Robert W. Baird Cuts Atmus Filtration Technologies (NYSE:ATMU) Price Target to $45.00

Atmus Filtration Technologies (NYSE:ATMU) had its target price decreased by Robert W. Baird from $46.00 to $45.00 in a research report sent to investors on Monday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

ATMU has been the topic of a number of other reports. Wells Fargo & Company reduced their price target on shares of Atmus Filtration Technologies from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Northland Securities lifted their target price on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $43.00.

Atmus Filtration Technologies Price Performance

ATMU stock opened at $38.97 on Monday. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 3.99 and a beta of 1.80. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. Atmus Filtration Technologies has a 52-week low of $22.81 and a 52-week high of $45.43. The stock’s fifty day simple moving average is $40.29 and its 200-day simple moving average is $39.12.

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

Atmus Filtration Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.51%. Atmus Filtration Technologies’s dividend payout ratio is currently 9.05%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ATMU. Glenmede Trust Co. NA lifted its holdings in Atmus Filtration Technologies by 0.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 41,275 shares of the company’s stock worth $1,549,000 after buying an additional 303 shares in the last quarter. LPL Financial LLC increased its position in shares of Atmus Filtration Technologies by 3.3% during the fourth quarter. LPL Financial LLC now owns 10,102 shares of the company’s stock worth $396,000 after acquiring an additional 326 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of Atmus Filtration Technologies by 3.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,766 shares of the company’s stock worth $343,000 after acquiring an additional 330 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Atmus Filtration Technologies by 1.7% in the fourth quarter. Franklin Resources Inc. now owns 28,712 shares of the company’s stock valued at $1,125,000 after purchasing an additional 476 shares during the last quarter. Finally, Graham Capital Management L.P. grew its stake in Atmus Filtration Technologies by 1.9% during the 4th quarter. Graham Capital Management L.P. now owns 27,511 shares of the company’s stock valued at $1,078,000 after purchasing an additional 511 shares in the last quarter. 32.73% of the stock is currently 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.