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

Atmus Filtration Technologies Inc. (NYSE:ATMU) declared a quarterly dividend on Wednesday, February 19th, RTT News reports. Stockholders 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 dividend yield of 0.51%. 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. Equities 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 1.3 %

Shares of NYSE:ATMU opened at $39.17 on Friday. Atmus Filtration Technologies has a 1 year low of $22.30 and a 1 year high of $45.43. The stock has a 50-day simple moving average of $40.41 and a 200-day simple moving average of $38.87. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11. The stock has a market capitalization of $3.25 billion, a P/E ratio of 18.22, a PEG ratio of 4.19 and a beta of 1.80.

Analysts Set New Price Targets

ATMU has been the topic of a number of research reports. Wells Fargo & Company cut their target price on shares of 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 raised their price objective on 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 upped their target price on 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 equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.