Balyasny Asset Management L.P. Acquires 246,755 Shares of Avery Dennison Corporation $AVY

Balyasny Asset Management L.P. boosted its stake in shares of Avery Dennison Corporation (NYSE:AVY) by 53.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 708,877 shares of the industrial products company’s stock after acquiring an additional 246,755 shares during the quarter. Balyasny Asset Management L.P.’s holdings in Avery Dennison were worth $128,931,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Avery Dennison by 3.6% during the third quarter. Vanguard Group Inc. now owns 10,379,137 shares of the industrial products company’s stock worth $1,683,185,000 after acquiring an additional 361,231 shares in the last quarter. Fieldview Capital Management LLC raised its stake in Avery Dennison by 412.7% during the third quarter. Fieldview Capital Management LLC now owns 26,265 shares of the industrial products company’s stock worth $4,259,000 after acquiring an additional 21,142 shares in the last quarter. CPC Advisors LLC acquired a new position in Avery Dennison during the fourth quarter worth $1,464,000. Ameriprise Financial Inc. grew its position in Avery Dennison by 30.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,841,191 shares of the industrial products company’s stock worth $298,613,000 after acquiring an additional 435,156 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Avery Dennison by 3.8% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 155,643 shares of the industrial products company’s stock worth $25,241,000 after acquiring an additional 5,633 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Avery Dennison Stock Performance

Shares of Avery Dennison stock opened at $159.37 on Thursday. 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 firm has a market cap of $12.19 billion, a P/E ratio of 17.97, a P/E/G ratio of 2.78 and a beta of 0.82. The firm has a 50 day simple moving average of $162.55 and a 200 day simple moving average of $175.27. Avery Dennison Corporation has a fifty-two week low of $152.42 and a fifty-two week high of $199.54.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.41 by $0.06. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.26 billion. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. Avery Dennison’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.30 earnings per share. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. Sell-side analysts predict that Avery Dennison Corporation will post 10.05 earnings per share for the current fiscal year.

Avery Dennison Increases Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Wednesday, June 3rd. This is a boost from Avery Dennison’s previous quarterly dividend of $0.94. Avery Dennison’s dividend payout ratio is currently 45.10%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AVY. Deutsche Bank Aktiengesellschaft began coverage on Avery Dennison in a research report on Wednesday, April 1st. They set a “buy” rating and a $200.00 price target on the stock. Argus set a $175.00 price target on Avery Dennison in a research report on Thursday, June 4th. JPMorgan Chase & Co. decreased their price target on Avery Dennison from $205.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Raymond James Financial set a $192.00 price target on Avery Dennison in a research report on Tuesday, April 21st. Finally, Weiss Ratings lowered Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, June 8th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $201.33.

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.