Atmus Filtration Technologies (NYSE:ATMU) Price Target Cut to $44.00 by Analysts at JPMorgan Chase & Co.

Atmus Filtration Technologies (NYSE:ATMU) had its price objective cut by JPMorgan Chase & Co. from $46.00 to $44.00 in a research note released on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other analysts have also commented on the stock. Wells Fargo & Company decreased their price target on shares of 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 cut their price objective on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $42.40.

Atmus Filtration Technologies Stock Performance

Shares of ATMU stock opened at $38.36 on Tuesday. The firm has a market capitalization of $3.18 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 3.99 and a beta of 1.83. The firm has a fifty day simple moving average of $39.79 and a two-hundred day simple moving average of $39.51. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. Atmus Filtration Technologies has a 12 month low of $27.54 and a 12 month high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings results on Friday, February 21st. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $406.70 million during the quarter, compared to analyst estimates of $399.24 million. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. Analysts forecast that Atmus Filtration Technologies will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders 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 yield of 0.52%. The ex-dividend date of this dividend was Tuesday, March 4th. Atmus Filtration Technologies’s dividend payout ratio is 9.05%.

Hedge Funds Weigh In On Atmus Filtration Technologies

A number of hedge funds have recently bought and sold shares of the company. Eminence Capital LP boosted its holdings in Atmus Filtration Technologies by 79.0% during the 4th quarter. Eminence Capital LP now owns 4,592,614 shares of the company’s stock worth $179,939,000 after acquiring an additional 2,027,617 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Atmus Filtration Technologies by 5.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,262,408 shares of the company’s stock worth $167,003,000 after buying an additional 223,712 shares during the last quarter. Parsifal Capital Management LP boosted its holdings in shares of Atmus Filtration Technologies by 2.2% in the 3rd quarter. Parsifal Capital Management LP now owns 2,721,278 shares of the company’s stock worth $102,130,000 after buying an additional 58,478 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Atmus Filtration Technologies by 1.7% in the 3rd quarter. Wellington Management Group LLP now owns 2,517,338 shares of the company’s stock worth $94,476,000 after buying an additional 43,004 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its holdings in shares of Atmus Filtration Technologies by 44.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,911,153 shares of the company’s stock worth $74,879,000 after buying an additional 584,270 shares during the last quarter. 32.73% of the stock is owned by hedge funds and other institutional investors.

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.