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

Atmus Filtration Technologies Inc. (NYSE:ATMU) announced a quarterly dividend on Wednesday, February 19th, RTT News reports. Investors 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. 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 Stock Down 1.3 %

ATMU opened at $39.17 on Friday. 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 company has a market cap of $3.25 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 4.19 and a beta of 1.80. Atmus Filtration Technologies has a one year low of $22.30 and a one year high of $45.43. The business’s fifty day moving average is $40.41 and its two-hundred day moving average is $38.87.

Analyst Ratings Changes

ATMU has been the subject of several recent research reports. Northland Securities raised their target price on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Robert W. Baird lifted their price objective 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. Finally, Wells Fargo & Company reduced their target price on 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. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.