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

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

Other equities research analysts have also recently issued reports about the company. Robert W. Baird lifted their price objective on 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. upped their target price on 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 cut Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $42.00 to $45.00 in a research note on Monday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.80.

Atmus Filtration Technologies Stock Performance

Shares of ATMU traded down $0.01 during mid-day trading on Tuesday, hitting $43.09. The stock had a trading volume of 34,092 shares, compared to its average volume of 1,828,368. Atmus Filtration Technologies has a fifty-two week low of $20.44 and a fifty-two week high of $44.66. The company has a market cap of $3.58 billion, a PE ratio of 20.06, a PEG ratio of 4.79 and a beta of 1.68. The company has a quick ratio of 1.30, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. The company’s fifty day simple moving average is $38.23 and its two-hundred day simple moving average is $33.23.

Atmus Filtration Technologies (NYSE:ATMU) last issued 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 company had revenue of $404.00 million for the quarter, compared to analyst estimates of $403.40 million. Atmus Filtration Technologies had a return on equity of 134.28% and a net margin of 10.84%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 EPS. On average, equities analysts expect that Atmus Filtration Technologies will post 2.43 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Thursday, October 31st were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Thursday, October 31st. Atmus Filtration Technologies’s dividend payout ratio is currently 9.30%.

Insider Buying and Selling

In other news, Director Gretchen R. Haggerty acquired 5,849 shares of Atmus Filtration Technologies stock in a transaction that occurred on Friday, August 23rd. The stock was purchased at an average price of $34.20 per share, for a total transaction of $200,035.80. Following the purchase, the director now directly owns 19,882 shares in the company, valued at $679,964.40. The trade was a 41.68 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.43% of the stock is currently owned by corporate insiders.

Institutional Trading of Atmus Filtration Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in ATMU. SG Americas Securities LLC increased its position in Atmus Filtration Technologies by 74.2% during the first quarter. SG Americas Securities LLC now owns 10,705 shares of the company’s stock worth $345,000 after purchasing an additional 4,561 shares during the last quarter. Forsta AP Fonden purchased a new position in Atmus Filtration Technologies in the 1st quarter valued at about $334,000. Swiss National Bank increased its stake in shares of Atmus Filtration Technologies by 472.5% during the 1st quarter. Swiss National Bank now owns 188,349 shares of the company’s stock valued at $6,074,000 after acquiring an additional 155,449 shares during the last quarter. Sei Investments Co. increased its stake in shares of Atmus Filtration Technologies by 78.2% during the 1st quarter. Sei Investments Co. now owns 270,428 shares of the company’s stock valued at $8,721,000 after acquiring an additional 118,670 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in Atmus Filtration Technologies by 249,350.6% during the 1st quarter. Russell Investments Group Ltd. now owns 424,066 shares of the company’s stock worth $13,676,000 after purchasing an additional 423,896 shares in the last quarter. 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.