Atmus Filtration Technologies Inc. (ATMU) to Issue Quarterly Dividend of $0.05 on August 14th

Atmus Filtration Technologies Inc. (NYSE:ATMU) announced a quarterly dividend on Thursday, July 18th, Zacks reports. Shareholders of record on Thursday, August 1st will be given a dividend of 0.05 per share on Wednesday, August 14th. This represents a $0.20 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Thursday, August 1st.

Atmus Filtration Technologies has a payout ratio of 8.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Atmus Filtration Technologies to earn $2.38 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 8.4%.

Atmus Filtration Technologies Stock Down 1.8 %

ATMU opened at $30.81 on Tuesday. The company has a debt-to-equity ratio of 4.83, a quick ratio of 1.27 and a current ratio of 2.00. The company has a market capitalization of $2.57 billion, a PE ratio of 15.72, a P/E/G ratio of 3.84 and a beta of 1.77. The stock’s fifty day moving average is $29.35 and its 200-day moving average is $27.79. Atmus Filtration Technologies has a one year low of $18.21 and a one year high of $33.70.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings results on Friday, May 3rd. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.59 by $0.01. Atmus Filtration Technologies had a net margin of 10.03% and a return on equity of 314.52%. The firm had revenue of $426.60 million for the quarter, compared to analysts’ expectations of $416.18 million. Atmus Filtration Technologies’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities analysts predict that Atmus Filtration Technologies will post 2.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ATMU shares. The Goldman Sachs Group increased their price target on Atmus Filtration Technologies from $30.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Robert W. Baird dropped their price objective on shares of Atmus Filtration Technologies from $37.00 to $36.00 and set an “outperform” rating on the stock in a research note on Friday, July 19th. Wells Fargo & Company decreased their target price on shares of Atmus Filtration Technologies from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Monday, May 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of Atmus Filtration Technologies from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Atmus Filtration Technologies presently has an average rating of “Buy” and an average target price of $35.60.

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.