Atmus Filtration Technologies (NYSE:ATMU) Price Target Raised to $46.00 at JPMorgan Chase & Co.

Atmus Filtration Technologies (NYSE:ATMU) had its price target hoisted by JPMorgan Chase & Co. from $44.00 to $46.00 in a research report report published on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other analysts have also weighed in on ATMU. Wells Fargo & Company lowered their target price on Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating for the company in a research note on Monday, February 24th. Robert W. Baird dropped their target price on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.80.

Atmus Filtration Technologies Stock Up 0.1 %

Atmus Filtration Technologies stock opened at $38.11 on Thursday. The firm has a fifty day moving average price of $39.54 and a two-hundred day moving average price of $39.66. Atmus Filtration Technologies has a fifty-two week low of $27.62 and a fifty-two week high of $45.43. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 17.24, a P/E/G ratio of 3.99 and a beta of 1.83. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings data on Friday, February 21st. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. The company had revenue of $406.70 million for the quarter, compared to analyst estimates of $399.24 million. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. As a group, analysts forecast that Atmus Filtration Technologies will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Tuesday, March 4th. Atmus Filtration Technologies’s payout ratio is presently 9.05%.

Hedge Funds Weigh In On Atmus Filtration Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Intech Investment Management LLC acquired a new position in shares of Atmus Filtration Technologies in the 3rd quarter valued at approximately $831,000. Charles Schwab Investment Management Inc. increased its stake in Atmus Filtration Technologies by 5.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 713,143 shares of the company’s stock valued at $26,764,000 after acquiring an additional 39,114 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Atmus Filtration Technologies by 27.5% during the third quarter. The Manufacturers Life Insurance Company now owns 1,266,648 shares of the company’s stock worth $47,537,000 after purchasing an additional 272,890 shares during the last quarter. Glenmede Trust Co. NA boosted its holdings in shares of Atmus Filtration Technologies by 0.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 41,275 shares of the company’s stock valued at $1,549,000 after purchasing an additional 303 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Atmus Filtration Technologies by 18.9% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 590,100 shares of the company’s stock valued at $22,146,000 after purchasing an additional 93,900 shares in the last quarter. Institutional investors and hedge funds 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.