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

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

ATMU has been the subject of a number of other research reports. Wells Fargo & Company downgraded Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $42.00 to $45.00 in a research report on Monday, November 11th. JPMorgan Chase & Co. raised their target price on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Finally, Robert W. Baird upped their price target on Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an “outperform” rating in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $44.80.

Atmus Filtration Technologies Price Performance

Shares of Atmus Filtration Technologies stock opened at $43.26 on Tuesday. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 4.79 and a beta of 1.68. The firm has a fifty day simple moving average of $38.43 and a 200-day simple moving average of $33.29. 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.

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

Atmus Filtration Technologies Announces Dividend

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

Insider Transactions at Atmus Filtration Technologies

In other news, Director Gretchen R. Haggerty acquired 5,849 shares of Atmus Filtration Technologies stock in a transaction on Friday, August 23rd. The stock was purchased at an average price of $34.20 per share, with a total value of $200,035.80. Following the completion of the purchase, the director now owns 19,882 shares of the company’s stock, valued at approximately $679,964.40. The trade was a 41.68 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On Atmus Filtration Technologies

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Atmus Filtration Technologies by 366.5% during the 1st quarter. Vanguard Group Inc. now owns 8,080,641 shares of the company’s stock worth $260,601,000 after purchasing an additional 6,348,391 shares in the last quarter. Parsifal Capital Management LP raised its holdings in shares of Atmus Filtration Technologies by 2.2% during the 3rd quarter. Parsifal Capital Management LP now owns 2,721,278 shares of the company’s stock valued at $102,130,000 after buying an additional 58,478 shares in the last quarter. Wellington Management Group LLP boosted its stake in Atmus Filtration Technologies by 1.7% in the third quarter. Wellington Management Group LLP now owns 2,517,338 shares of the company’s stock worth $94,476,000 after buying an additional 43,004 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Atmus Filtration Technologies by 38.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,088,496 shares of the company’s stock worth $67,355,000 after buying an additional 583,078 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Atmus Filtration Technologies by 2.8% during the second quarter. American Century Companies Inc. now owns 1,981,937 shares of the company’s stock valued at $57,040,000 after buying an additional 54,051 shares during the last quarter. 32.73% of the stock is currently owned by 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.