5 Under-The-Radar Dividend Stocks to Buy Now

4. AptarGroup, Inc. (NYSE:ATR)

Dividend Yield as of August 24: 1.42%

AptarGroup, Inc. (NYSE:ATR) is an American company that manufactures consumer dispensing packaging and also provides drug delivery services. The company showed solid results in Q2 2022, posting revenue of $845 million, up 4.1% from the same period last year. It ended the first half of the year with over $240 million in cash and cash equivalents, compared with $123 million at the end of December. In addition to this, the company also repurchased $37 million worth of shares during the quarter.

AptarGroup, Inc. (NYSE:ATR) currently pays a quarterly dividend of $0.38 per share, with shares yielding 1.42% as recorded on August 24. The company holds a 28-year track record of consistent dividend growth.

Highlighting the continued rebound in the company’s Pharma and Beauty sub-segments, Baird set a $110 price target on AptarGroup, Inc. (NYSE:ATR) in August and maintained a ‘Neutral’ rating on the shares.

As of the end of June 2022, 23 hedge funds tracked by Insider Monkey owned stakes in AptarGroup, Inc. (NYSE:ATR), the same as in the previous quarter. The collective value of those stakes was over $382 million. Rivulet Capital was the leading stakeholder of the Illinois-based company in Q2.

Upslope Capital Management mentioned AptarGroup, Inc. (NYSE:ATR) in its Q1 2022 investor letter. Here is what the firm had to say:

“AptarGroup (NYSE:ATR): Specialty packaging business focused on pumps and sprayers, with a highly profitable, defensive, and growing Pharma unit. Misclassified and undervalued due to legacy/traditional packaging businesses (Food + Beverage, Beauty + Home), which contribute 60% of sales but just 15% of EBIT.”