Avery Dennison Corporation (NYSE:AVY – Get Free Report) declared a quarterly dividend on Wednesday, February 4th. Shareholders of record on Wednesday, March 4th will be given a dividend of 0.94 per share by the industrial products company on Wednesday, March 18th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, March 4th.
Avery Dennison has raised 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 35.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Avery Dennison to earn $10.88 per share next year, which means the company should continue to be able to cover its $3.76 annual dividend with an expected future payout ratio of 34.6%.
Avery Dennison Trading Up 0.0%
NYSE:AVY opened at $193.16 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.13 and a quick ratio of 0.89. Avery Dennison has a one year low of $156.23 and a one year high of $196.00. The company has a market cap of $14.93 billion, a PE ratio of 22.00, a PEG ratio of 3.25 and a beta of 1.00. The firm has a 50-day moving average of $183.03 and a 200-day moving average of $174.37.
Analysts Set New Price Targets
Several analysts have recently commented on the stock. Truist Financial increased their target price on shares of Avery Dennison from $213.00 to $234.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. UBS Group upped their price objective on shares of Avery Dennison from $218.00 to $226.00 and gave the stock a “buy” rating in a research report on Thursday. Citigroup reissued a “neutral” rating on shares of Avery Dennison in a research report on Friday. Argus set a $200.00 target price on Avery Dennison in a research note on Tuesday, October 28th. Finally, JPMorgan Chase & Co. raised Avery Dennison from a “neutral” rating to an “overweight” rating and increased their price target for the company from $182.00 to $195.00 in a research report on Thursday, October 23rd. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.09.
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.
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