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

Atmus Filtration Technologies Inc. (NYSE:ATMU) declared a quarterly dividend on Friday, October 18th, RTT News reports. Investors 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 dividend on an annualized basis and a dividend yield of 0.50%.

Atmus Filtration Technologies has a payout ratio of 8.1% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

ATMU stock opened at $39.79 on Friday. The company’s 50 day simple moving average is $35.89 and its 200-day simple moving average is $32.17. Atmus Filtration Technologies has a 52-week low of $18.21 and a 52-week high of $40.29. The company has a debt-to-equity ratio of 3.28, a current ratio of 2.07 and a quick ratio of 1.30. The firm has a market capitalization of $3.32 billion, a P/E ratio of 20.30, a P/E/G ratio of 4.40 and a beta of 1.75.

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

Insider Buying and Selling at Atmus Filtration Technologies

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

Wall Street Analysts Forecast Growth

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

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.