Avery Dennison (NYSE:AVY) Hits New 52-Week Low – Here’s Why

Avery Dennison Corporation (NYSE:AVY)’s stock price reached a new 52-week low on Friday . The stock traded as low as $156.13 and last traded at $156.3840, with a volume of 353926 shares changing hands. The stock had previously closed at $159.11.

Analyst Ratings Changes

Several analysts have weighed in on the company. Truist Financial reaffirmed a “buy” rating and issued a $221.00 price target (down from $223.00) on shares of Avery Dennison in a report on Wednesday, April 29th. Raymond James Financial set a $192.00 price target on Avery Dennison in a report on Tuesday, April 21st. 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. BMO Capital Markets raised their price target on Avery Dennison from $215.00 to $224.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Finally, Citigroup lowered their price target on Avery Dennison from $190.00 to $185.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $204.11.

Avery Dennison Trading Down 1.8%

The company has a market capitalization of $11.95 billion, a PE ratio of 17.61, a PEG ratio of 2.69 and a beta of 0.84. The company has a current ratio of 1.15, a quick ratio of 0.80 and a debt-to-equity ratio of 1.38. The stock has a fifty day moving average of $168.42 and a two-hundred day moving average of $177.68.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings data 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 company had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Avery Dennison had a return on equity of 33.69% and a net margin of 7.66%.Avery Dennison’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $2.30 EPS. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. As a group, sell-side analysts anticipate that Avery Dennison Corporation will post 10.05 earnings per share for the current fiscal year.

Avery Dennison Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.6%. This is a positive change from Avery Dennison’s previous quarterly dividend of $0.94. Avery Dennison’s payout ratio is 45.10%.

Insider Buying and Selling at Avery Dennison

In related news, Director Mitchell R. Butier sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $173.88, for a total transaction of $3,477,600.00. Following the transaction, the director directly owned 211,147 shares of the company’s stock, valued at approximately $36,714,240.36. This trade represents a 8.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Avery Dennison

A number of large investors have recently modified their holdings of the company. Coldstream Capital Management Inc. increased its stake in Avery Dennison by 2.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,163 shares of the industrial products company’s stock worth $393,000 after purchasing an additional 54 shares during the period. Huntington National Bank increased its stake in Avery Dennison by 3.2% in the 4th quarter. Huntington National Bank now owns 1,832 shares of the industrial products company’s stock worth $333,000 after purchasing an additional 56 shares during the period. Portside Wealth Group LLC increased its stake in Avery Dennison by 4.7% in the 3rd quarter. Portside Wealth Group LLC now owns 1,340 shares of the industrial products company’s stock worth $217,000 after purchasing an additional 60 shares during the period. Capital Investment Advisors LLC increased its stake in Avery Dennison by 3.4% in the 4th quarter. Capital Investment Advisors LLC now owns 1,838 shares of the industrial products company’s stock worth $334,000 after purchasing an additional 61 shares during the period. Finally, Resources Management Corp CT ADV increased its stake in Avery Dennison by 0.8% in the 2nd quarter. Resources Management Corp CT ADV now owns 7,800 shares of the industrial products company’s stock worth $1,369,000 after purchasing an additional 62 shares during the period. 94.17% of the stock is owned by hedge funds and other institutional investors.

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.