AptarGroup, Inc. (NYSE:ATR) Declares $0.45 Quarterly Dividend

AptarGroup, Inc. (NYSE:ATR) declared a quarterly dividend on Thursday, April 17th, RTT News reports. Stockholders of record on Thursday, May 1st will be given a dividend of 0.45 per share by the industrial products company on Thursday, May 22nd. This represents a $1.80 annualized dividend and a dividend yield of 1.25%.

AptarGroup has raised its dividend by an average of 4.7% annually over the last three years and has raised its dividend every year for the last 31 years. AptarGroup has a payout ratio of 28.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect AptarGroup to earn $6.24 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 28.8%.

AptarGroup Price Performance

ATR traded down $1.13 during trading on Thursday, reaching $143.87. The company’s stock had a trading volume of 390,597 shares, compared to its average volume of 308,181. The company has a market cap of $9.49 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 3.89 and a beta of 0.59. The firm has a fifty day simple moving average of $145.55 and a two-hundred day simple moving average of $157.38. AptarGroup has a 1 year low of $130.85 and a 1 year high of $178.03. The company has a quick ratio of 0.95, a current ratio of 1.38 and a debt-to-equity ratio of 0.28.

AptarGroup (NYSE:ATR) last issued its earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.24. AptarGroup had a return on equity of 15.56% and a net margin of 10.45%. As a group, analysts anticipate that AptarGroup will post 5.57 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. StockNews.com downgraded AptarGroup from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Raymond James restated an “outperform” rating and set a $190.00 price target (down previously from $200.00) on shares of AptarGroup in a report on Monday, February 10th. Robert W. Baird decreased their price objective on shares of AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Wells Fargo & Company lowered their target price on shares of AptarGroup from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Finally, Bank of America lowered AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price target on the stock. in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $181.60.

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.