Atmus Filtration Technologies Inc. (NYSE:ATMU) to Issue $0.05 Quarterly Dividend

Atmus Filtration Technologies Inc. (NYSE:ATMU - Get Free Report) declared a quarterly dividend on Wednesday, February 19th, RTT News reports. Investors of record on Tuesday, March 4th will be given a dividend of 0.05 per share on Wednesday, March 19th. This represents a $0.20 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Tuesday, March 4th.

Atmus Filtration Technologies has a payout ratio of 7.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Atmus Filtration Technologies to earn $2.52 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 7.9%.

Atmus Filtration Technologies Stock Down 3.6 %

NYSE ATMU traded down $1.43 during trading on Friday, reaching $37.76. 1,838,620 shares of the company's stock were exchanged, compared to its average volume of 652,604. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. Atmus Filtration Technologies has a fifty-two week low of $22.30 and a fifty-two week high of $45.43. The company's fifty day simple moving average is $40.41 and its 200-day simple moving average is $38.87. The firm has a market capitalization of $3.14 billion, a PE ratio of 17.56, a P/E/G ratio of 4.20 and a beta of 1.80.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.05. Atmus Filtration Technologies had a net margin of 10.84% and a return on equity of 134.28%. Sell-side analysts predict that Atmus Filtration Technologies will post 2.45 EPS for the current year.

Analysts Set New Price Targets

ATMU has been the subject of a number of recent research reports. Wells Fargo & Company cut their price target on Atmus Filtration Technologies from $45.00 to $40.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 7th. Robert W. Baird boosted their price target 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. Finally, Northland Securities boosted their price target on Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $43.80.

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.