Avery Dennison Corporation (AVY) to Issue Quarterly Dividend of $1.00 on June 17th

Avery Dennison Corporation (NYSE:AVY) declared a quarterly dividend on Thursday, April 30th. Stockholders of record on Wednesday, June 3rd will be given a dividend of 1.00 per share by the industrial products company on Wednesday, June 17th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, June 3rd. This is a 6.4% increase from Avery Dennison’s previous quarterly dividend of $0.94.

Avery Dennison has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 15 years. Avery Dennison has a dividend payout ratio of 37.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Avery Dennison to earn $11.05 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 36.2%.

Avery Dennison Price Performance

AVY opened at $163.20 on Friday. Avery Dennison has a 12-month low of $156.23 and a 12-month high of $199.54. The company has a current ratio of 1.15, a quick ratio of 0.76 and a debt-to-equity ratio of 1.38. The business’s fifty day simple moving average is $174.26 and its 200-day simple moving average is $177.92. The company has a market capitalization of $12.55 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 2.83 and a beta of 1.00.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.06. Avery Dennison had a return on equity of 33.69% and a net margin of 7.66%.The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the prior year, the company earned $2.30 EPS. The business’s revenue was up 7.0% compared to the same quarter last year. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. On average, equities research analysts anticipate that Avery Dennison will post 10.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AVY. JPMorgan Chase & Co. dropped their price target on Avery Dennison from $205.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday. BMO Capital Markets increased their price target on Avery Dennison from $215.00 to $224.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Citigroup dropped their price target on Avery Dennison from $190.00 to $185.00 and set a “neutral” rating on the stock in a research report on Thursday. Truist Financial reissued a “buy” rating and set a $221.00 price target (down from $223.00) on shares of Avery Dennison in a research report on Wednesday. Finally, UBS Group dropped their price target on Avery Dennison from $226.00 to $222.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $204.11.

Avery Dennison Company Profile

Avery Dennison (NYSE:AVY) is a global materials science and manufacturing company specializing in labeling and packaging solutions. The company develops pressure-sensitive materials, tags and labels, and adhesive technologies that help brands and businesses enhance product identification, branding and supply-chain performance. Avery Dennison’s offerings range from industrial and retail labeling to high-performance tapes, films and graphics materials used across multiple end markets.

The company operates through several key segments, including Label and Graphic Materials, which supplies pressure-sensitive materials for consumer goods; Retail Branding and Information Solutions, offering apparel tags, RFID inlays and digital product identification; Pressure-Sensitive Materials, providing specialty tapes and adhesives; and RF Technologies, focused on advanced RFID and IoT labeling solutions.