Franklin Resources Inc. Sells 297,667 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Franklin Resources Inc. lessened its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 91.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,236 shares of the company’s stock after selling 297,667 shares during the quarter. Franklin Resources Inc.’s holdings in Atmus Filtration Technologies were worth $1,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in ATMU. Quarry LP bought a new position in Atmus Filtration Technologies during the second quarter valued at about $29,000. GAMMA Investing LLC grew its position in shares of Atmus Filtration Technologies by 89.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,641 shares of the company’s stock valued at $62,000 after acquiring an additional 774 shares during the period. Rothschild Investment LLC purchased a new stake in shares of Atmus Filtration Technologies during the 2nd quarter worth approximately $68,000. KBC Group NV raised its holdings in shares of Atmus Filtration Technologies by 42.1% in the 3rd quarter. KBC Group NV now owns 2,424 shares of the company’s stock worth $91,000 after purchasing an additional 718 shares during the period. Finally, nVerses Capital LLC purchased a new position in Atmus Filtration Technologies in the second quarter valued at approximately $115,000. 32.73% of the stock is owned by hedge funds and other institutional investors.

Atmus Filtration Technologies Stock Down 1.5 %

Shares of NYSE:ATMU opened at $38.69 on Friday. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 4.42 and a beta of 1.69. Atmus Filtration Technologies Inc. has a one year low of $21.09 and a one year high of $45.43. The firm has a fifty day moving average price of $41.18 and a two-hundred day moving average price of $35.84. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.09. Atmus Filtration Technologies had a return on equity of 134.28% and a net margin of 10.84%. The company had revenue of $404.00 million during the quarter, compared to analyst estimates of $403.40 million. During the same quarter last year, the company earned $0.52 earnings per share. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. Analysts anticipate that Atmus Filtration Technologies Inc. will post 2.45 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Thursday, October 31st were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Thursday, October 31st. Atmus Filtration Technologies’s dividend payout ratio is currently 9.30%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Wells Fargo & Company lowered shares of Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $42.00 to $45.00 in a research note on Monday, November 11th. Northland Securities raised their price target on Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, Robert W. Baird boosted their price objective on Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $44.80.

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.