Atmus Filtration Technologies (NYSE:ATMU) Given New $44.00 Price Target at JPMorgan Chase & Co.

Atmus Filtration Technologies (NYSE:ATMU - Free Report) had its price objective trimmed by JPMorgan Chase & Co. from $46.00 to $44.00 in a research note published on Tuesday,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research firms have also recently issued reports on ATMU. Wells Fargo & Company decreased their target price on Atmus Filtration Technologies from $40.00 to $39.00 and set an "equal weight" rating for the company in a research note on Monday, February 24th. Robert W. Baird decreased their price objective on Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating for the company in a research report on Monday, February 24th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $42.40.

Atmus Filtration Technologies Trading Down 2.3 %

Shares of Atmus Filtration Technologies stock traded down $0.88 during trading on Tuesday, hitting $37.43. 2,081,483 shares of the company were exchanged, compared to its average volume of 1,091,028. 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 has a market capitalization of $3.10 billion, a P/E ratio of 16.94, a price-to-earnings-growth ratio of 3.99 and a beta of 1.83. The firm's fifty day moving average price is $39.76 and its 200 day moving average price is $39.52. Atmus Filtration Technologies has a 1-year low of $27.62 and a 1-year high of $45.43.

Remove Ads

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its earnings results on Friday, February 21st. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $406.70 million during the quarter, compared to the consensus estimate 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, sell-side analysts expect that Atmus Filtration Technologies will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, March 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.53%. Atmus Filtration Technologies's dividend payout ratio is currently 9.05%.

Institutional Investors Weigh In On Atmus Filtration Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. raised its holdings in shares of Atmus Filtration Technologies by 59.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 12,195 shares of the company's stock valued at $458,000 after purchasing an additional 4,534 shares during the last quarter. KBC Group NV increased its stake in Atmus Filtration Technologies by 42.1% in the 3rd quarter. KBC Group NV now owns 2,424 shares of the company's stock valued at $91,000 after buying an additional 718 shares during the last quarter. Prospera Financial Services Inc bought a new stake in Atmus Filtration Technologies during the 3rd quarter worth about $246,000. Intech Investment Management LLC acquired a new position in shares of Atmus Filtration Technologies during the 3rd quarter worth about $831,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Atmus Filtration Technologies by 5.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 713,143 shares of the company's stock valued at $26,764,000 after acquiring an additional 39,114 shares in the last quarter. Institutional investors and hedge funds 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.