a 41.68 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.43% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Atmus Filtration Technologies

Several institutional investors and hedge funds have recently modified their holdings of ATMU. Evermay Wealth Management LLC acquired a new position in Atmus Filtration Technologies during the 1st quarter worth $29,000. Quarry LP bought a new stake in Atmus Filtration Technologies during the second quarter worth about $29,000. GAMMA Investing LLC grew its stake in Atmus Filtration Technologies by 89.3% during the third quarter. GAMMA Investing LLC now owns 1,641 shares of the company’s stock worth $62,000 after buying an additional 774 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of Atmus Filtration Technologies during the second quarter worth approximately $68,000. Finally, KBC Group NV lifted its position 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 worth $91,000 after purchasing an additional 718 shares in the last quarter. Institutional investors and hedge funds 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.