Deprince Race & Zollo Inc. Invests $26.80 Million in Avery Dennison Corporation $AVY

Deprince Race & Zollo Inc. purchased a new stake in shares of Avery Dennison Corporation (NYSE:AVY) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 155,172 shares of the industrial products company’s stock, valued at approximately $26,795,000. Deprince Race & Zollo Inc. owned 0.20% of Avery Dennison as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in AVY. Bartlett & CO. Wealth Management LLC raised its position in Avery Dennison by 16,900.0% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 170 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 169 shares during the period. Root Financial Partners LLC increased its position in shares of Avery Dennison by 60.8% during the 4th quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 73 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in Avery Dennison in the 3rd quarter valued at about $36,000. Godfrey Financial Associates Inc. purchased a new stake in Avery Dennison in the 4th quarter valued at about $37,000. Finally, CYBER HORNET ETFs LLC acquired a new position in Avery Dennison in the second quarter valued at about $37,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Avery Dennison Trading Up 0.6%

NYSE AVY opened at $163.34 on Thursday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.80 and a current ratio of 1.15. The firm has a market cap of $12.49 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 2.79 and a beta of 0.82. The firm has a 50 day simple moving average of $160.65 and a 200-day simple moving average of $174.30. Avery Dennison Corporation has a one year low of $152.42 and a one year high of $199.54.

Avery Dennison (NYSE:AVY) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.06. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the firm earned $2.30 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. Equities research analysts anticipate that Avery Dennison Corporation will post 10.05 EPS for the current fiscal year.

Avery Dennison Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd were paid a $1.00 dividend. The ex-dividend date was Wednesday, June 3rd. This is an increase from Avery Dennison’s previous quarterly dividend of $0.94. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. Avery Dennison’s payout ratio is 45.10%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Argus set a $175.00 price target on shares of Avery Dennison in a research report on Thursday, June 4th. Citigroup decreased their price objective on shares of Avery Dennison from $190.00 to $185.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Weiss Ratings downgraded shares of Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 8th. UBS Group cut their target price on Avery Dennison from $226.00 to $222.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Finally, Raymond James Financial set a $192.00 price target on Avery Dennison in a research note on Tuesday, April 21st. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $201.33.

Avery Dennison 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.