Wells Fargo & Company Increases Atmus Filtration Technologies (NYSE:ATMU) Price Target to $42.00

Atmus Filtration Technologies (NYSE:ATMU) had its price objective raised by research analysts at Wells Fargo & Company from $36.00 to $42.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 9.40% from the company’s previous close.

Separately, Robert W. Baird boosted their price target on Atmus Filtration Technologies from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $37.00.

Atmus Filtration Technologies Price Performance

ATMU traded up $0.27 during trading on Monday, reaching $38.39. 451,679 shares of the stock were exchanged, compared to its average volume of 1,983,768. The business’s 50 day moving average price is $34.25 and its two-hundred day moving average price is $31.61. The company has a debt-to-equity ratio of 3.28, a current ratio of 2.07 and a quick ratio of 1.30. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 19.59, a P/E/G ratio of 4.21 and a beta of 1.75. Atmus Filtration Technologies has a 1 year low of $18.21 and a 1 year high of $38.99.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings results on Friday, August 2nd. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $432.60 million during the quarter, compared to analysts’ expectations of $418.33 million. During the same period in the previous year, the firm posted $0.63 earnings per share. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Atmus Filtration Technologies will post 2.33 earnings per share for the current year.

Insider Activity at Atmus Filtration Technologies

In other news, Director Gretchen R. Haggerty purchased 5,849 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was purchased at an average cost of $34.20 per share, with a total value of $200,035.80. Following the purchase, the director now owns 19,882 shares in the company, valued at $679,964.40. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Stephen E. Macadam acquired 8,250 shares of Atmus Filtration Technologies stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average cost of $31.56 per share, with a total value of $260,370.00. Following the purchase, 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gretchen R. Haggerty acquired 5,849 shares of Atmus Filtration Technologies stock in a transaction dated 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 owns 19,882 shares in the company, valued at approximately $679,964.40. This represents 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

A number of hedge funds have recently modified their holdings of ATMU. The Manufacturers Life Insurance Company lifted its holdings in shares of Atmus Filtration Technologies by 8.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 685,729 shares of the company’s stock valued at $16,108,000 after purchasing an additional 55,291 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Atmus Filtration Technologies by 0.7% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 1,946,220 shares of the company’s stock valued at $45,717,000 after purchasing an additional 13,120 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of 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 in the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Atmus Filtration Technologies in the fourth quarter valued at $2,764,000. Finally, ST Germain D J Co. Inc. purchased a new stake in shares of Atmus Filtration Technologies in the first quarter valued at $145,000. 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.