Avery Dennison (NYSE:AVY) Given New $184.00 Price Target at Citigroup

Avery Dennison (NYSE:AVY) had its target price reduced by Citigroup from $185.00 to $184.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a neutral rating on the industrial products company’s stock.

A number of other equities research analysts have also commented on the company. Argus set a $175.00 price target on Avery Dennison in a research report on Thursday, June 4th. UBS Group lowered their target price on Avery Dennison from $226.00 to $222.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Raymond James Financial set a $192.00 target price on shares of Avery Dennison in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft began coverage on shares of Avery Dennison in a research note on Wednesday, April 1st. They issued a “buy” rating and a $200.00 price target on the stock. Finally, Weiss Ratings cut shares of Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 8th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $200.38.

Avery Dennison Stock Performance

Shares of AVY opened at $159.05 on Thursday. The firm has a market cap of $12.17 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 2.73 and a beta of 0.82. The company’s fifty day moving average is $160.25 and its 200-day moving average is $173.48. The company has a quick ratio of 0.80, a current ratio of 1.15 and a debt-to-equity ratio of 1.38. Avery Dennison has a 12 month low of $152.42 and a 12 month high of $199.54.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.06. The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. Avery Dennison’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.30 earnings per share. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. Equities analysts expect that Avery Dennison will post 10 EPS for the current fiscal year.

Avery Dennison Increases Dividend

The company also recently declared 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 of this dividend was Wednesday, June 3rd. This is a positive change from Avery Dennison’s previous quarterly dividend of $0.94. This represents a $4.00 annualized dividend and a yield of 2.5%. Avery Dennison’s payout ratio is currently 45.10%.

Hedge Funds Weigh In On Avery Dennison

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Avery Dennison by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 10,448,799 shares of the industrial products company’s stock worth $1,900,428,000 after buying an additional 69,662 shares during the period. Wellington Management Group LLP grew its position in Avery Dennison by 12.5% in 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 acquiring an additional 644,664 shares during the last quarter. Morgan Stanley lifted its position in shares of Avery Dennison by 20.1% during the fourth quarter. Morgan Stanley now owns 3,869,889 shares of the industrial products company’s stock worth $703,856,000 after purchasing an additional 647,795 shares during the last quarter. State Street Corp boosted its stake in shares of Avery Dennison by 0.9% during the fourth quarter. State Street Corp now owns 3,701,598 shares of the industrial products company’s stock valued at $673,247,000 after purchasing an additional 34,124 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in shares of Avery Dennison by 30.9% in the third quarter. Ameriprise Financial Inc. now owns 1,841,191 shares of the industrial products company’s stock worth $298,613,000 after purchasing an additional 435,156 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors.

Avery Dennison Company 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.