AptarGroup, Inc. (NYSE:ATR) announced a quarterly dividend on Thursday, January 18th, RTT News reports. Investors of record on Wednesday, January 31st will be given a dividend of 0.32 per share by the industrial products company on Wednesday, February 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.47%.

AptarGroup has raised its dividend by an average of 5.5% per year over the last three years and has increased its dividend annually for the last 5 consecutive years. AptarGroup has a payout ratio of 38.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect AptarGroup to earn $3.56 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 36.0%.

Shares of AptarGroup (NYSE ATR) traded up $0.40 during midday trading on Thursday, reaching $87.24. The company’s stock had a trading volume of 220,849 shares, compared to its average volume of 248,650. The company has a market cap of $5,372.22, a price-to-earnings ratio of 25.51, a P/E/G ratio of 2.85 and a beta of 0.95. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.75 and a quick ratio of 2.29. AptarGroup has a fifty-two week low of $71.44 and a fifty-two week high of $90.79.

AptarGroup (NYSE:ATR) last announced its earnings results on Thursday, October 26th. The industrial products company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. The business had revenue of $624.33 million for the quarter, compared to analyst estimates of $599.31 million. AptarGroup had a return on equity of 16.82% and a net margin of 9.24%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.82 EPS. sell-side analysts expect that AptarGroup will post 3.35 EPS for the current fiscal year.

A number of brokerages have weighed in on ATR. Zacks Investment Research lowered AptarGroup from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Robert W. Baird restated a “hold” rating and issued a $85.00 target price on shares of AptarGroup in a research note on Thursday, October 12th. Finally, KeyCorp restated a “hold” rating on shares of AptarGroup in a research note on Friday, September 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. AptarGroup has a consensus rating of “Hold” and an average price target of $84.57.

In other news, insider Salim Haffar sold 18,130 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $86.49, for a total value of $1,568,063.70. Following the completion of the transaction, the insider now directly owns 39,556 shares in the company, valued at approximately $3,421,198.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen J. Hagge sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $86.12, for a total value of $2,153,000.00. The disclosure for this sale can be found here. Insiders sold a total of 77,910 shares of company stock valued at $6,745,469 over the last quarter. Company insiders own 5.30% of the company’s stock.

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About AptarGroup

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.

Dividend History for AptarGroup (NYSE:ATR)

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