AptarGroup, Inc. (NYSE:ATR) announced a quarterly dividend on Thursday, October 19th, RTT News reports. Shareholders of record on Wednesday, November 1st will be paid a dividend of 0.32 per share by the industrial products company on Wednesday, November 22nd. This represents a $1.28 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Tuesday, October 31st.
AptarGroup has increased its dividend by an average of 6.9% annually over the last three years and has increased its dividend every year for the last 4 years. AptarGroup has a payout ratio of 38.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect AptarGroup to earn $3.58 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 35.8%.
Shares of AptarGroup (NYSE:ATR) traded down 1.14% during mid-day trading on Friday, reaching $87.93. The company’s stock had a trading volume of 531,677 shares. AptarGroup has a 12 month low of $70.32 and a 12 month high of $90.79. The company has a 50-day moving average of $87.29 and a 200-day moving average of $84.69. The firm has a market cap of $5.52 billion, a PE ratio of 25.86 and a beta of 0.96.
AptarGroup (NYSE:ATR) last released its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.03. AptarGroup had a return on equity of 17.09% and a net margin of 9.24%. The business had revenue of $624.33 million during the quarter, compared to analysts’ expectations of $599.31 million. During the same quarter last year, the business posted $0.82 EPS. The business’s revenue was up 5.9% on a year-over-year basis. On average, analysts predict that AptarGroup will post $3.34 earnings per share for the current year.
Several equities research analysts have weighed in on ATR shares. Deutsche Bank AG reiterated a “buy” rating and issued a $90.00 price objective (up previously from $87.00) on shares of AptarGroup in a report on Tuesday, July 18th. BidaskClub cut AptarGroup from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded AptarGroup from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research note on Tuesday, October 17th. Vertical Research upgraded AptarGroup from a “sell” rating to a “hold” rating and raised their target price for the company from $70.00 to $77.00 in a research note on Monday, July 31st. Finally, Jefferies Group LLC restated a “hold” rating and issued a $78.00 target price (down previously from $81.00) on shares of AptarGroup in a research note on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. AptarGroup presently has a consensus rating of “Hold” and a consensus target price of $84.57.
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In related news, insider Gael Touya sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $81.25, for a total transaction of $2,843,750.00. Following the completion of the transaction, the insider now owns 33,092 shares of the company’s stock, valued at approximately $2,688,725. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Monnas Giovanna Kampouri sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $82.13, for a total value of $164,260.00. Following the transaction, the director now directly owns 6,469 shares of the company’s stock, valued at approximately $531,298.97. The disclosure for this sale can be found here. 5.30% of the stock is owned by company insiders.
AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, homecare, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located throughout the world, including North America, Europe, Asia and South America.
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