Avery Dennison Corp (NYSE:AVY) Declares Quarterly Dividend of $0.58

Posted by on Dec 1st, 2019

Avery Dennison Corp (NYSE:AVY) announced a quarterly dividend on Thursday, October 24th, Zacks reports. Investors of record on Wednesday, December 4th will be given a dividend of 0.58 per share by the industrial products company on Wednesday, December 18th. This represents a $2.32 annualized dividend and a yield of 1.78%. The ex-dividend date is Tuesday, December 3rd.

Shares of NYSE:AVY opened at $130.37 on Friday. The company’s 50-day moving average price is $126.31 and its two-hundred day moving average price is $115.41. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.03 and a quick ratio of 0.74. Avery Dennison has a one year low of $82.89 and a one year high of $134.56. The stock has a market capitalization of $10.92 billion, a PE ratio of 21.51, a price-to-earnings-growth ratio of 2.42 and a beta of 1.32.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.61 by $0.05. Avery Dennison had a net margin of 3.37% and a return on equity of 53.79%. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the previous year, the firm posted $1.45 EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis. On average, analysts anticipate that Avery Dennison will post 6.55 earnings per share for the current fiscal year.

Several research analysts have recently weighed in on the stock. UBS Group lowered their price objective on shares of Avery Dennison from $130.00 to $129.00 and set a “buy” rating on the stock in a research note on Friday, September 13th. Bank of America upgraded shares of Avery Dennison from a “neutral” rating to a “buy” rating and set a $130.00 price objective on the stock in a research note on Friday, September 13th. KeyCorp restated a “hold” rating on shares of Avery Dennison in a research note on Friday, September 13th. Zacks Investment Research upgraded shares of Avery Dennison from a “sell” rating to a “hold” rating and set a $134.00 price objective on the stock in a research note on Friday, October 25th. Finally, Citigroup lowered shares of Avery Dennison from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $132.00 to $136.00 in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Avery Dennison currently has an average rating of “Hold” and a consensus target price of $124.25.

In other news, CAO Lori J. Bondar sold 4,500 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $126.00, for a total transaction of $567,000.00. Following the transaction, the chief accounting officer now directly owns 12,928 shares in the company, valued at approximately $1,628,928. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony Anderson sold 2,150 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $114.54, for a total transaction of $246,261.00. Following the transaction, the director now owns 2,862 shares in the company, valued at $327,813.48. The disclosure for this sale can be found here. Insiders have sold a total of 12,968 shares of company stock worth $1,634,601 over the last 90 days. 1.30% of the stock is owned by company insiders.

Avery Dennison Company Profile

Avery Dennison Corporation produces and sells pressure-sensitive materials worldwide. The company's Label and Graphic Materials segment offers pressure-sensitive label and packaging materials; and graphics and reflective products under the Fasson, JAC, Avery Dennison, and Mactac brands, as well as durable cast and reflective films.

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Dividend History for Avery Dennison (NYSE:AVY)

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