Northland Securities Increases Atmus Filtration Technologies (NYSE:ATMU) Price Target to $49.00

Atmus Filtration Technologies (NYSE:ATMU) had its target price lifted by Northland Securities from $38.00 to $49.00 in a research note released on Tuesday, Benzinga reports. They currently have an outperform rating on the stock.

Several other research firms have also recently commented on ATMU. Robert W. Baird raised their price target on Atmus Filtration Technologies from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, August 5th. JPMorgan Chase & Co. increased their price target on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Finally, Wells Fargo & Company upped their price objective on Atmus Filtration Technologies from $36.00 to $42.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $42.80.

Atmus Filtration Technologies Stock Performance

NYSE:ATMU opened at $39.79 on Tuesday. Atmus Filtration Technologies has a 12-month low of $18.21 and a 12-month high of $40.29. The company has a current ratio of 2.07, a quick ratio of 1.30 and a debt-to-equity ratio of 3.28. The stock’s 50 day simple moving average is $35.89 and its 200-day simple moving average is $32.17. The firm has a market cap of $3.32 billion, a P/E ratio of 20.30, a PEG ratio of 4.40 and a beta of 1.75.

Atmus Filtration Technologies (NYSE:ATMU) last released its earnings results on Friday, August 2nd. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.58 by $0.13. The company had revenue of $432.60 million during the quarter, compared to analysts’ expectations of $418.33 million. Atmus Filtration Technologies had a net margin of 10.52% and a return on equity of 187.12%. The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business earned $0.63 EPS. Equities analysts anticipate that Atmus Filtration Technologies will post 2.33 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Thursday, October 31st will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.50%. Atmus Filtration Technologies’s payout ratio is 10.20%.

Insider Buying and Selling at Atmus Filtration Technologies

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

Institutional Investors Weigh In On Atmus Filtration Technologies

Several large investors have recently made changes to their positions in ATMU. Investment Research & Advisory Group Inc. purchased a new stake in Atmus Filtration Technologies during the 1st quarter worth $26,000. GAMMA Investing LLC boosted its position in shares of Atmus Filtration Technologies by 103.8% in the first quarter. GAMMA Investing LLC now owns 868 shares of the company’s stock worth $28,000 after buying an additional 442 shares during the period. Evermay Wealth Management LLC acquired a new stake in shares of Atmus Filtration Technologies in the first quarter valued at about $29,000. Quarry LP purchased a new stake in shares of Atmus Filtration Technologies during the 2nd quarter valued at about $29,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Atmus Filtration Technologies during the 2nd quarter valued at about $68,000. Institutional investors and hedge funds 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.