Atmus Filtration Technologies (NYSE:ATMU) Given New $37.00 Price Target at Robert W. Baird

Atmus Filtration Technologies (NYSE:ATMU) had its target price boosted by Robert W. Baird from $36.00 to $37.00 in a research note published on Monday morning, Benzinga reports. They currently have an outperform rating on the stock.

Other equities research analysts have also issued research reports about the stock. Wells Fargo & Company cut their target price on shares of Atmus Filtration Technologies from $37.00 to $36.00 and set an overweight rating on the stock in a research note on Monday, May 6th. JPMorgan Chase & Co. boosted their price objective on shares of Atmus Filtration Technologies from $36.00 to $38.00 and gave the stock an overweight rating in a research note on Monday, April 15th. Finally, The Goldman Sachs Group boosted their price objective on shares of Atmus Filtration Technologies from $30.00 to $34.00 and gave the stock a buy rating in a research note on Tuesday, April 16th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of Buy and an average price target of $35.80.

Atmus Filtration Technologies Trading Up 2.4 %

Shares of ATMU traded up $0.73 during trading hours on Monday, reaching $30.91. 887,478 shares of the company traded hands, compared to its average volume of 2,291,021. The company’s fifty day moving average price is $29.39 and its two-hundred day moving average price is $28.02. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 3.67 and a beta of 1.74. The company has a quick ratio of 1.27, a current ratio of 2.00 and a debt-to-equity ratio of 4.83. Atmus Filtration Technologies has a 12 month low of $18.21 and a 12 month high of $33.70.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Friday, August 2nd. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.13. The firm had revenue of $432.60 million for the quarter, compared to analyst estimates of $418.33 million. Atmus Filtration Technologies had a net margin of 10.03% and a return on equity of 314.52%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.63 EPS. Equities research analysts predict that Atmus Filtration Technologies will post 2.26 earnings per share for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Thursday, August 1st will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $0.20 annualized dividend and a dividend yield of 0.65%. Atmus Filtration Technologies’s dividend payout ratio is presently 10.20%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ATMU. Vanguard Group Inc. raised its holdings in shares of Atmus Filtration Technologies by 73.5% during the third quarter. Vanguard Group Inc. now owns 1,664,828 shares of the company’s stock valued at $34,712,000 after purchasing an additional 705,018 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Atmus Filtration Technologies during the fourth quarter valued at approximately $144,000. Raymond James & Associates raised its holdings in shares of Atmus Filtration Technologies by 13.1% during the fourth quarter. Raymond James & Associates now owns 15,352 shares of the company’s stock valued at $361,000 after purchasing an additional 1,783 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Atmus Filtration Technologies by 4.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 488,826 shares of the company’s stock valued at $11,483,000 after purchasing an additional 19,225 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Atmus Filtration Technologies during the fourth quarter valued at approximately $119,000. Institutional investors own 32.73% of the company’s stock.

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.