Shares of Avery Dennison Corporation (NYSE:AVY – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $201.2222.
Several equities analysts have recently issued reports on AVY shares. Wall Street Zen raised Avery Dennison from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Bank of America reissued a “buy” rating on shares of Avery Dennison in a report on Friday, August 14th. UBS Group raised their target price on Avery Dennison from $218.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Weiss Ratings upgraded Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Finally, Argus set a $175.00 price objective on Avery Dennison in a research note on Thursday, June 4th.
Check Out Our Latest Analysis on Avery Dennison
Avery Dennison Stock Down 0.3%
Avery Dennison (NYSE:AVY – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.42. Avery Dennison had a return on equity of 34.60% and a net margin of 7.62%.The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the prior year, the company posted $2.42 EPS. Avery Dennison’s quarterly revenue was up 10.9% compared to the same quarter last year. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. Equities research analysts forecast that Avery Dennison will post 10.15 EPS for the current year.
Avery Dennison Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be paid a dividend of $1.00 per share. The ex-dividend date is Wednesday, September 2nd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.2%. Avery Dennison’s payout ratio is 43.81%.
Insider Activity at Avery Dennison
In other news, SVP Ignacio J. Walker sold 1,742 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $171.61, for a total value of $298,944.62. Following the completion of the transaction, the senior vice president owned 7,585 shares of the company’s stock, valued at $1,301,661.85. This represents a 18.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.81% of the stock is owned by insiders.
Hedge Funds Weigh In On Avery Dennison
Several institutional investors have recently bought and sold shares of AVY. Coldstream Capital Management Inc. lifted its holdings 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 purchasing an additional 54 shares in the last quarter. Huntington National Bank grew 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 worth $333,000 after buying an additional 56 shares in the last quarter. Resources Management Corp CT ADV grew its stake in shares of Avery Dennison by 0.8% in 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 purchasing an additional 62 shares during the period. Rothschild Investment LLC raised its stake in shares of Avery Dennison by 22.9% in the fourth quarter. Rothschild Investment LLC now owns 387 shares of the industrial products company’s stock valued at $70,000 after acquiring an additional 72 shares during the last quarter. Finally, Root Financial Partners LLC increased its holdings in shares of Avery Dennison by 60.8% in the fourth quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 73 shares in the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.
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.
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