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

Atmus Filtration Technologies Inc. (NYSE:ATMU) announced a quarterly dividend on Wednesday, February 19th,RTT News reports. Stockholders of record on Tuesday, March 4th will be paid a dividend of 0.05 per share on Wednesday, March 19th. This represents a $0.20 annualized dividend and a dividend yield of 0.51%.

Atmus Filtration Technologies has a payout ratio of 7.3% indicating that 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 Price Performance

ATMU stock opened at $39.59 on Thursday. The stock has a market cap of $3.29 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 4.26 and a beta of 1.80. The stock has a 50-day moving average price of $40.45 and a two-hundred day moving average price of $38.87. Atmus Filtration Technologies has a 1 year low of $22.30 and a 1 year high of $45.43. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Wells Fargo & Company cut their price objective on shares of Atmus Filtration Technologies from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Robert W. Baird boosted their target price on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, Northland Securities lifted their price objective on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.