Atmus Filtration Technologies Inc. Plans Quarterly Dividend of $0.05 (NYSE:ATMU)

Atmus Filtration Technologies Inc. (NYSE:ATMU - Get Free Report) announced a quarterly dividend on Friday, October 18th, RTT News reports. Stockholders of record on Thursday, October 31st will be given a dividend of 0.05 per share on Wednesday, November 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.50%.

Atmus Filtration Technologies has a dividend payout ratio of 8.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Atmus Filtration Technologies to earn $2.47 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 8.1%.

Atmus Filtration Technologies Stock Performance

Shares of ATMU remained flat at $39.79 during trading hours on Friday. The company had a trading volume of 472,371 shares, compared to its average volume of 1,926,257. The stock's 50 day moving average is $35.75 and its 200-day moving average is $32.12. Atmus Filtration Technologies has a 12 month low of $18.21 and a 12 month high of $40.29. The company has a debt-to-equity ratio of 3.28, a current ratio of 2.07 and a quick ratio of 1.30. The firm has a market cap of $3.32 billion, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 4.40 and a beta of 1.75.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.13. Atmus Filtration Technologies had a return on equity of 187.12% and a net margin of 10.52%. The firm had revenue of $432.60 million during the quarter, compared to analyst estimates of $418.33 million. During the same period in the previous year, the company posted $0.63 EPS. The company's revenue for the quarter was up 4.6% on a year-over-year basis. On average, equities analysts forecast that Atmus Filtration Technologies will post 2.33 EPS for the current year.

Insider Transactions at Atmus Filtration Technologies

In other news, Director Gretchen R. Haggerty bought 5,849 shares of the stock in a transaction on Friday, August 23rd. The shares were purchased at an average cost of $34.20 per share, for a total transaction of $200,035.80. Following the completion of the purchase, the director now directly owns 19,882 shares in the company, valued at $679,964.40. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Atmus Filtration Technologies news, Director Stephen E. Macadam acquired 8,250 shares of Atmus Filtration Technologies stock in a transaction that occurred on Wednesday, August 7th. The stock was acquired at an average cost of $31.56 per share, for a total transaction of $260,370.00. Following the purchase, the director now owns 32,083 shares of the company's stock, valued at approximately $1,012,539.48. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gretchen R. Haggerty purchased 5,849 shares of the business's stock in a transaction dated Friday, August 23rd. The stock was bought at an average cost of $34.20 per share, with a total value of $200,035.80. Following the completion of the acquisition, the director now directly owns 19,882 shares of the company's stock, valued at approximately $679,964.40. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.43% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on ATMU. JPMorgan Chase & Co. raised their price target on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an "overweight" rating in a research report on Friday, October 11th. Robert W. Baird lifted their target price on shares of Atmus Filtration Technologies from $37.00 to $42.00 and gave the stock an "outperform" rating in a research report on Wednesday. Wells Fargo & Company boosted their target price on Atmus Filtration Technologies from $36.00 to $42.00 and gave the stock an "overweight" rating in a research note on Monday, October 7th. Finally, Northland Securities lifted their price target on Atmus Filtration Technologies from $38.00 to $49.00 and gave the stock an "outperform" rating in a report on Tuesday. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Atmus Filtration Technologies has an average rating of "Buy" and an average target price of $42.80.

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.