What is Northland Capmk’s Forecast for ATMU FY2024 Earnings?

Atmus Filtration Technologies Inc. (NYSE:ATMU) – Investment analysts at Northland Capmk dropped their FY2024 EPS estimates for Atmus Filtration Technologies in a research note issued to investors on Tuesday, October 15th. Northland Capmk analyst B. Brooks now expects that the company will post earnings per share of $2.36 for the year, down from their previous estimate of $2.37. The consensus estimate for Atmus Filtration Technologies’ current full-year earnings is $2.33 per share. Northland Capmk also issued estimates for Atmus Filtration Technologies’ FY2025 earnings at $2.41 EPS.

ATMU has been the subject of several other research reports. Wells Fargo & Company upped their price target on Atmus Filtration Technologies from $36.00 to $42.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. JPMorgan Chase & Co. upped their target price on Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Robert W. Baird lifted their price objective on Atmus Filtration Technologies from $37.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Northland Securities raised their price target on shares of Atmus Filtration Technologies from $38.00 to $49.00 and gave the stock an “outperform” rating in a research note on Tuesday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $42.80.

Atmus Filtration Technologies Trading Down 0.5 %

ATMU opened at $39.78 on Friday. The business’s 50 day moving average is $35.75 and its two-hundred day moving average is $32.12. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 20.30, a price-to-earnings-growth 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 $40.29. The company has a quick ratio of 1.30, a current ratio of 2.07 and a debt-to-equity ratio of 3.28.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results on Friday, August 2nd. The company reported $0.71 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $432.60 million for the quarter, compared to analyst estimates of $418.33 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. Atmus Filtration Technologies’s revenue for the quarter was up 4.6% compared to the same quarter last year.

Atmus Filtration Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Thursday, October 31st will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.50%. Atmus Filtration Technologies’s dividend payout ratio is currently 10.20%.

Insider Activity at Atmus Filtration Technologies

In related news, Director Stephen E. Macadam acquired 8,250 shares of Atmus Filtration Technologies stock in a transaction that occurred on Wednesday, August 7th. The stock was acquired at an average price of $31.56 per share, for a total transaction of $260,370.00. Following the transaction, the director now directly owns 32,083 shares of the company’s stock, valued at $1,012,539.48. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Atmus Filtration Technologies news, Director Gretchen R. Haggerty purchased 5,849 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were purchased at an average price of $34.20 per share, for a total transaction of $200,035.80. Following the completion of the transaction, the director now owns 19,882 shares in the company, valued at $679,964.40. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen E. Macadam bought 8,250 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was purchased at an average price of $31.56 per share, with a total value of $260,370.00. Following the completion of the acquisition, the director now owns 32,083 shares of the company’s stock, valued at approximately $1,012,539.48. This trade 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its holdings in Atmus Filtration Technologies by 7.9% in the 4th quarter. Wellington Management Group LLP now owns 828,045 shares of the company’s stock worth $19,451,000 after purchasing an additional 60,714 shares during the last quarter. GAMMA Investing LLC lifted its position in Atmus Filtration Technologies by 103.8% in the first quarter. GAMMA Investing LLC now owns 868 shares of the company’s stock worth $28,000 after purchasing an additional 442 shares during the period. CVA Family Office LLC acquired a new stake in shares of Atmus Filtration Technologies during the 1st quarter valued at about $85,000. Investment Research & Advisory Group Inc. acquired a new position in shares of Atmus Filtration Technologies in the 1st quarter worth approximately $26,000. Finally, Deltec Asset Management LLC acquired a new position in Atmus Filtration Technologies during the first quarter worth $1,290,000. 32.73% of the stock is owned by hedge funds and other institutional investors.

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.