Northland Securities Boosts Atmus Filtration Technologies (NYSE:ATMU) Price Target to $49.00

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) had its price target boosted by analysts at Northland Securities from $38.00 to $49.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Northland Securities' target price would indicate a potential upside of 25.13% from the stock's previous close.

Several other research firms also recently issued reports on ATMU. Robert W. Baird increased their price objective on shares of Atmus Filtration Technologies from $36.00 to $37.00 and gave the company an "outperform" rating in a report on Monday, August 5th. Wells Fargo & Company raised their price target on shares of Atmus Filtration Technologies from $36.00 to $42.00 and gave the company an "overweight" rating in a research note on Monday, October 7th. Finally, JPMorgan Chase & Co. boosted their price objective on Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an "overweight" rating in a research note on Friday. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $41.80.

Atmus Filtration Technologies Price Performance

Shares of ATMU stock traded down $0.29 during mid-day trading on Tuesday, hitting $39.16. 412,578 shares of the stock were exchanged, compared to its average volume of 1,946,179. Atmus Filtration Technologies has a 52-week low of $18.21 and a 52-week high of $40.00. The company has a quick ratio of 1.30, a current ratio of 2.07 and a debt-to-equity ratio of 3.28. The company has a market cap of $3.26 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 4.40 and a beta of 1.75. The firm has a fifty day moving average of $35.25 and a 200 day moving average of $31.96.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its quarterly earnings results on Friday, August 2nd. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.13. The company had revenue of $432.60 million for the quarter, compared to the consensus estimate of $418.33 million. Atmus Filtration Technologies had a return on equity of 187.12% and a net margin of 10.52%. Atmus Filtration Technologies's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.63 earnings per share. Research analysts anticipate that Atmus Filtration Technologies will post 2.33 earnings per share for the current year.

Insider Buying and Selling at Atmus Filtration Technologies

In related news, Director Stephen E. Macadam purchased 8,250 shares of the company's stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average cost of $31.56 per share, for a total transaction of $260,370.00. Following the completion of the transaction, the director now directly owns 32,083 shares of the company's stock, valued at approximately $1,012,539.48. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Gretchen R. Haggerty bought 5,849 shares of Atmus Filtration Technologies stock in a transaction on Friday, August 23rd. The shares were bought at an average cost of $34.20 per share, with a total value of $200,035.80. Following the completion of the purchase, the director now directly owns 19,882 shares of the company's stock, valued at approximately $679,964.40. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen E. Macadam bought 8,250 shares of the firm's stock in a transaction on Wednesday, August 7th. The stock was purchased at an average price of $31.56 per share, for a total transaction of $260,370.00. Following the completion of the acquisition, the director now directly owns 32,083 shares in the company, valued at $1,012,539.48. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.43% of the stock is owned by insiders.

Institutional Trading of Atmus Filtration Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Thrivent Financial for Lutherans boosted its stake in Atmus Filtration Technologies by 854.0% during the second quarter. Thrivent Financial for Lutherans now owns 185,745 shares of the company's stock worth $5,346,000 after buying an additional 166,274 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Atmus Filtration Technologies by 99.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 973,246 shares of the company's stock worth $31,387,000 after purchasing an additional 484,420 shares during the period. Swiss National Bank increased its holdings in Atmus Filtration Technologies by 472.5% in the 1st quarter. Swiss National Bank now owns 188,349 shares of the company's stock valued at $6,074,000 after purchasing an additional 155,449 shares during the last quarter. Wellington Management Group LLP raised its position in Atmus Filtration Technologies by 7.9% in the fourth quarter. Wellington Management Group LLP now owns 828,045 shares of the company's stock valued at $19,451,000 after purchasing an additional 60,714 shares during the period. Finally, Nomura Holdings Inc. acquired a new position in Atmus Filtration Technologies during the fourth quarter worth $2,764,000. 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.