Atmus Filtration Technologies (NYSE:ATMU) Price Target Cut to $45.00 by Analysts at Robert W. Baird

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

A number of other equities research analysts also recently weighed in on ATMU. Wells Fargo & Company lowered their price objective on shares of Atmus Filtration Technologies from $45.00 to $40.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Northland Securities upped their target price on Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $43.00.

Atmus Filtration Technologies Trading Down 0.6 %

Shares of NYSE ATMU opened at $38.97 on Monday. The stock has a market capitalization of $3.24 billion, a P/E ratio of 17.63, a PEG ratio of 3.99 and a beta of 1.80. The stock’s 50 day moving average price is $40.29 and its two-hundred day moving average price is $39.12. 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.

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

Atmus Filtration Technologies Announces Dividend

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

Institutional Investors Weigh In On Atmus Filtration Technologies

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