Reading the tape
NYSE: AVY
Avery Dennison Corporation
Industrials · Business Equipment & Supplies
Market Cap
$12.51B
52w High
$199.54
52w Low
$156.23
P/E
18.25
Volume
307.80K
Outstanding Shares
76.49M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
1Y Price: -5.5%Revenue (TTM): 2.89%FCF (TTM): 47.57%P/FCF: 0th pct
What changed
The stock fell 5.5% over the last year. Revenue grew 2.89% over the trailing twelve months. Operating margin moved from 12.6% to 12.45%. Free cash flow grew 47.57% over the trailing twelve months.
What the market seems to be pricing
The stock has moved lower against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 12.45%. A decisive move in revenue — currently up 2.89% — would be the clearest signal to resolve the ambiguity.
Company profile
Avery Dennison Corporation manufactures and markets pressure-sensitive materials and products in the United States, Europe, Asia, Latin America, and internationally.
CEODeon Stander
SectorIndustrials
IndustryBusiness Equipment & Supplies
Employees35,000
IPO dateApr 4, 1977
Valuation
Forward P/E—
EV/EBITDA13.51
Enterprise value$17.61B
Stock splits
Dec 23, 1996↑ Forward
Every 1 shares became 2
Mar 17, 1987↑ Forward
Every 1 shares became 2
Dec 29, 1983↑ Forward
Every 1 shares became 2
Profitability & growth
Revenue growth6.99%
Gross margin28.76%▼0.39%vs FY2024
Operating margin12.45%▼3.19%vs FY2024
ROE30.69%▲0.66%vs FY2024
Analyst consensus
RatingBuy
Target price$214.75▲31.34%
13
Buy
5
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 28, 2026
Q3 FY26 · EPS est $2.47 · Revenue est $2.29B
View
Dividends
$3.82/shareQuarterlyDividend Achiever · 16yrEx-div Jun 3, 2026 · in 23dSafeAVY pays a dividend with a 2.34% declared yield, 16 consecutive years of growth, growing at 8.85% annually, covered 2.5× by free cash flow.
Declared Yield
2.34%
Annual Div / Share
$3.82
5yr CAGR
+8.85%
Doubles every ~8.2yr
Payout Ratio
42.23%
Safe
Dividend Growth Rate
3yr CAGR
+7.67%
5yr CAGR
+8.85%
10yr CAGR
+9.65%
Dividend Safety
9/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$3.82+6.7%
2025$3.58+8.2%
2024$3.31+8.2%
2023$3.06+9.7%
2022$2.79+11.6%
2021$2.50+7.8%
2020$2.32+8.4%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$23/yr
$2/mo
In 5 yrs
$36/yr+53%
$3/mo
In 10 yrs
$55/yr+133%
$5/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$23/yr $2/mo | $36/yr+53% $3/mo | $55/yr+133% $5/mo |
Yield-on-cost grows from 2.34% → 5.45% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
AVY has raised its dividend for 16 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 2.5× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 8.85% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.