Avery Dennison (NYSE:AVY) Price Target Cut to $209.00 by Analysts at Truist Financial

Avery Dennison (NYSE:AVY) had its price objective decreased by Truist Financial from $221.00 to $209.00 in a research note published on Wednesday morning, MarketBeat.com reports. Truist Financial currently has a buy rating on the industrial products company’s stock.

Several other analysts have also commented on AVY. Argus set a $175.00 price objective on Avery Dennison in a report on Thursday, June 4th. JPMorgan Chase & Co. decreased their target price on Avery Dennison from $205.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Weiss Ratings cut shares of Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, June 8th. Bank of America upped their price objective on shares of Avery Dennison from $202.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, UBS Group dropped their target price 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. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $200.11.

Avery Dennison Stock Performance

AVY opened at $156.83 on Wednesday. The firm has a fifty day moving average price of $159.80 and a 200 day moving average price of $172.83. Avery Dennison has a 1 year low of $152.42 and a 1 year high of $199.54. The stock has a market cap of $12.00 billion, a P/E ratio of 17.68, a P/E/G ratio of 2.72 and a beta of 0.82. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.15 and a quick ratio of 0.80.

Avery Dennison (NYSE:AVY) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.41 by $0.06. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The company had revenue of $2.30 billion for 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 firm’s 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. Equities research analysts anticipate that Avery Dennison will post 10 earnings per share 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 paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.6%. This is a positive change from Avery Dennison’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Wednesday, June 3rd. Avery Dennison’s payout ratio is 45.10%.

Hedge Funds Weigh In On Avery Dennison

Large investors have recently modified their holdings of the business. Coldstream Capital Management Inc. increased its position in shares of Avery Dennison by 2.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,163 shares of the industrial products company’s stock valued at $393,000 after acquiring an additional 54 shares during the last quarter. Huntington National Bank boosted its position in Avery Dennison by 3.2% during the fourth quarter. Huntington National Bank now owns 1,832 shares of the industrial products company’s stock valued at $333,000 after purchasing an additional 56 shares during the last quarter. Capital Investment Advisors LLC grew its stake in Avery Dennison by 3.4% in the fourth quarter. Capital Investment Advisors LLC now owns 1,838 shares of the industrial products company’s stock valued at $334,000 after purchasing an additional 61 shares in the last quarter. Resources Management Corp CT ADV grew its stake in Avery Dennison by 0.8% in the second quarter. Resources Management Corp CT ADV now owns 7,800 shares of the industrial products company’s stock valued at $1,369,000 after purchasing an additional 62 shares in the last quarter. Finally, Mather Group LLC. increased its position in shares of Avery Dennison by 3.6% during the 4th quarter. Mather Group LLC. now owns 1,860 shares of the industrial products company’s stock worth $338,000 after purchasing an additional 64 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

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.