Bank of New York Mellon Corp Acquires 36,103 Shares of Avery Dennison Corporation $AVY

Bank of New York Mellon Corp lifted its holdings in Avery Dennison Corporation (NYSE:AVY) by 5.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 731,234 shares of the industrial products company’s stock after purchasing an additional 36,103 shares during the quarter. Bank of New York Mellon Corp’s holdings in Avery Dennison were worth $126,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Avery Dennison Trading Up 0.1%

Shares of AVY stock opened at $160.49 on Monday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.15 and a quick ratio of 0.80. The company has a market cap of $12.28 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 2.85 and a beta of 0.82. Avery Dennison Corporation has a 1 year low of $152.42 and a 1 year high of $199.54. The firm has a fifty day moving average price of $159.70 and a 200-day moving average price of $172.54.

Avery Dennison (NYSE:AVY) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.06. The company had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Avery Dennison had a return on equity of 33.69% and a net margin of 7.66%.Avery Dennison’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the firm earned $2.30 EPS. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. As a group, equities analysts predict that Avery Dennison Corporation will post 10 earnings per share for the current year.

Avery Dennison Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.5%. This is a boost from Avery Dennison’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Wednesday, June 3rd. Avery Dennison’s dividend payout ratio is currently 45.10%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AVY shares. Truist Financial dropped their target price on shares of Avery Dennison from $221.00 to $209.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Raymond James Financial set a $192.00 price target on Avery Dennison in a research note on Tuesday, April 21st. 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 report on Wednesday, April 29th. Citigroup reduced their price objective on Avery Dennison from $185.00 to $184.00 and set a “neutral” rating for the company in a research report on Thursday, July 9th. Finally, Weiss Ratings downgraded Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 8th. Seven investment 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 stock has an average rating of “Moderate Buy” and an average target price of $200.11.

About Avery Dennison

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.