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

Atmus Filtration Technologies Inc. (NYSE:ATMU) declared a quarterly dividend on Wednesday, February 19th,RTT News reports. Shareholders 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 dividend on an annualized basis and a yield of 0.51%.

Atmus Filtration Technologies has a dividend payout ratio of 7.3% indicating that its dividend is sufficiently covered by earnings. 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 Performance

ATMU opened at $39.59 on Thursday. Atmus Filtration Technologies has a 12-month low of $22.30 and a 12-month high of $45.43. The firm has a market capitalization of $3.29 billion, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 4.26 and a beta of 1.80. The stock’s 50 day moving average price is $40.45 and its two-hundred day moving average price is $38.87. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ATMU shares. Wells Fargo & Company lowered their price objective on Atmus Filtration Technologies from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Northland Securities boosted their target price 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 upped their price target on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.