AptarGroup, Inc. (NYSE:ATR) to Issue Quarterly Dividend of $0.45

AptarGroup, Inc. (NYSE:ATR) announced a quarterly dividend on Thursday, April 17th, RTT News reports. Stockholders of record on Thursday, May 1st will be paid a dividend of 0.45 per share by the industrial products company on Thursday, May 22nd. This represents a $1.80 dividend on an annualized basis 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 dividend payout ratio of 28.8% indicating that 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 Price Performance

Shares of AptarGroup stock opened at $143.87 on Friday. The stock’s fifty day moving average is $145.57 and its 200 day moving average is $157.27. AptarGroup has a one year low of $130.85 and a one year high of $178.03. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.38. The stock has a market cap of $9.49 billion, a P/E ratio of 25.97, a P/E/G ratio of 3.89 and a beta of 0.59.

AptarGroup (NYSE:ATR) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.52 earnings per share for the quarter, beating 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%. Sell-side analysts anticipate that AptarGroup will post 5.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.