Avery Dennison Corp (NYSE:AVY) announced a quarterly dividend on Thursday, October 24th, Zacks reports. Stockholders of record on Wednesday, December 4th will be paid a dividend of 0.58 per share by the industrial products company on Wednesday, December 18th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Tuesday, December 3rd.
Shares of NYSE:AVY opened at $130.37 on Monday. The stock has a 50 day moving average of $126.31 and a 200 day moving average of $115.41. The company has a market cap of $10.89 billion, a PE ratio of 21.51, a price-to-earnings-growth ratio of 2.41 and a beta of 1.30. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.40. Avery Dennison has a 12-month low of $82.89 and a 12-month high of $134.56.
Avery Dennison (NYSE:AVY) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.05. Avery Dennison had a return on equity of 53.79% and a net margin of 3.37%. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the prior year, the company posted $1.45 EPS. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. Equities research analysts predict that Avery Dennison will post 6.55 earnings per share for the current fiscal year.
Several analysts have recently issued reports on AVY shares. UBS Group decreased their price objective on Avery Dennison from $130.00 to $129.00 and set a “buy” rating on the stock in a report on Friday, September 13th. Bank of America raised Avery Dennison from a “neutral” rating to a “buy” rating and set a $130.00 price objective on the stock in a report on Friday, September 13th. KeyCorp restated a “hold” rating on shares of Avery Dennison in a report on Friday, September 13th. Citigroup lowered Avery Dennison from a “buy” rating to a “neutral” rating and increased their target price for the stock from $132.00 to $136.00 in a research note on Thursday, October 24th. Finally, Berenberg Bank began coverage on Avery Dennison in a research note on Thursday, August 15th. They issued a “buy” rating and a $130.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $124.25.
In related news, CAO Lori J. Bondar sold 4,500 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $126.00, for a total transaction of $567,000.00. Following the sale, the chief accounting officer now owns 12,928 shares of the company’s stock, valued at $1,628,928. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Julia A. Stewart sold 6,318 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $130.00, for a total value of $821,340.00. Following the sale, the director now directly owns 18,624 shares in the company, valued at approximately $2,421,120. 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 in the last three months. Corporate insiders own 1.30% of the company’s stock.
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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