OP Asset Management Ltd Buys Shares of 9,312 Avery Dennison Corporation $AVY

OP Asset Management Ltd purchased a new position in Avery Dennison Corporation (NYSE:AVY) during the first quarter, HoldingsChannel.com reports. The fund purchased 9,312 shares of the industrial products company’s stock, valued at approximately $1,608,000.

Other large investors also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC grew its stake in Avery Dennison by 16,900.0% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 170 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 169 shares in the last quarter. Root Financial Partners LLC lifted its stake in Avery Dennison by 60.8% in the 4th quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 73 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in Avery Dennison in the 3rd quarter valued at $36,000. Godfrey Financial Associates Inc. purchased a new position in shares of Avery Dennison during the 4th quarter valued at $37,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Avery Dennison during the 2nd quarter valued at $37,000. 94.17% of the stock is currently owned by institutional investors.

Avery Dennison Stock Performance

NYSE:AVY opened at $165.75 on Monday. The company has a market capitalization of $12.68 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 2.85 and a beta of 0.82. The business has a 50 day moving average of $161.10 and a 200 day moving average of $174.60. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.15 and a quick ratio of 0.80. Avery Dennison Corporation has a 1-year low of $152.42 and a 1-year 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 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.06. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the business earned $2.30 earnings per share. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. On average, 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. Investors of record on Wednesday, June 3rd were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. This is an increase from Avery Dennison’s previous quarterly dividend of $0.94. Avery Dennison’s payout ratio is 45.10%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft initiated coverage on Avery Dennison in a research report on Wednesday, April 1st. They issued a “buy” rating and a $200.00 price objective on the stock. Citigroup reduced their target price on Avery Dennison from $190.00 to $185.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Truist Financial restated a “buy” rating and issued a $221.00 target price (down from $223.00) on shares of Avery Dennison in a research note on Wednesday, April 29th. JPMorgan Chase & Co. lowered their price target on Avery Dennison from $205.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Finally, Raymond James Financial set a $192.00 price target on Avery Dennison in a research report on Tuesday, April 21st. 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, the company currently has an average rating of “Moderate Buy” and an average 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.