Atmus Filtration Technologies Inc. (ATMU) To Go Ex-Dividend on March 4th

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 0.50%. The ex-dividend date is Tuesday, March 4th.

Atmus Filtration Technologies has a payout ratio of 7.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Atmus Filtration Technologies to earn $2.84 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 7.0%.

Atmus Filtration Technologies Trading Up 3.4 %

NYSE ATMU opened at $39.90 on Friday. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. Atmus Filtration Technologies has a 12 month low of $22.81 and a 12 month high of $45.43. The company has a market capitalization of $3.31 billion, a PE ratio of 18.05, a P/E/G ratio of 3.99 and a beta of 1.80. The stock has a 50-day simple moving average of $40.30 and a 200 day simple moving average of $39.22.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings results on Friday, February 21st. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The company had revenue of $406.70 million during the quarter, compared to analysts’ expectations of $399.24 million. Research analysts forecast that Atmus Filtration Technologies will post 2.52 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on ATMU. Northland Securities increased their target price on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Wells Fargo & Company dropped their price objective on Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Monday, February 24th. Finally, Robert W. Baird decreased their target price on Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Atmus Filtration Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $43.00.

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.