Atmus Filtration Technologies Inc. (ATMU) To Go Ex-Dividend on February 20th

Atmus Filtration Technologies Inc. (NYSE:ATMU) declared a quarterly dividend on Monday, February 9th. Shareholders of record on Friday, February 20th will be paid a dividend of 0.055 per share on Wednesday, March 4th. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, February 20th.

Atmus Filtration Technologies has a payout ratio of 8.3% meaning its dividend is sufficiently covered by earnings. 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 $0.22 annual dividend with an expected future payout ratio of 7.7%.

Atmus Filtration Technologies Stock Performance

Shares of ATMU stock opened at $62.03 on Wednesday. The company has a market cap of $5.06 billion, a P/E ratio of 25.85, a PEG ratio of 2.73 and a beta of 1.56. The business has a 50 day moving average of $55.22 and a two-hundred day moving average of $48.61. Atmus Filtration Technologies has a 52 week low of $30.94 and a 52 week high of $62.86. The company has a quick ratio of 1.41, a current ratio of 2.14 and a debt-to-equity ratio of 1.63.

Hedge Funds Weigh In On Atmus Filtration Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of ATMU. Jones Financial Companies Lllp increased its stake in Atmus Filtration Technologies by 143.1% in the first quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after purchasing an additional 412 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Atmus Filtration Technologies by 31.4% during the second quarter. Bessemer Group Inc. now owns 1,138 shares of the company’s stock worth $42,000 after buying an additional 272 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Atmus Filtration Technologies by 87.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 849 shares of the company’s stock worth $44,000 after purchasing an additional 397 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in Atmus Filtration Technologies by 93.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock valued at $49,000 after buying an additional 644 shares during the last quarter. Finally, Global Retirement Partners LLC grew its position in shares of Atmus Filtration Technologies by 53.7% in the fourth quarter. Global Retirement Partners LLC now owns 1,319 shares of the company’s stock valued at $68,000 after purchasing an additional 461 shares during the last quarter. 32.73% of the stock is owned by institutional investors.

About Atmus Filtration Technologies

Atmus Filtration Technologies is a global developer and manufacturer of high-performance filter media and filtration solutions. The company designs and produces advanced materials that capture airborne particles across a range of applications, from heating, ventilation and air-conditioning (HVAC) systems to industrial and cleanroom environments. By focusing on proprietary meltblown and nanofiber technologies, Atmus delivers media that balances efficiency, airflow and durability for both original equipment manufacturers (OEMs) and aftermarket customers.

The company’s product portfolio encompasses pleated and panel filter media, depth filtration products and specialty laminates used in industries such as commercial buildings, healthcare, transportation and power generation.