Avery Dennison Corporation $AVY Shares Purchased by iA Global Asset Management Inc.

iA Global Asset Management Inc. raised its stake in Avery Dennison Corporation (NYSE:AVY) by 102.3% during the 1st quarter, HoldingsChannel reports. The firm owned 7,948 shares of the industrial products company’s stock after acquiring an additional 4,020 shares during the period. iA Global Asset Management Inc.’s holdings in Avery Dennison were worth $1,372,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new stake in Avery Dennison in the fourth quarter valued at about $188,438,000. Morgan Stanley increased its position in Avery Dennison by 20.1% during the 4th quarter. Morgan Stanley now owns 3,869,889 shares of the industrial products company’s stock worth $703,856,000 after purchasing an additional 647,795 shares during the period. Wellington Management Group LLP raised its stake in shares of Avery Dennison by 12.5% during the 3rd quarter. Wellington Management Group LLP now owns 5,808,960 shares of the industrial products company’s stock worth $942,039,000 after buying an additional 644,664 shares in the last quarter. Cooke & Bieler LP acquired a new stake in shares of Avery Dennison in the 4th quarter valued at approximately $105,616,000. Finally, Balyasny Asset Management L.P. acquired a new position in shares of Avery Dennison during the 3rd quarter worth $74,942,000. 94.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Raymond James Financial set a $192.00 price target on Avery Dennison in a report on Tuesday, April 21st. UBS Group cut their price target on Avery Dennison from $226.00 to $222.00 and set a “buy” rating for the company in a research note on Friday, April 10th. JPMorgan Chase & Co. decreased their price objective on shares of Avery Dennison from $205.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Citigroup dropped their target price on shares of Avery Dennison from $190.00 to $185.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Finally, Weiss Ratings cut shares of Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, June 8th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Avery Dennison has a consensus rating of “Moderate Buy” and an average price target of $201.33.

Avery Dennison Price Performance

Avery Dennison stock opened at $166.82 on Friday. The stock has a market capitalization of $12.76 billion, a P/E ratio of 18.81, a P/E/G ratio of 2.82 and a beta of 0.82. Avery Dennison Corporation has a 12-month low of $152.42 and a 12-month high of $199.54. 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’s 50-day moving average is $160.59 and its two-hundred day moving average is $174.18.

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 the consensus estimate of $2.41 by $0.06. Avery Dennison had a return on equity of 33.69% and a net margin of 7.66%.The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the previous year, the firm posted $2.30 EPS. Avery Dennison’s revenue was up 7.0% on a year-over-year basis. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. Equities analysts predict that Avery Dennison Corporation will post 10 earnings per share for the current year.

Avery Dennison Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.4%. This is a boost from Avery Dennison’s previous quarterly dividend of $0.94. The ex-dividend date was Wednesday, June 3rd. Avery Dennison’s payout ratio is presently 45.10%.

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.