Avery Dennison Corporation Plans Quarterly Dividend of $0.94 (NYSE:AVY)

Key Points

• Avery Dennison Corporation declared a quarterly dividend of $0.94 per share, which will be paid on December 17th to investors of record as of December 3rd.
• The company reported $2.37 earnings per share in its most recent quarter, surpassing expectations of $2.32, with a revenue of $2.22 billion.
• Avery Dennison's stock has seen a recent decline of 2.6%, trading at $181.39, with a P/E ratio of 20.64.

Avery Dennison Corporation (NYSE:AVY - Get Free Report) declared a quarterly dividend on Friday, October 24th. Investors of record on Wednesday, December 3rd will be given a dividend of 0.94 per share by the industrial products company on Wednesday, December 17th. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Wednesday, December 3rd.

Avery Dennison has a dividend payout ratio of 35.1% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Down 2.6%

Shares of NYSE:AVY traded down $4.90 during midday trading on Friday, hitting $181.39. The stock had a trading volume of 965,495 shares, compared to its average volume of 735,747. Avery Dennison has a 12 month low of $156.23 and a 12 month high of $209.83. The company has a quick ratio of 0.70, a current ratio of 1.26 and a debt-to-equity ratio of 1.45. The business's 50-day simple moving average is $166.59 and its 200-day simple moving average is $172.46. The company has a market cap of $14.14 billion, a P/E ratio of 20.64, a PEG ratio of 2.65 and a beta of 0.95.

Avery Dennison (NYSE:AVY - Get Free Report) last released its earnings results on Wednesday, October 22nd. The industrial products company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.05. Avery Dennison had a net margin of 7.93% and a return on equity of 33.67%. The business had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.22 billion. During the same period last year, the business earned $2.33 earnings per share. The firm's revenue was up 1.5% on a year-over-year basis. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. On average, sell-side analysts forecast that Avery Dennison will post 9.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Avery Dennison

A number of hedge funds and other institutional investors have recently modified their holdings of AVY. GAMMA Investing LLC lifted its holdings in shares of Avery Dennison by 9.4% during the first quarter. GAMMA Investing LLC now owns 2,409 shares of the industrial products company's stock worth $429,000 after buying an additional 207 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Avery Dennison by 1.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,185 shares of the industrial products company's stock valued at $2,169,000 after purchasing an additional 217 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in Avery Dennison by 11.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 2,953 shares of the industrial products company's stock valued at $526,000 after purchasing an additional 300 shares in the last quarter. Spire Wealth Management raised its stake in Avery Dennison by 630.9% in the first quarter. Spire Wealth Management now owns 2,200 shares of the industrial products company's stock valued at $392,000 after purchasing an additional 1,899 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in Avery Dennison by 0.4% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 184,964 shares of the industrial products company's stock valued at $32,918,000 after purchasing an additional 720 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company's stock.

Avery Dennison Company Profile

Avery Dennison Corporation operates as a materials science and digital identification solutions company in the United States, Europe, the Middle East, North Africa, Asia, Latin, America, and internationally. It provides pressure-sensitive materials comprising papers, plastic films, metal foils, and fabrics; performance tapes products, including tapes for wire harnessing, as well as cable wrapping for automotive, electrical, and general industrial applications; mechanical fasteners, which are precision-extruded and injection-molded plastic devices used in various automotive, general industrial, and retail applications; and other pressure-sensitive adhesive-based materials and converted products under the Fasson, JAC, Yongle, and Avery Dennison brands.

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