AptarGroup, Inc. (ATR) to Distribute Quarterly Dividend of $0.50 on December 3rd

AptarGroup, Inc. (NYSE:ATR) announced a quarterly dividend on Thursday, October 29th. Shareholders of record on Thursday, November 12th will be paid a dividend of $0.50 per share by the industrial products company on Thursday, December 3rd. This represents a $2.00 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, November 12th. This is a 4.2% increase from AptarGroup’s previous quarterly dividend of $0.48.

AptarGroup has a payout ratio of 29.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect AptarGroup to earn $6.14 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 31.3%.

AptarGroup Stock Performance

Shares of NYSE:ATR opened at $136.82 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.10 and a debt-to-equity ratio of 0.42. AptarGroup has a 1-year low of $103.23 and a 1-year high of $146.91. The stock has a market capitalization of $8.70 billion, a P/E ratio of 24.28, a P/E/G ratio of 4.05 and a beta of 0.34. The business has a 50-day moving average price of $125.87 and a two-hundred day moving average price of $127.01.

AptarGroup (NYSE:ATR) last issued its earnings results on Thursday, October 29th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.05. AptarGroup had a net margin of 6.69% and a return on equity of 13.08%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $980.76 million. During the same quarter last year, the firm earned $1.62 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities analysts predict that AptarGroup will post 5.47 earnings per share for the current year.

Insiders Place Their Bets

In other AptarGroup news, insider Shiela Vinczeller sold 765 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $130.37, for a total transaction of $99,733.05. Following the sale, the insider directly owned 26,313 shares in the company, valued at approximately $3,430,425.81. This trade represents a 2.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gael Touya sold 3,740 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $133.76, for a total transaction of $500,262.40. Following the completion of the transaction, the chief executive officer owned 29,102 shares of the company’s stock, valued at $3,892,683.52. This trade represents a 11.39% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 23,197 shares of company stock valued at $3,134,828. Insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On AptarGroup

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Parkside Financial Bank & Trust boosted its position in AptarGroup by 41.9% in the second quarter. Parkside Financial Bank & Trust now owns 298 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 88 shares during the last quarter. State of Wyoming grew its stake in shares of AptarGroup by 4.5% during the 1st quarter. State of Wyoming now owns 2,252 shares of the industrial products company’s stock valued at $284,000 after purchasing an additional 98 shares during the period. Crossmark Global Holdings Inc. increased its position in shares of AptarGroup by 1.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,636 shares of the industrial products company’s stock valued at $683,000 after purchasing an additional 99 shares during the last quarter. Steph & Co. increased its position in shares of AptarGroup by 11.5% during the 3rd quarter. Steph & Co. now owns 1,039 shares of the industrial products company’s stock valued at $126,000 after purchasing an additional 107 shares during the last quarter. Finally, Elevation Wealth Partners LLC increased its position in shares of AptarGroup by 25.5% during the 3rd quarter. Elevation Wealth Partners LLC now owns 546 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 111 shares during the last quarter. 88.52% of the stock is currently owned by institutional investors and hedge funds.

About AptarGroup

AptarGroup, Inc (NYSE: ATR) develops and manufactures dispensing, sealing and delivery systems for the pharmaceutical, beauty, personal care, food and beverage markets. Its products are designed to control, protect and dispense a wide range of liquids, creams, lotions, fragrances and other formulations.

The company’s offerings include pumps, valves, closures, aerosol systems and other dispensing components, as well as drug-delivery technologies. Through its pharmaceutical business, Aptar supports nasal, pulmonary, ophthalmic, dermal and injectable applications, serving pharmaceutical and biotechnology companies with components and systems used in prescription, over-the-counter and consumer health products.

Aptar serves customers internationally through manufacturing, research and development and commercial operations across North America, Europe, Asia and other global markets.