AptarGroup, Inc. (NYSE:ATR – Get Free Report) announced a quarterly dividend on Thursday, April 23rd. Stockholders of record on Wednesday, May 6th will be paid a dividend of 0.48 per share by the industrial products company on Wednesday, May 27th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, May 6th.
AptarGroup has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 31 consecutive years. AptarGroup has a dividend payout ratio of 29.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect AptarGroup to earn $6.20 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 31.0%.
AptarGroup Trading Up 0.4%
Shares of NYSE ATR opened at $125.06 on Friday. The business’s 50 day moving average is $132.01 and its two-hundred day moving average is $126.91. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.62 and a quick ratio of 1.16. AptarGroup has a 1-year low of $103.23 and a 1-year high of $164.28. The stock has a market capitalization of $7.98 billion, a P/E ratio of 21.23, a PEG ratio of 2.97 and a beta of 0.49.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. Robert W. Baird set a $156.00 price objective on AptarGroup in a research note on Monday, February 9th. KeyCorp reissued an “overweight” rating and set a $220.00 price objective on shares of AptarGroup in a research note on Friday, January 9th. Wells Fargo & Company raised AptarGroup from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $133.00 to $144.00 in a research note on Friday, March 20th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of AptarGroup in a research note on Friday, March 27th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $173.00.
Get Our Latest Analysis on ATR
AptarGroup Company Profile
AptarGroup, Inc is a global provider of advanced dispensing, sealing and protection solutions for consumer and pharmaceutical markets. The company designs and manufactures a broad portfolio of products that enable the controlled delivery of liquids, gels, powders and aerosols. Its customer base spans beauty and personal care, home care, food and beverage, and pharmaceutical sectors, where innovation in packaging and drug‐delivery devices drives brand differentiation and regulatory compliance.
In the consumer markets, AptarGroup offers pumps, actuators, valves, closures and specialized bottles engineered for precision, convenience and sustainability.
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