Robert W. Baird Issues Positive Forecast for Atmus Filtration Technologies (NYSE:ATMU) Stock Price

Atmus Filtration Technologies (NYSE:ATMU) had its price objective raised by Robert W. Baird from $42.00 to $48.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s target price would suggest a potential upside of 13.29% from the company’s previous close.

Several other equities research analysts have also recently weighed in on ATMU. JPMorgan Chase & Co. increased their target price on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Wells Fargo & Company downgraded Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $42.00 to $45.00 in a research report on Monday. Finally, Northland Securities boosted their price objective on Atmus Filtration Technologies from $38.00 to $49.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $44.60.

Atmus Filtration Technologies Stock Performance

Shares of NYSE ATMU opened at $42.37 on Tuesday. Atmus Filtration Technologies has a 12 month low of $19.04 and a 12 month high of $44.66. The company has a market cap of $3.53 billion, a P/E ratio of 19.71, a P/E/G ratio of 5.05 and a beta of 1.68. The business’s 50 day moving average is $37.72 and its two-hundred day moving average is $32.99. 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 announced its earnings results on Friday, November 8th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.09. The business had revenue of $404.00 million for the quarter, compared to analyst estimates of $403.40 million. Atmus Filtration Technologies had a net margin of 10.52% and a return on equity of 187.12%. Atmus Filtration Technologies’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.52 earnings per share. On average, equities analysts expect that Atmus Filtration Technologies will post 2.34 EPS for the current year.

Insider Activity

In related news, Director Gretchen R. Haggerty bought 5,849 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was acquired at an average price of $34.20 per share, for a total transaction of $200,035.80. Following the transaction, the director now directly owns 19,882 shares of the company’s stock, valued at $679,964.40. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Atmus Filtration Technologies

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Atmus Filtration Technologies by 366.5% during the first quarter. Vanguard Group Inc. now owns 8,080,641 shares of the company’s stock worth $260,601,000 after buying an additional 6,348,391 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Atmus Filtration Technologies by 38.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,088,496 shares of the company’s stock worth $67,355,000 after acquiring an additional 583,078 shares during the last quarter. American Century Companies Inc. increased its holdings in Atmus Filtration Technologies by 2.8% during the 2nd quarter. American Century Companies Inc. now owns 1,981,937 shares of the company’s stock valued at $57,040,000 after purchasing an additional 54,051 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Atmus Filtration Technologies by 26.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,153,484 shares of the company’s stock valued at $43,290,000 after purchasing an additional 242,718 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Atmus Filtration Technologies by 83.5% in the second quarter. Victory Capital Management Inc. now owns 1,125,679 shares of the company’s stock worth $32,397,000 after purchasing an additional 512,390 shares in the last quarter. 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.