Fideuram Intesa Sanpaolo Private Banking S.P.A. Acquires Shares of 6,348 Avery Dennison Corporation $AVY

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Avery Dennison Corporation (NYSE:AVY) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,348 shares of the industrial products company’s stock, valued at approximately $1,096,000.

Several other large investors have also made changes to their positions in the business. Norges Bank purchased a new position in shares of Avery Dennison during the 4th quarter valued at approximately $188,438,000. Morgan Stanley increased its holdings 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 worth $703,856,000 after acquiring an additional 647,795 shares in the last quarter. Wellington Management Group LLP raised its position in Avery Dennison by 12.5% during the third quarter. Wellington Management Group LLP now owns 5,808,960 shares of the industrial products company’s stock worth $942,039,000 after acquiring an additional 644,664 shares during the period. Cooke & Bieler LP purchased a new position in Avery Dennison during the fourth quarter valued at $105,616,000. Finally, Balyasny Asset Management L.P. purchased a new position in Avery Dennison during the third quarter valued at $74,942,000. 94.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. UBS Group cut their target price on shares of Avery Dennison from $226.00 to $222.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Argus set a $175.00 price objective on Avery Dennison in a report on Thursday, June 4th. JPMorgan Chase & Co. cut their price objective on Avery Dennison from $205.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Weiss Ratings cut Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 8th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Avery Dennison in a research report on Wednesday, April 1st. They issued a “buy” rating and a $200.00 target price on the stock. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $201.33.

Avery Dennison Price Performance

Shares of NYSE AVY opened at $166.82 on Friday. The firm has a 50-day simple moving average of $160.59 and a 200-day simple moving average of $174.13. The company has a quick ratio of 0.80, a current ratio of 1.15 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $12.76 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 2.89 and a beta of 0.82. Avery Dennison Corporation has a 52 week low of $152.42 and a 52 week high of $199.54.

Avery Dennison (NYSE:AVY) last posted its quarterly 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. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.26 billion. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. Avery Dennison’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.30 earnings per share. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. On average, equities analysts predict that Avery Dennison Corporation will post 10 earnings per share for the current fiscal year.

Avery Dennison Increases Dividend

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