Atmus Filtration Technologies Inc. Plans 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 paid 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% meaning 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 Price Performance

Shares of ATMU opened at $39.51 on Wednesday. Atmus Filtration Technologies has a 1-year low of $22.30 and a 1-year high of $45.43. The stock has a market cap of $3.28 billion, a PE ratio of 18.37, a P/E/G ratio of 4.26 and a beta of 1.80. The firm has a 50-day simple moving average of $40.49 and a two-hundred day simple moving average of $38.80. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ATMU shares. Wells Fargo & Company dropped their price target on shares of Atmus Filtration Technologies from $45.00 to $40.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Northland Securities lifted their price target 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. Finally, Robert W. Baird lifted their price target on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the company 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 given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $43.80.

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.