Atmus Filtration Technologies (NYSE:ATMU) Sets New 1-Year High – What’s Next?

Atmus Filtration Technologies Inc. (NYSE:ATMU)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $44.99 and last traded at $44.99, with a volume of 681 shares. The stock had previously closed at $44.50.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Northland Securities increased their target price on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Robert W. Baird raised their target price on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, Wells Fargo & Company cut Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $42.00 to $45.00 in a report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.80.

Atmus Filtration Technologies Trading Up 1.2 %

The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 20.70, a P/E/G ratio of 4.84 and a beta of 1.68. The company has a fifty day simple moving average of $39.52 and a 200-day simple moving average of $33.90.

Atmus Filtration Technologies (NYSE:ATMU) last released its earnings results on Friday, November 8th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.09. The business had revenue of $404.00 million for the quarter, compared to the consensus estimate of $403.40 million. Atmus Filtration Technologies had a net margin of 10.84% and a return on equity of 134.28%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the firm posted $0.52 earnings per share. On average, research analysts forecast that Atmus Filtration Technologies Inc. will post 2.45 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Thursday, October 31st. Atmus Filtration Technologies’s dividend payout ratio (DPR) is currently 9.30%.

Institutional Investors Weigh In On Atmus Filtration Technologies

Several hedge funds have recently bought and sold shares of ATMU. Quarry LP acquired a new position in shares of Atmus Filtration Technologies in the 2nd quarter valued at about $29,000. GAMMA Investing LLC grew its position in Atmus Filtration Technologies by 89.3% during the third quarter. GAMMA Investing LLC now owns 1,641 shares of the company’s stock valued at $62,000 after purchasing an additional 774 shares in the last quarter. Rothschild Investment LLC acquired a new position in Atmus Filtration Technologies in the 2nd quarter valued at approximately $68,000. KBC Group NV lifted 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 worth $91,000 after buying an additional 718 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of Atmus Filtration Technologies during the 2nd quarter valued at $115,000. 32.73% of the stock is owned by hedge funds and other 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.