Robert W. Baird Raises Atmus Filtration Technologies (NYSE:ATMU) Price Target to $42.00

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) had its price target lifted by Robert W. Baird from $37.00 to $42.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an "outperform" rating on the stock. Robert W. Baird's price target indicates a potential upside of 5.00% from the company's current price.

ATMU has been the subject of several other reports. Northland Securities raised their price objective on shares of Atmus Filtration Technologies from $38.00 to $49.00 and gave the stock an "outperform" rating in a research report on Tuesday. Wells Fargo & Company boosted their price target on 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. increased their price objective on Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an "overweight" rating in a research report on Friday, October 11th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $42.80.

Atmus Filtration Technologies Stock Performance

NYSE:ATMU traded up $0.84 on Wednesday, hitting $40.00. The company's stock had a trading volume of 616,023 shares, compared to its average volume of 1,939,529. Atmus Filtration Technologies has a one year low of $18.21 and a one year high of $40.15. The firm has a market capitalization of $3.33 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 4.40 and a beta of 1.75. The stock has a fifty day moving average of $35.42 and a two-hundred day moving average of $32.01. The company has a current ratio of 2.07, a quick ratio of 1.30 and a debt-to-equity ratio of 3.28.

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

Insider Buying and Selling at Atmus Filtration Technologies

In other news, Director Gretchen R. Haggerty acquired 5,849 shares of the business's stock in a transaction that occurred on Friday, August 23rd. The stock was acquired at an average price of $34.20 per share, with a total value of $200,035.80. Following the completion of the transaction, the director now directly owns 19,882 shares of the company's stock, valued at $679,964.40. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Gretchen R. Haggerty acquired 5,849 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The shares were acquired 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 $679,964.40. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen E. Macadam bought 8,250 shares of the business's stock in a transaction on Wednesday, August 7th. The shares were acquired at an average price of $31.56 per share, with a total value of $260,370.00. Following the completion of the purchase, the director now directly owns 32,083 shares of the company's stock, valued at approximately $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. Insiders own 0.43% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ATMU. Investment Research & Advisory Group Inc. acquired a new stake in shares of Atmus Filtration Technologies in the 1st quarter valued at approximately $26,000. GAMMA Investing LLC boosted its position in Atmus Filtration Technologies by 103.8% in the first quarter. GAMMA Investing LLC now owns 868 shares of the company's stock valued at $28,000 after buying an additional 442 shares in the last quarter. Evermay Wealth Management LLC bought a new stake in shares of Atmus Filtration Technologies during the first quarter worth $29,000. Quarry LP acquired a new position in shares of Atmus Filtration Technologies during the second quarter worth $29,000. Finally, Rothschild Investment LLC bought a new position in shares of Atmus Filtration Technologies in the 2nd quarter valued at $68,000. Institutional investors 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.