AptarGroup, Inc. (NYSE:ATR) Declares Quarterly Dividend of $0.41

AptarGroup, Inc. (NYSE:ATR) announced a quarterly dividend on Thursday, April 11th, RTT News reports. Investors of record on Thursday, April 25th will be given a dividend of 0.41 per share by the industrial products company on Thursday, May 16th. This represents a $1.64 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Wednesday, April 24th.

AptarGroup has raised its dividend by an average of 3.1% per year over the last three years and has increased its dividend every year for the last 1 years. AptarGroup has a payout ratio of 28.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect AptarGroup to earn $5.75 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 28.5%.

AptarGroup Trading Up 0.7 %

AptarGroup stock opened at $140.38 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. The business’s fifty day simple moving average is $140.61 and its two-hundred day simple moving average is $131.77. AptarGroup has a 12 month low of $111.63 and a 12 month high of $145.35. The company has a market capitalization of $9.29 billion, a price-to-earnings ratio of 33.03, a price-to-earnings-growth ratio of 3.82 and a beta of 0.59.

AptarGroup (NYSE:ATR) last released its earnings results on Friday, February 9th. The industrial products company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. AptarGroup had a return on equity of 14.46% and a net margin of 8.16%. The business had revenue of $838.48 million for the quarter, compared to the consensus estimate of $842.50 million. During the same period in the previous year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, equities analysts predict that AptarGroup will post 5.22 earnings per share for the current fiscal year.

Insider Transactions at AptarGroup

In other news, Director Monnas Giovanna Kampouri sold 2,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $142.45, for a total value of $284,900.00. Following the completion of the transaction, the director now owns 9,648 shares in the company, valued at $1,374,357.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Monnas Giovanna Kampouri sold 2,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $142.45, for a total transaction of $284,900.00. Following the completion of the sale, the director now owns 9,648 shares in the company, valued at $1,374,357.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gael Touya sold 3,500 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $142.84, for a total value of $499,940.00. Following the sale, the insider now owns 33,426 shares of the company’s stock, valued at approximately $4,774,569.84. The disclosure for this sale can be found here. Insiders sold 37,500 shares of company stock worth $5,318,280 over the last quarter. 1.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Wells Fargo & Company boosted their target price on AptarGroup from $157.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, March 7th. Robert W. Baird raised AptarGroup from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $125.00 to $150.00 in a report on Wednesday, January 3rd.

About AptarGroup

AptarGroup, Inc designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company operates through Aptar Pharma, Aptar Beauty, and Aptar Closures segments.