JPMorgan Chase & Co. Increases Atmus Filtration Technologies (NYSE:ATMU) Price Target to $47.00

Atmus Filtration Technologies (NYSE:ATMU) had its price target increased by JPMorgan Chase & Co. from $39.00 to $47.00 in a research report released on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.

ATMU has been the subject of a number of other reports. Robert W. Baird upped their price target on shares of Atmus Filtration Technologies from $36.00 to $37.00 and gave the stock an outperform rating in a research report on Monday, August 5th. Wells Fargo & Company upped their price target on shares of Atmus Filtration Technologies from $36.00 to $42.00 and gave the stock an overweight rating in a research report on Monday, October 7th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of Buy and an average target price of $38.80.

Atmus Filtration Technologies Stock Up 3.2 %

Shares of NYSE ATMU opened at $39.60 on Friday. Atmus Filtration Technologies has a 52-week low of $18.21 and a 52-week high of $39.76. The firm has a fifty day moving average of $35.06 and a 200-day moving average of $31.91. The stock has a market capitalization of $3.30 billion, a PE ratio of 20.20, a P/E/G ratio of 4.40 and a beta of 1.75. The company has a quick ratio of 1.30, a current ratio of 2.07 and a debt-to-equity ratio of 3.28.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings data on Friday, August 2nd. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.13. Atmus Filtration Technologies had a net margin of 10.52% and a return on equity of 187.12%. The company had revenue of $432.60 million during the quarter, compared to analysts’ expectations of $418.33 million. During the same period in the previous year, the company earned $0.63 EPS. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, analysts anticipate that Atmus Filtration Technologies will post 2.33 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Thursday, August 1st were issued a $0.05 dividend. The ex-dividend date was Thursday, August 1st. This represents a $0.20 dividend on an annualized basis and a yield of 0.51%. Atmus Filtration Technologies’s dividend payout ratio is currently 10.20%.

Insiders Place Their Bets

In other news, Director Gretchen R. Haggerty acquired 5,849 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were purchased at an average price of $34.20 per share, for a total transaction of $200,035.80. Following the acquisition, the director now directly owns 19,882 shares of the company’s stock, valued at $679,964.40. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Gretchen R. Haggerty acquired 5,849 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were purchased at an average price of $34.20 per share, for a total transaction of $200,035.80. Following the acquisition, the director now directly owns 19,882 shares of the company’s stock, valued at $679,964.40. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen E. Macadam acquired 8,250 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was purchased at an average price of $31.56 per share, for a total transaction of $260,370.00. Following the acquisition, the director now directly owns 32,083 shares in the company, valued at $1,012,539.48. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.43% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Atmus Filtration Technologies

A number of institutional investors have recently added to or reduced their stakes in ATMU. Thrivent Financial for Lutherans raised its stake in shares of Atmus Filtration Technologies by 854.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 185,745 shares of the company’s stock valued at $5,346,000 after purchasing an additional 166,274 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Atmus Filtration Technologies by 99.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 973,246 shares of the company’s stock valued at $31,387,000 after purchasing an additional 484,420 shares in the last quarter. Swiss National Bank raised its stake in shares of Atmus Filtration Technologies by 472.5% in the 1st quarter. Swiss National Bank now owns 188,349 shares of the company’s stock valued at $6,074,000 after purchasing an additional 155,449 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Atmus Filtration Technologies by 7.9% in the 4th quarter. Wellington Management Group LLP now owns 828,045 shares of the company’s stock valued at $19,451,000 after purchasing an additional 60,714 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in shares of Atmus Filtration Technologies in the 4th quarter valued at about $2,764,000. 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.