Franklin Resources Inc. Buys 476 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Franklin Resources Inc. boosted its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,712 shares of the company’s stock after purchasing an additional 476 shares during the quarter. Franklin Resources Inc.’s holdings in Atmus Filtration Technologies were worth $1,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. purchased a new position in Atmus Filtration Technologies during the 4th quarter worth $26,000. New Age Alpha Advisors LLC acquired a new stake in Atmus Filtration Technologies in the fourth quarter worth about $32,000. Nisa Investment Advisors LLC grew its stake in shares of Atmus Filtration Technologies by 333.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock worth $45,000 after acquiring an additional 876 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Atmus Filtration Technologies by 43.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 2,660 shares of the company’s stock valued at $104,000 after acquiring an additional 800 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Atmus Filtration Technologies in the 4th quarter valued at approximately $104,000. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Price Performance

Shares of ATMU opened at $33.62 on Wednesday. The company has a market capitalization of $2.78 billion, a P/E ratio of 15.21, a P/E/G ratio of 3.99 and a beta of 1.78. The business’s 50-day moving average is $37.31 and its two-hundred day moving average is $39.51. 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 Inc. has a fifty-two week low of $27.62 and a fifty-two week high of $45.43.

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

Atmus Filtration Technologies Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ATMU shares. Robert W. Baird cut their price target on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. JPMorgan Chase & Co. cut their target price on Atmus Filtration Technologies from $46.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Finally, Wells Fargo & Company lowered their price target on 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Atmus Filtration Technologies currently has an average rating of “Moderate Buy” and a consensus target price 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.