Atmus Filtration Technologies Inc. (NYSE:ATMU - Get Free Report) declared a quarterly dividend on Wednesday, May 21st, RTT News reports. Stockholders of record on Tuesday, June 3rd will be given a dividend of 0.05 per share on Wednesday, June 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Tuesday, June 3rd.
Atmus Filtration Technologies has a dividend payout ratio of 7.5% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance
NYSE:ATMU traded down $0.12 during trading hours on Monday, hitting $36.54. The stock had a trading volume of 2,283,660 shares, compared to its average volume of 900,022. The company has a 50 day simple moving average of $35.74 and a two-hundred day simple moving average of $38.87. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 16.54, a P/E/G ratio of 3.99 and a beta of 1.81. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35. Atmus Filtration Technologies has a one year low of $27.62 and a one year high of $45.43.
Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.04. The company had revenue of $110.50 million during the quarter, compared to analyst estimates of $424.03 million. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The firm's quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the company earned $0.60 earnings per share. Research analysts forecast that Atmus Filtration Technologies will post 2.52 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on ATMU. Wells Fargo & Company raised their target price on shares of Atmus Filtration Technologies from $35.00 to $37.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Robert W. Baird lowered their price objective on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an "overweight" rating in a report on Monday, May 5th.
Check Out Our Latest Analysis on ATMU
Institutional Trading of Atmus Filtration Technologies
A number of hedge funds have recently bought and sold shares of ATMU. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Atmus Filtration Technologies by 2.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 159,638 shares of the company's stock worth $5,864,000 after acquiring an additional 3,419 shares in the last quarter. Caxton Associates LLP bought a new stake in shares of Atmus Filtration Technologies during the 1st quarter valued at $283,000. Jones Financial Companies Lllp boosted its position in shares of Atmus Filtration Technologies by 143.1% in the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company's stock worth $26,000 after purchasing an additional 412 shares in the last quarter. Millennium Management LLC grew its position in Atmus Filtration Technologies by 17.5% during the 1st quarter. Millennium Management LLC now owns 219,639 shares of the company's stock valued at $8,067,000 after purchasing an additional 32,727 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Atmus Filtration Technologies by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,874 shares of the company's stock valued at $1,832,000 after acquiring an additional 2,176 shares in the last quarter. Institutional investors own 32.73% of the company's stock.
About Atmus Filtration Technologies
(
Get Free Report)
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.
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