Atmus Filtration Technologies (NYSE:ATMU) Price Target Increased to $42.00 by Analysts at Robert W. Baird

Atmus Filtration Technologies (NYSE:ATMU) had its target price boosted by Robert W. Baird from $37.00 to $42.00 in a research note published on Wednesday morning, Benzinga reports. They currently have an outperform rating on the stock.

A number of other brokerages have also issued reports on ATMU. Wells Fargo & Company lifted their target price on shares of Atmus Filtration Technologies from $36.00 to $42.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Northland Securities boosted their target price on Atmus Filtration Technologies from $38.00 to $49.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. upped their target price on Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $42.80.

Atmus Filtration Technologies Price Performance

ATMU opened at $40.00 on Wednesday. Atmus Filtration Technologies has a 12-month low of $18.21 and a 12-month high of $40.15. The company has a quick ratio of 1.30, a current ratio of 2.07 and a debt-to-equity ratio of 3.28. The firm has a market capitalization of $3.33 billion, a P/E ratio of 20.41, a PEG ratio of 4.40 and a beta of 1.75. The stock has a fifty day moving average of $35.60 and a 200-day moving average of $32.06.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings data on Friday, August 2nd. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.13. The firm had revenue of $432.60 million during the quarter, compared to analyst estimates of $418.33 million. Atmus Filtration Technologies had a return on equity of 187.12% and a net margin of 10.52%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company posted $0.63 EPS. Equities analysts forecast that Atmus Filtration Technologies will post 2.33 EPS for the current fiscal year.

Insider Activity at Atmus Filtration Technologies

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Investment Research & Advisory Group Inc. bought a new position in shares of Atmus Filtration Technologies in the first quarter worth about $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 valued at $28,000 after acquiring 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 worth $29,000. Quarry LP bought a new position in Atmus Filtration Technologies during the second quarter worth $29,000. Finally, Rothschild Investment LLC acquired a new stake in Atmus Filtration Technologies in the 2nd quarter worth $68,000. 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.