Atmus Filtration Technologies (NYSE:ATMU) Given New $45.00 Price Target at Robert W. Baird

Atmus Filtration Technologies (NYSE:ATMU) had its price target lowered by Robert W. Baird from $46.00 to $45.00 in a research note published on Monday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other equities analysts also recently issued reports on the company. Northland Securities raised their price target on Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Wells Fargo & Company dropped their target price on Atmus Filtration Technologies from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.00.

Atmus Filtration Technologies Price Performance

Shares of NYSE:ATMU opened at $38.37 on Monday. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 4.14 and a beta of 1.80. The business has a 50-day simple moving average of $40.30 and a two-hundred day simple moving average of $39.08. Atmus Filtration Technologies has a fifty-two week low of $22.74 and a fifty-two week high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings data on Friday, February 21st. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. Atmus Filtration Technologies had a net margin of 10.84% and a return on equity of 134.28%. The firm had revenue of $406.70 million during the quarter, compared to analysts’ expectations of $399.24 million. On average, analysts expect that Atmus Filtration Technologies will post 2.45 earnings per share for the current year.

Atmus Filtration Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, March 4th. This represents a $0.20 annualized dividend and a yield of 0.52%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is presently 9.05%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ATMU. DekaBank Deutsche Girozentrale grew its stake in shares of Atmus Filtration Technologies by 4.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 14,256 shares of the company’s stock valued at $535,000 after acquiring an additional 626 shares during the period. abrdn plc boosted its position in shares of Atmus Filtration Technologies by 32.5% in the third quarter. abrdn plc now owns 725,732 shares of the company’s stock worth $27,237,000 after purchasing an additional 178,074 shares during the period. Palliser Capital UK Ltd purchased a new stake in shares of Atmus Filtration Technologies in the third quarter worth $2,090,000. Harbor Capital Advisors Inc. raised its position in shares of Atmus Filtration Technologies by 11.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 31,319 shares of the company’s stock valued at $1,175,000 after purchasing an additional 3,311 shares during the period. Finally, Jag Capital Management LLC purchased a new position in shares of Atmus Filtration Technologies during the 3rd quarter valued at $266,000. 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.