Illinois Municipal Retirement Fund lifted its holdings in Avery Dennison Corporation (NYSE:AVY – Free Report) by 25.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 38,438 shares of the industrial products company’s stock after buying an additional 7,739 shares during the period. Illinois Municipal Retirement Fund’s holdings in Avery Dennison were worth $6,637,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Coldstream Capital Management Inc. increased its holdings in 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 worth $393,000 after purchasing an additional 54 shares in the last quarter. Huntington National Bank lifted its stake in Avery Dennison by 3.2% in the fourth quarter. Huntington National Bank now owns 1,832 shares of the industrial products company’s stock valued at $333,000 after buying an additional 56 shares during the period. Capital Investment Advisors LLC boosted its holdings in shares of 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 worth $334,000 after buying an additional 61 shares in the last quarter. 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 worth $1,369,000 after buying an additional 62 shares in the last quarter. Finally, Mather Group LLC. grew 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 buying an additional 64 shares during the period. Institutional investors own 94.17% of the company’s stock.
Wall Street Analysts Forecast Growth
AVY has been the topic of several research analyst reports. JPMorgan Chase & Co. cut their target price on shares of Avery Dennison from $205.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft began coverage on shares of Avery Dennison in a research note on Wednesday, April 1st. They issued a “buy” rating and a $200.00 price target for the company. UBS Group dropped their price objective on shares of Avery Dennison from $226.00 to $222.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Weiss Ratings downgraded Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, June 8th. Finally, Bank of America boosted their target price on Avery Dennison from $202.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $200.11.
Avery Dennison Price Performance
AVY opened at $160.49 on Friday. 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 capitalization of $12.28 billion, a price-to-earnings ratio of 18.09, a P/E/G ratio of 2.90 and a beta of 0.82. The firm’s fifty day moving average price is $159.70 and its two-hundred day moving average price is $172.61. Avery Dennison Corporation has a 1 year low of $152.42 and a 1 year high of $199.54.
Avery Dennison (NYSE:AVY – Get Free Report) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the prior year, the business posted $2.30 EPS. The business’s revenue was up 7.0% compared to the same quarter last year. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. As a group, analysts anticipate that Avery Dennison Corporation will post 10 earnings per share for the current fiscal year.
Avery Dennison Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.5%. 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 currently 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.
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