Atmus Filtration Technologies (NYSE:ATMU) Price Target Raised to $48.00

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) had its price objective boosted by equities research analysts at Robert W. Baird from $42.00 to $48.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Robert W. Baird's price objective points to a potential upside of 12.78% from the company's previous close.

Several other analysts also recently commented on ATMU. JPMorgan Chase & Co. raised their price objective on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an "overweight" rating in a research report on Friday, October 11th. Northland Securities boosted their target price on shares of Atmus Filtration Technologies from $38.00 to $49.00 and gave the company an "outperform" rating in a research note on Tuesday, October 15th. Finally, Wells Fargo & Company downgraded shares of Atmus Filtration Technologies from an "overweight" rating to an "equal weight" rating and raised their price target 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 given a buy rating to the company. According to MarketBeat, Atmus Filtration Technologies has a consensus rating of "Moderate Buy" and an average price target of $44.80.

Atmus Filtration Technologies Stock Performance

ATMU stock traded up $0.19 during trading on Tuesday, reaching $42.56. The stock had a trading volume of 741,253 shares, compared to its average volume of 1,841,499. The firm has a market cap of $3.55 billion, a PE ratio of 19.88, a PEG ratio of 5.05 and a beta of 1.68. The company has a current ratio of 2.07, a quick ratio of 1.30 and a debt-to-equity ratio of 3.28. The stock's 50 day moving average is $37.85 and its two-hundred day moving average is $33.07. Atmus Filtration Technologies has a 52 week low of $19.04 and a 52 week high of $44.66.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.09. Atmus Filtration Technologies had a net margin of 10.52% and a return on equity of 187.12%. The company had revenue of $404.00 million for the quarter, compared to the consensus estimate of $403.40 million. During the same quarter last year, the firm posted $0.52 earnings per share. The firm's revenue was up 2.0% compared to the same quarter last year. As a group, equities analysts anticipate that Atmus Filtration Technologies will post 2.34 earnings per share for the current year.

Insider Buying and Selling at Atmus Filtration Technologies

In other Atmus Filtration Technologies news, Director Gretchen R. Haggerty acquired 5,849 shares of the company's stock in a transaction dated Friday, August 23rd. The shares were purchased at an average cost of $34.20 per share, for a total transaction of $200,035.80. Following the completion of the purchase, the director now owns 19,882 shares in the company, valued at approximately $679,964.40. 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 can be accessed through this link. Insiders own 0.43% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ATMU. Eagle Asset Management Inc. acquired a new position in Atmus Filtration Technologies in the 3rd quarter worth approximately $21,635,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Atmus Filtration Technologies by 5.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 713,143 shares of the company's stock worth $26,764,000 after acquiring an additional 39,114 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Atmus Filtration Technologies in the third quarter worth about $831,000. Prospera Financial Services Inc acquired a new stake in shares of Atmus Filtration Technologies in the third quarter valued at approximately $246,000. Finally, Chesapeake Capital Corp IL purchased a new stake in shares of Atmus Filtration Technologies in the third quarter valued at about $550,000. Hedge funds and other institutional investors 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.