JPMorgan Downgrades Atmus Filtration to Neutral, Raises PT to $46

JPMorgan Downgrades Atmus Filtration to Neutral, Raises PT to $46

JPMorgan Chase & Co. has downgraded Atmus Filtration Technologies Inc. (NYSE:ATMU) to a "neutral" rating and raised its price target to $46, according to a recent report [1]. This move comes after the company's earnings report, which showed strong quarterly results with earnings per share (EPS) of $0.75, surpassing analysts' expectations.

The downgrade and revised price target follow a series of positive analyst ratings and price targets for Atmus Filtration Technologies. However, the company's recent earnings report did not meet the expectations set by some analysts, leading to the change in JPMorgan's rating.

Atmus Filtration Technologies reported a quarterly dividend of $0.055 per share, raising the annualized dividend to $0.22 and increasing its yield to 0.5%. The company's payout ratio is currently 9.73%, indicating a strong commitment to shareholders.

Despite the recent downgrade, Atmus Filtration Technologies continues to be covered by a majority of analysts with a "moderate buy" rating. The average 1-year price objective among analysts is $42.80, with a range of $37.00 to $45.00.

Institutional investors have also shown interest in Atmus Filtration Technologies, with hedge funds and other institutional investors owning approximately 32.73% of the stock. Recent purchases by institutions such as Teachers Retirement System of The State of Kentucky, SG Americas Securities LLC, and Oppenheimer Asset Management Inc. have contributed to the company's market capitalization of $3.59 billion.

The stock's price-to-earnings ratio is 19.36, and its PEG ratio is 5.23, indicating a moderate valuation compared to its peers. The stock has a beta of 1.64, suggesting a slightly higher volatility than the market average.

Atmus Filtration Technologies designs, manufactures, and sells filtration products under the Fleetguard brand name, serving a wide range of industries and markets. The company's strong financial performance and commitment to shareholders make it an attractive investment for many investors.

References:
[1] https://www.marketbeat.com/instant-alerts/atmus-filtration-technologies-inc-nyseatmu-given-consensus-rating-of-moderate-buy-by-brokerages-2025-08-16/