Franklin Resources Inc. Increases Stock Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Franklin Resources Inc. increased its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 1.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 28,712 shares of the company’s stock after acquiring an additional 476 shares during the quarter. Franklin Resources Inc.’s holdings in Atmus Filtration Technologies were worth $1,125,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its stake in shares of Atmus Filtration Technologies by 2.1% during the third quarter. Geode Capital Management LLC now owns 1,894,740 shares of the company’s stock worth $71,123,000 after purchasing an additional 39,710 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Atmus Filtration Technologies by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 753,495 shares of the company’s stock worth $29,522,000 after buying an additional 40,352 shares in the last quarter. Boston Partners increased its stake in Atmus Filtration Technologies by 1.6% during the 4th quarter. Boston Partners now owns 745,235 shares of the company’s stock worth $29,572,000 after buying an additional 11,819 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Atmus Filtration Technologies during the fourth quarter valued at approximately $26,152,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Atmus Filtration Technologies by 72.4% in the fourth quarter. Bank of New York Mellon Corp now owns 528,398 shares of the company’s stock valued at $20,703,000 after acquiring an additional 221,853 shares in the last quarter. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Atmus Filtration Technologies Stock Down 0.5 %

NYSE ATMU opened at $33.62 on Wednesday. The business’s fifty day simple moving average is $37.31 and its 200-day simple moving average is $39.51. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. The firm has a market cap of $2.78 billion, a PE ratio of 15.21, a P/E/G ratio of 3.99 and a beta of 1.78. Atmus Filtration Technologies Inc. has a 52 week low of $27.62 and a 52 week high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU) last issued its earnings results on Friday, February 21st. The company reported $0.58 EPS 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. As a group, equities analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Tuesday, March 4th. Atmus Filtration Technologies’s dividend payout ratio is presently 9.05%.

Analysts Set New Price Targets

Several research analysts recently commented on ATMU shares. JPMorgan Chase & Co. reduced their price objective on Atmus Filtration Technologies from $46.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Wells Fargo & Company reduced their target price on shares of Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating for the company in a research report on Monday, February 24th. Finally, Robert W. Baird dropped their price objective on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $41.20.

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.