JPMorgan Chase & Co. Raises Atmus Filtration Technologies (NYSE:ATMU) Price Target to $47.00

Atmus Filtration Technologies (NYSE:ATMU) had its target price upped by JPMorgan Chase & Co. from $39.00 to $47.00 in a research report report published on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts have also recently issued research reports about the company. Robert W. Baird raised their target price on Atmus Filtration Technologies from $36.00 to $37.00 and gave the company an outperform rating in a research note on Monday, August 5th. Wells Fargo & Company raised their price objective on Atmus Filtration Technologies from $36.00 to $42.00 and gave the company an overweight rating in a research report on Monday, October 7th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of Buy and a consensus target price of $38.80.

Atmus Filtration Technologies Stock Performance

Shares of ATMU stock opened at $39.50 on Friday. 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 stock has a fifty day moving average of $35.25 and a 200 day moving average of $31.96. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 4.40 and a beta of 1.75. Atmus Filtration Technologies has a 52 week low of $18.21 and a 52 week high of $40.00.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Friday, August 2nd. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.13. Atmus Filtration Technologies had a net margin of 10.52% and a return on equity of 187.12%. The firm had revenue of $432.60 million for the quarter, compared to analyst estimates of $418.33 million. During the same quarter in the previous year, the firm posted $0.63 EPS. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, research analysts expect that Atmus Filtration Technologies will post 2.33 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Thursday, August 1st were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Thursday, August 1st. Atmus Filtration Technologies’s dividend payout ratio (DPR) is presently 10.20%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Atmus Filtration Technologies

A number of hedge funds have recently bought and sold shares of ATMU. Investment Research & Advisory Group Inc. purchased a new stake in Atmus Filtration Technologies during the 1st quarter valued at $26,000. GAMMA Investing LLC grew its position in Atmus Filtration Technologies by 103.8% during 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 during the period. Evermay Wealth Management LLC purchased a new stake in Atmus Filtration Technologies during the first quarter valued at approximately $29,000. Quarry LP purchased a new stake in Atmus Filtration Technologies during the second quarter valued at approximately $29,000. Finally, Rothschild Investment LLC bought a new position in Atmus Filtration Technologies in the second quarter worth approximately $68,000. Hedge funds and other 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.