Resources Management Corp CT ADV Buys 4,144 Shares of Avery Dennison Corporation $AVY

Resources Management Corp CT ADV lifted its stake in shares of Avery Dennison Corporation (NYSE:AVY) by 1,801.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,374 shares of the industrial products company’s stock after purchasing an additional 4,144 shares during the quarter. Resources Management Corp CT ADV’s holdings in Avery Dennison were worth $796,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bartlett & CO. Wealth Management LLC grew its holdings in shares of Avery Dennison by 16,900.0% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 170 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 169 shares during the last quarter. Root Financial Partners LLC grew 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 valued at $35,000 after purchasing an additional 73 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of Avery Dennison during the 3rd quarter valued at approximately $36,000. Godfrey Financial Associates Inc. bought a new stake in Avery Dennison during the 4th quarter worth approximately $37,000. Finally, CYBER HORNET ETFs LLC bought a new stake in Avery Dennison during the 2nd quarter worth approximately $37,000. 94.17% of the stock is owned by institutional investors.

Avery Dennison Stock Up 0.5%

Shares of NYSE AVY opened at $159.99 on Tuesday. The company has a market capitalization of $12.24 billion, a P/E ratio of 18.04, a price-to-earnings-growth ratio of 2.74 and a beta of 0.82. Avery Dennison Corporation has a 52-week low of $152.42 and a 52-week high of $199.54. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.80 and a current ratio of 1.15. The company’s 50 day moving average price is $162.95 and its 200-day moving average price is $175.44.

Avery Dennison (NYSE:AVY) last issued 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 firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.26 billion. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.30 EPS. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. Equities analysts forecast that Avery Dennison Corporation will post 10.05 earnings per share for the current year.

Avery Dennison Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd will be issued a dividend of $1.00 per share. The ex-dividend date is Wednesday, June 3rd. This is a positive change from Avery Dennison’s previous quarterly dividend of $0.94. This represents a $4.00 annualized dividend and a yield of 2.5%. Avery Dennison’s dividend payout ratio is currently 45.10%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Citigroup reduced their target price on shares of Avery Dennison from $190.00 to $185.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Truist Financial reissued a “buy” rating and set a $221.00 target price (down from $223.00) on shares of Avery Dennison in a report on Wednesday, April 29th. JPMorgan Chase & Co. reduced their target price on shares of Avery Dennison from $205.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Argus set a $175.00 target price on shares of Avery Dennison in a report on Thursday, June 4th. Finally, Weiss Ratings lowered shares of Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 8th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Avery Dennison currently has an average rating of “Moderate Buy” and a consensus target price of $201.33.

Avery Dennison Company 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.