Wells Fargo & Company Issues Pessimistic Forecast for Atmus Filtration Technologies (NYSE:ATMU) Stock Price

Atmus Filtration Technologies (NYSE:ATMU) had its target price reduced by Wells Fargo & Company from $45.00 to $40.00 in a report issued on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

ATMU has been the topic of several other reports. Robert W. Baird lifted their price target on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Northland Securities lifted their target price on Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. upped their target price on Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $43.80.

Atmus Filtration Technologies Stock Up 0.1 %

NYSE:ATMU opened at $39.45 on Tuesday. The stock has a 50-day simple moving average of $41.18 and a 200 day simple moving average of $36.47. Atmus Filtration Technologies has a 52-week low of $21.09 and a 52-week high of $45.43. The company has a market cap of $3.28 billion, a PE ratio of 18.35, a PEG ratio of 4.42 and a beta of 1.80. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.09. Atmus Filtration Technologies had a net margin of 10.84% and a return on equity of 134.28%. The company had revenue of $404.00 million during the quarter, compared to analysts’ expectations of $403.40 million. During the same period last year, the business earned $0.52 EPS. The business’s quarterly revenue was up 2.0% on a year-over-year basis. On average, sell-side analysts expect that Atmus Filtration Technologies will post 2.45 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Thursday, October 31st were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Thursday, October 31st. Atmus Filtration Technologies’s dividend payout ratio (DPR) is presently 9.30%.

Institutional Trading of Atmus Filtration Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP bought a new stake in shares of Atmus Filtration Technologies during the 2nd quarter worth about $29,000. GAMMA Investing LLC boosted its holdings in shares of Atmus Filtration Technologies by 89.3% during the third quarter. GAMMA Investing LLC now owns 1,641 shares of the company’s stock worth $62,000 after acquiring an additional 774 shares during the period. KBC Group NV grew its position in shares of Atmus Filtration Technologies by 42.1% in the third quarter. KBC Group NV now owns 2,424 shares of the company’s stock valued at $91,000 after purchasing an additional 718 shares during the last quarter. Daiwa Securities Group Inc. bought a new position in shares of Atmus Filtration Technologies during the second quarter worth approximately $134,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Atmus Filtration Technologies during the 2nd quarter worth approximately $220,000. Institutional investors own 32.73% of the company’s stock.

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.