Wells Fargo & Company Issues Pessimistic Forecast for Atmus Filtration Technologies (NYSE:ATMU) Stock Price

Atmus Filtration Technologies (NYSE:ATMU - Free Report) had its price target trimmed by Wells Fargo & Company from $45.00 to $40.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other analysts also recently issued reports on ATMU. JPMorgan Chase & Co. boosted their price objective 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. Robert W. Baird upped their target price on Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Finally, Northland Securities raised their price target on Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Atmus Filtration Technologies currently has an average rating of "Moderate Buy" and an average price target of $43.80.

Atmus Filtration Technologies Trading Down 0.3 %

Shares of Atmus Filtration Technologies stock traded down $0.10 on Tuesday, hitting $39.34. 712,752 shares of the company's stock traded hands, compared to its average volume of 620,513. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35. The firm's 50-day moving average price is $41.16 and its two-hundred day moving average price is $36.35. The stock has a market capitalization of $3.27 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 4.42 and a beta of 1.80. Atmus Filtration Technologies has a one year low of $21.09 and a one year high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.09. The company had revenue of $404.00 million during 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 company's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 EPS. On average, research analysts expect that Atmus Filtration Technologies will post 2.45 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Thursday, October 31st. Atmus Filtration Technologies's dividend payout ratio is 9.30%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP acquired a new stake in Atmus Filtration Technologies during the 2nd quarter worth about $29,000. GAMMA Investing LLC lifted its stake in Atmus Filtration Technologies by 89.3% in the third quarter. GAMMA Investing LLC now owns 1,641 shares of the company's stock valued at $62,000 after buying an additional 774 shares during the period. KBC Group NV lifted its position in shares of Atmus Filtration Technologies by 42.1% during the 3rd quarter. KBC Group NV now owns 2,424 shares of the company's stock valued at $91,000 after acquiring an additional 718 shares during the period. Daiwa Securities Group Inc. bought a new position in Atmus Filtration Technologies during the second quarter worth $134,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in Atmus Filtration Technologies in the second quarter valued at $220,000. 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.