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

AptarGroup, Inc. (NYSE:ATR) announced a quarterly dividend on Thursday, October 10th, RTT News reports. Stockholders of record on Thursday, October 24th will be paid a dividend of 0.45 per share by the industrial products company on Thursday, November 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.13%.

AptarGroup has raised its dividend by an average of 3.1% annually over the last three years and has raised its dividend annually for the last 31 consecutive years. AptarGroup has a payout ratio of 30.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect AptarGroup to earn $5.98 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 30.1%.

AptarGroup Stock Performance

ATR traded down $0.48 during trading on Thursday, hitting $159.22. The stock had a trading volume of 168,525 shares, compared to its average volume of 290,539. The company has a current ratio of 1.36, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. AptarGroup has a 12 month low of $120.36 and a 12 month high of $161.55. The company has a 50 day simple moving average of $151.53 and a 200-day simple moving average of $146.88. The firm has a market cap of $10.55 billion, a PE ratio of 34.27, a P/E/G ratio of 3.21 and a beta of 0.58.

AptarGroup (NYSE:ATR) last posted its quarterly earnings data on Thursday, July 25th. The industrial products company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.01. The business had revenue of $910.10 million during the quarter, compared to analysts’ expectations of $930.15 million. AptarGroup had a return on equity of 15.13% and a net margin of 9.00%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.23 EPS. Analysts expect that AptarGroup will post 5.36 EPS for the current year.

Analyst Ratings Changes

Separately, Wells Fargo & Company upped their target price on shares of AptarGroup from $163.00 to $168.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th.

Insider Buying and Selling

In related news, insider Hedi Tlili sold 1,375 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $152.54, for a total value of $209,742.50. Following the completion of the transaction, the insider now directly owns 9,379 shares in the company, valued at approximately $1,430,672.66. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Hedi Tlili sold 1,375 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $152.54, for a total value of $209,742.50. Following the sale, the insider now owns 9,379 shares of the company’s stock, valued at $1,430,672.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Xiangwei Gong sold 800 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $146.56, for a total transaction of $117,248.00. Following the transaction, the insider now owns 20,174 shares of the company’s stock, valued at approximately $2,956,701.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,457 shares of company stock valued at $7,314,030 over the last three months. 1.00% of the stock is owned by corporate insiders.

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.