Avery Dennison Corporation $AVY Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp raised its position in Avery Dennison Corporation (NYSE:AVY) by 241.6% during the first quarter, HoldingsChannel reports. The firm owned 16,781 shares of the industrial products company’s stock after purchasing an additional 11,868 shares during the period. Fifth Third Bancorp’s holdings in Avery Dennison were worth $2,898,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC lifted its position in Avery Dennison by 16,900.0% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 170 shares of the industrial products company’s stock worth $31,000 after buying an additional 169 shares in the last quarter. Root Financial Partners LLC raised its holdings in shares of Avery Dennison by 60.8% during the 4th quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 73 shares during the period. Godfrey Financial Associates Inc. acquired a new position in shares of Avery Dennison during the 4th quarter valued at about $37,000. CYBER HORNET ETFs LLC acquired a new position in shares of Avery Dennison during the 2nd quarter valued at about $37,000. Finally, Sound Income Strategies LLC raised its stake in Avery Dennison by 51.1% during the fourth quarter. Sound Income Strategies LLC now owns 213 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 72 shares during the period. Institutional investors and hedge funds own 94.17% of the company’s stock.

Avery Dennison Stock Down 1.2%

Shares of NYSE:AVY opened at $158.42 on Tuesday. Avery Dennison Corporation has a fifty-two week low of $152.42 and a fifty-two week high of $199.54. The firm’s 50 day moving average price is $159.63 and its 200 day moving average price is $172.36. 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 stock has a market cap of $12.12 billion, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 2.85 and a beta of 0.82.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings results 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 company had revenue of $2.30 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business earned $2.30 EPS. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. As a group, equities research analysts predict that Avery Dennison Corporation will post 10 earnings per share for the current fiscal year.

Avery Dennison Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.5%. 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 dividend payout ratio is presently 45.10%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AVY. Argus set a $175.00 price objective on Avery Dennison in a report on Thursday, June 4th. Bank of America boosted their price objective on shares of Avery Dennison from $202.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Truist Financial reduced their price target on shares of Avery Dennison from $221.00 to $209.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Weiss Ratings lowered 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 objective on shares of Avery Dennison in a research report on Tuesday, April 21st. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $200.11.

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.