Avery Dennison Corporation (NYSE:AVY) Receives $201.22 Average Target Price from Analysts

Avery Dennison Corporation (NYSE:AVY) has earned an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $201.2222.

A number of research firms have recently commented on AVY. Weiss Ratings raised Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. UBS Group raised their target price on Avery Dennison from $218.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Citigroup lifted their target price on Avery Dennison from $184.00 to $186.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Truist Financial cut their price target on shares of Avery Dennison from $221.00 to $209.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. Finally, Wall Street Zen upgraded shares of Avery Dennison from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th.

Insider Transactions at Avery Dennison

In other news, SVP Ignacio Walker sold 1,742 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $171.61, for a total transaction of $298,944.62. Following the completion of the sale, the senior vice president directly owned 7,585 shares of the company’s stock, valued at $1,301,661.85. This trade represents a 18.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Avery Dennison

A number of institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System increased its holdings in Avery Dennison by 17,665.0% in the 2nd quarter. California State Teachers Retirement System now owns 31,738,613 shares of the industrial products company’s stock valued at $5,152,764,000 after buying an additional 31,559,955 shares during the period. BlackRock Inc. acquired a new stake in Avery Dennison in the 2nd quarter valued at $1,052,464,000. Wellington Management Group LLP grew its holdings in shares of Avery Dennison by 9.1% in the 2nd quarter. Wellington Management Group LLP now owns 5,788,479 shares of the industrial products company’s stock worth $939,760,000 after purchasing an additional 482,054 shares during the last quarter. Norges Bank bought a new stake in Avery Dennison during the fourth quarter worth about $188,438,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Avery Dennison by 1.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 956,886 shares of the industrial products company’s stock valued at $155,350,000 after purchasing an additional 17,769 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Avery Dennison Trading Up 1.0%

Shares of AVY stock opened at $171.05 on Tuesday. Avery Dennison has a 1 year low of $152.42 and a 1 year high of $199.54. The firm has a market capitalization of $12.96 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 2.05 and a beta of 0.81. The stock has a fifty day moving average of $170.86 and a two-hundred day moving average of $168.09. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.79 and a current ratio of 1.13.

Avery Dennison (NYSE:AVY) last issued 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 company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same period last year, the company earned $2.42 earnings per share. The company’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. As a group, research analysts expect that Avery Dennison will post 10.15 EPS for the current year.

Avery Dennison Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Wednesday, September 2nd. Avery Dennison’s dividend payout ratio (DPR) is presently 43.81%.

Avery Dennison Company Profile

Avery Dennison Corporation (NYSE: AVY) is a global materials science and manufacturing company that develops labeling, packaging, graphics, and functional material solutions. Its products are used by businesses in industries including retail, apparel, food and beverage, logistics, healthcare, automotive, and industrial manufacturing.

The company’s offerings include pressure-sensitive label and packaging materials, graphic films, reflective materials, specialty tapes, performance polymers, and other adhesive products.