Atmus Filtration Technologies (NYSE:ATMU - Free Report) had its target price decreased by Robert W. Baird from $46.00 to $45.00 in a report issued on Monday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.
Several other research analysts have also recently issued reports on the company. Wells Fargo & Company dropped their target price on Atmus Filtration Technologies from $45.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. Northland Securities raised their price objective on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $43.00.
Check Out Our Latest Report on Atmus Filtration Technologies
Atmus Filtration Technologies Stock Performance
Atmus Filtration Technologies stock traded down $0.30 during midday trading on Monday, reaching $38.67. 780,548 shares of the company traded hands, compared to its average volume of 705,164. Atmus Filtration Technologies has a 12 month low of $22.81 and a 12 month high of $45.43. 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 business has a 50 day moving average of $40.29 and a two-hundred day moving average of $39.12. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 3.99 and a beta of 1.80.
Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced its earnings results on Friday, February 21st. The company reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.05. The business had revenue of $406.70 million during the quarter, compared to analyst estimates of $399.24 million. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. As a group, research analysts predict that Atmus Filtration Technologies will post 2.52 earnings per share for the current year.
Atmus Filtration Technologies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Tuesday, March 4th. Atmus Filtration Technologies's payout ratio is 9.05%.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. purchased a new stake in Atmus Filtration Technologies in the 4th quarter worth approximately $26,000. New Age Alpha Advisors LLC bought a new position in shares of Atmus Filtration Technologies in the fourth quarter worth approximately $32,000. Nisa Investment Advisors LLC increased its stake in shares of Atmus Filtration Technologies by 333.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company's stock worth $45,000 after purchasing an additional 876 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Atmus Filtration Technologies by 295.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,368 shares of the company's stock valued at $54,000 after purchasing an additional 1,022 shares during the period. Finally, Quarry LP lifted its stake in shares of Atmus Filtration Technologies by 70.9% during the 4th quarter. Quarry LP now owns 1,993 shares of the company's stock valued at $78,000 after buying an additional 827 shares in the last quarter. 32.73% of the stock is owned by hedge funds and other institutional investors.
About Atmus Filtration Technologies
(
Get Free Report)
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.
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