9,312 Shares in Avery Dennison Corporation $AVY Bought by OP Asset Management Ltd

OP Asset Management Ltd purchased a new stake in Avery Dennison Corporation (NYSE:AVY) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,312 shares of the industrial products company’s stock, valued at approximately $1,608,000.

Other hedge funds have also recently bought and sold shares of the company. Fieldview Capital Management LLC grew its position in Avery Dennison by 412.7% in the 3rd quarter. Fieldview Capital Management LLC now owns 26,265 shares of the industrial products company’s stock worth $4,259,000 after purchasing an additional 21,142 shares in the last quarter. CPC Advisors LLC bought a new position in shares of Avery Dennison during the 4th quarter worth approximately $1,464,000. Ameriprise Financial Inc. boosted its stake in shares of Avery Dennison by 30.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,841,191 shares of the industrial products company’s stock worth $298,613,000 after buying an additional 435,156 shares during the last quarter. Wolverine Asset Management LLC bought a new position in shares of Avery Dennison in the fourth quarter valued at approximately $2,546,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Avery Dennison by 3.8% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 155,643 shares of the industrial products company’s stock valued at $25,241,000 after acquiring an additional 5,633 shares in the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. UBS Group dropped their price target on Avery Dennison from $226.00 to $222.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Truist Financial reaffirmed a “buy” rating and set a $221.00 target price (down from $223.00) on shares of Avery Dennison in a research report on Wednesday, April 29th. Argus set a $175.00 target price on Avery Dennison in a research note on Thursday, June 4th. Weiss Ratings downgraded shares of Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 8th. Finally, Raymond James Financial set a $192.00 price target on shares of Avery Dennison in a research report on Tuesday, April 21st. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $201.33.

Avery Dennison Price Performance

Shares of NYSE:AVY opened at $165.75 on Monday. The firm has a market capitalization of $12.68 billion, a PE ratio of 18.69, a P/E/G ratio of 2.85 and a beta of 0.82. 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 50-day moving average price of $161.10 and a two-hundred day moving average price of $174.60. Avery Dennison Corporation has a twelve month low of $152.42 and a twelve month 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 (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.06. The company 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%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.30 earnings per share. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. Equities analysts forecast that Avery Dennison Corporation will post 10.05 EPS for the current year.

Avery Dennison Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.4%. 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. 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.