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

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

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

Atmus Filtration Technologies Stock Performance

Shares of ATMU stock opened at $42.56 on Tuesday. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 5.05 and a beta of 1.68. The company has a debt-to-equity ratio of 3.28, a quick ratio of 1.30 and a current ratio of 2.07. The company has a 50-day simple moving average of $37.85 and a 200 day simple moving average of $33.07. Atmus Filtration Technologies has a 52 week low of $19.04 and a 52 week high of $44.66.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Friday, November 8th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.52 by $0.09. Atmus Filtration Technologies had a net margin of 10.52% and a return on equity of 187.12%. The business had revenue of $404.00 million during the quarter, compared to the consensus estimate of $403.40 million. During the same quarter in the previous year, the firm posted $0.52 EPS. Atmus Filtration Technologies’s revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts predict that Atmus Filtration Technologies will post 2.34 earnings per share for the current year.

Atmus Filtration Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Thursday, October 31st will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Thursday, October 31st. Atmus Filtration Technologies’s payout ratio is presently 9.30%.

Insider Activity

In other news, Director Gretchen R. Haggerty bought 5,849 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was bought at an average cost of $34.20 per share, for a total transaction of $200,035.80. Following the transaction, the director now owns 19,882 shares of the company’s stock, valued at $679,964.40. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Atmus Filtration Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. ProShare Advisors LLC grew its holdings in shares of Atmus Filtration Technologies by 3.1% during the 2nd quarter. ProShare Advisors LLC now owns 11,282 shares of the company’s stock valued at $325,000 after purchasing an additional 344 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in Atmus Filtration Technologies by 2.8% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 12,999 shares of the company’s stock worth $374,000 after acquiring an additional 355 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in Atmus Filtration Technologies by 4.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 14,256 shares of the company’s stock valued at $535,000 after acquiring an additional 626 shares during the period. KBC Group NV increased its position in Atmus Filtration Technologies by 42.1% in the 3rd 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 period. Finally, GAMMA Investing LLC increased its position in Atmus Filtration Technologies by 89.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,641 shares of the company’s stock valued at $62,000 after acquiring an additional 774 shares during the period. 32.73% of the stock is 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.