Boston Trust Walden Corp Lowers Stock Position in Avery Dennison Corporation $AVY

Boston Trust Walden Corp reduced its position in shares of Avery Dennison Corporation (NYSE:AVY) by 1.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 323,775 shares of the industrial products company’s stock after selling 3,648 shares during the period. Boston Trust Walden Corp owned 0.42% of Avery Dennison worth $55,910,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AVY. Norges Bank purchased a new stake in shares of Avery Dennison during the fourth quarter valued at approximately $188,438,000. Morgan Stanley grew its stake in Avery Dennison by 20.1% in the 4th quarter. Morgan Stanley now owns 3,869,889 shares of the industrial products company’s stock valued at $703,856,000 after purchasing an additional 647,795 shares during the period. Wellington Management Group LLP increased its position in shares of Avery Dennison by 12.5% during the 3rd quarter. Wellington Management Group LLP now owns 5,808,960 shares of the industrial products company’s stock valued at $942,039,000 after purchasing an additional 644,664 shares during the last quarter. Cooke & Bieler LP purchased a new stake in shares of Avery Dennison during the 4th quarter valued at $105,616,000. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Avery Dennison during the 3rd quarter worth $74,942,000. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AVY has been the subject of several research reports. Argus set a $175.00 price target on shares of Avery Dennison in a research report on Thursday, June 4th. UBS Group lowered their price objective on shares of Avery Dennison from $226.00 to $222.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Raymond James Financial set a $192.00 target price on shares of Avery Dennison in a research note on Tuesday, April 21st. Weiss Ratings downgraded shares of Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, June 8th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Avery Dennison from $205.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $201.33.

Avery Dennison Trading Up 2.3%

Shares of Avery Dennison stock opened at $166.82 on Friday. Avery Dennison Corporation has a 52-week low of $152.42 and a 52-week high of $199.54. The stock’s 50-day simple moving average is $160.59 and its 200 day simple moving average is $174.18. The stock has a market capitalization of $12.76 billion, a P/E ratio of 18.81, a P/E/G ratio of 2.82 and a beta of 0.82. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.80 and a current ratio of 1.15.

Avery Dennison (NYSE:AVY) last issued its earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter last year, the business earned $2.30 earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. As a group, research analysts anticipate that Avery Dennison Corporation will post 10 EPS for the current year.

Avery Dennison Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were paid a $1.00 dividend. The ex-dividend date was Wednesday, June 3rd. This represents a $4.00 dividend on an annualized basis and a yield of 2.4%. This is a positive change from Avery Dennison’s previous quarterly dividend of $0.94. Avery Dennison’s dividend payout ratio (DPR) is presently 45.10%.

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.