Avery Dennison Corporation (NYSE:AVY) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Avery Dennison Corporation (NYSE:AVY) have been given a consensus rating of “Moderate Buy” by the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $200.1111.

AVY has been the topic of a number of recent analyst reports. Weiss Ratings lowered Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 8th. JPMorgan Chase & Co. dropped their target price on Avery Dennison from $205.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. UBS Group reduced 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. Truist Financial decreased their price target on Avery Dennison from $221.00 to $209.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. Finally, Raymond James Financial set a $192.00 price target on Avery Dennison in a report on Tuesday, April 21st.

Institutional Trading of Avery Dennison

Large investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Avery Dennison in the fourth quarter valued at about $188,438,000. Morgan Stanley lifted its holdings 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 period. Wellington Management Group LLP lifted its holdings in shares of 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 purchasing an additional 644,664 shares during the period. Cooke & Bieler LP purchased a new stake in Avery Dennison in the fourth quarter valued at approximately $105,616,000. Finally, Balyasny Asset Management L.P. purchased a new stake in Avery Dennison in the third quarter valued at approximately $74,942,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Avery Dennison Stock Up 0.1%

Shares of Avery Dennison stock opened at $160.49 on Monday. 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 company has a market cap of $12.28 billion, a P/E ratio of 18.09, a PEG ratio of 2.85 and a beta of 0.82. The firm’s 50 day moving average price is $159.70 and its 200-day moving average price is $172.54. Avery Dennison has a 52-week low of $152.42 and a 52-week high of $199.54.

Avery Dennison (NYSE:AVY) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.06. The company 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% compared to the same quarter last year. During the same quarter 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. On average, sell-side analysts predict that Avery Dennison will post 10 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. Investors of record on Wednesday, June 3rd were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Wednesday, June 3rd. This is an increase from Avery Dennison’s previous quarterly dividend of $0.94. Avery Dennison’s payout ratio is 45.10%.

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.