Dividend Champions vs Aristocrats: 5 Under-the-Radar Stocks to Consider

3. AptarGroup, Inc. (NYSE:ATR)

Number of Hedge Fund Holders: 22

AptarGroup, Inc. (NYSE:ATR) is an Illinois-based global manufacturer of consumer dispensing packaging and drug delivery devices. In April, BofA raised its price target on the stock to $152 with a Buy rating on the shares. The firm mentioned that the company offers relative growth and value in the current inflationary environment.

On April 20, AptarGroup, Inc. (NYSE:ATR) declared a quarterly dividend of $0.38 per share, which was in line with its previous dividend. The company has raised its dividends consecutively for the past 29 years, making it one of the best dividend stocks on our list. The stock has a dividend yield of 1.31%, as of April 26.

At the end of Q4 2022, 22 hedge funds in Insider Monkey’s database owned stakes in AptarGroup, Inc. (NYSE:ATR), the same as in the previous quarter. These stakes have a consolidated value of $321.3 million.

Conestoga Capital Advisors mentioned AptarGroup, Inc. (NYSE:ATR) in its Q3 2022 investor letter. Here is what the firm has to say:

“AptarGroup, Inc. (NYSE:ATR): ATR is a leading global supplier of dispensing systems including pumps, aerosol valves, and metered dose inhaler valves (MDIs). This traditionally defensive business has been disproportionately impacted by supply chain challenges given its near 70% revenue overseas with local manufacturing presence. Proceeds were reallocated to existing holdings with better visibility.”