AptarGroup, Inc. (NYSE:ATR – Get Free Report) declared a quarterly dividend on Monday, September 8th, RTT News reports. Shareholders of record on Thursday, October 23rd will be paid a dividend of 0.48 per share by the industrial products company on Thursday, November 13th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, October 23rd. This is a 6.7% increase from AptarGroup’s previous quarterly dividend of $0.45.
AptarGroup has a dividend payout ratio of 27.8% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance
Shares of ATR stock opened at $137.12 on Wednesday. AptarGroup has a 52 week low of $130.85 and a 52 week high of $178.03. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average of $147.75 and a 200 day moving average of $149.12. The firm has a market capitalization of $9.03 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 2.85 and a beta of 0.57.
Wall Street Analyst Weigh In
ATR has been the subject of several research analyst reports. Wells Fargo & Company reaffirmed an “overweight” rating and set a $153.00 target price (down from $173.00) on shares of AptarGroup in a research note on Monday, August 4th. Raymond James Financial reissued an “outperform” rating and issued a $172.00 target price (down previously from $182.00) on shares of AptarGroup in a report on Monday, August 4th. Wall Street Zen upgraded AptarGroup from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th. Finally, KeyCorp assumed coverage on AptarGroup in a research note on Wednesday, September 3rd. They set an “overweight” rating and a $220.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, AptarGroup has a consensus rating of “Buy” and an average price target of $182.17.
Get Our Latest Analysis on AptarGroup
AptarGroup Company Profile
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.
Read More
- Five stocks we like better than AptarGroup
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- August’s Most Upgraded: 3 Stocks With +20 Price Target Increases
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- Is Qualcomm Tesla’s Next Rival in Autonomous Driving?
- How to invest in marijuana stocks in 7 steps
- 3 Under-the-Radar Biotechs Under $5 That Could Soar 200%
Receive News & Ratings for AptarGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AptarGroup and related companies with MarketBeat.com's FREE daily email newsletter.