Atmus Filtration Technologies (NYSE:ATMU – Get Free Report) had its price objective upped by investment analysts at Wells Fargo & Company from $24.00 to $26.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 10.36% from the company’s current price.
A number of other equities research analysts have also issued reports on the company. Robert W. Baird upped their target price on Atmus Filtration Technologies from $24.00 to $26.00 in a research note on Thursday. Bank of America assumed coverage on Atmus Filtration Technologies in a research note on Tuesday, June 20th. They issued a “buy” rating and a $25.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on Atmus Filtration Technologies in a research note on Tuesday, June 20th. They set an “overweight” rating on the stock. Finally, The Goldman Sachs Group assumed coverage on Atmus Filtration Technologies in a research note on Tuesday, June 20th. They set a “buy” rating on the stock. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $26.50.
Read Our Latest Analysis on Atmus Filtration Technologies
Atmus Filtration Technologies Stock Performance
Atmus Filtration Technologies (NYSE:ATMU – Get Free Report) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.15. The firm had revenue of $413.60 million during the quarter, compared to analyst estimates of $399.87 million. The business’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, equities research analysts forecast that Atmus Filtration Technologies will post 2.15 EPS for the current year.
Institutional Trading of Atmus Filtration Technologies
Large investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company acquired a new stake in shares of Atmus Filtration Technologies during the second quarter valued at about $13,483,000. Franklin Resources Inc. bought a new position in shares of Atmus Filtration Technologies during the second quarter worth about $48,652,000. ExodusPoint Capital Management LP bought a new position in shares of Atmus Filtration Technologies during the second quarter worth about $3,780,000. Weiss Asset Management LP bought a new position in shares of Atmus Filtration Technologies during the second quarter worth about $2,538,000. Finally, TimesSquare Capital Management LLC bought a new position in shares of Atmus Filtration Technologies during the second quarter worth about $7,992,000.
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. It offers fuel filters, lube filters, air filters, crankcase ventilation, hydraulic filters, and coolants, as well as fuel additives.
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