Atmus Filtration Technologies Inc. (ATMU) to Issue Quarterly Dividend of $0.05 on November 13th

Atmus Filtration Technologies Inc. (NYSE:ATMU) declared a quarterly dividend on Friday, October 18th, RTT News reports. Shareholders of record on Thursday, October 31st will be given a dividend of 0.05 per share on Wednesday, November 13th. This represents a $0.20 annualized dividend and a yield of 0.50%. The ex-dividend date is Thursday, October 31st.

Atmus Filtration Technologies has a dividend payout ratio of 8.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Atmus Filtration Technologies to earn $2.47 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 8.1%.

Atmus Filtration Technologies Stock Performance

Shares of ATMU stock opened at $39.88 on Tuesday. The stock has a market cap of $3.32 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 4.40 and a beta of 1.75. The stock has a 50-day moving average of $36.63 and a 200-day moving average of $32.44. The company has a debt-to-equity ratio of 3.28, a current ratio of 2.07 and a quick ratio of 1.30. Atmus Filtration Technologies has a one year low of $18.21 and a one year high of $40.29.

Atmus Filtration Technologies (NYSE:ATMU) last issued its earnings results on Friday, August 2nd. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.58 by $0.13. The firm had revenue of $432.60 million during the quarter, compared to the consensus estimate of $418.33 million. Atmus Filtration Technologies had a net margin of 10.52% and a return on equity of 187.12%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.63 earnings per share. As a group, sell-side analysts expect that Atmus Filtration Technologies will post 2.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

ATMU has been the subject of a number of research analyst reports. Northland Securities boosted their target price on Atmus Filtration Technologies from $38.00 to $49.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Wells Fargo & Company boosted their price objective on Atmus Filtration Technologies from $36.00 to $42.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. JPMorgan Chase & Co. raised their target price on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Finally, Robert W. Baird upped their price target on shares of Atmus Filtration Technologies from $37.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Atmus Filtration Technologies currently has a consensus rating of “Buy” and a consensus price target of $42.80.

Insider Buying and Selling

In other news, Director Gretchen R. Haggerty bought 5,849 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were purchased at an average price of $34.20 per share, for a total transaction of $200,035.80. Following the purchase, the director now owns 19,882 shares of the company’s stock, valued at approximately $679,964.40. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Atmus Filtration Technologies news, Director Gretchen R. Haggerty purchased 5,849 shares of the stock in a transaction on Friday, August 23rd. The shares were purchased at an average cost of $34.20 per share, for a total transaction of $200,035.80. Following the purchase, the director now owns 19,882 shares of the company’s stock, valued at approximately $679,964.40. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen E. Macadam purchased 8,250 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were acquired at an average cost of $31.56 per share, for a total transaction of $260,370.00. Following the completion of the transaction, the director now directly owns 32,083 shares in the company, valued at approximately $1,012,539.48. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.43% of the stock is owned by corporate insiders.

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.