Avery Dennison (NYSE:AVY) Reaches New 52-Week Low – Here’s What Happened

Avery Dennison Corporation (NYSE:AVY)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $152.42 and last traded at $153.6170, with a volume of 183030 shares changing hands. The stock had previously closed at $155.18.

Wall Street Analyst Weigh In

AVY has been the subject of several recent research reports. Citigroup lowered their price objective on shares of Avery Dennison from $190.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Argus set a $175.00 price target on shares of Avery Dennison in a research report on Thursday, June 4th. Deutsche Bank Aktiengesellschaft began coverage on shares of Avery Dennison in a research note on Wednesday, April 1st. They issued a “buy” rating and a $200.00 price target for the company. UBS Group reduced their price objective on Avery Dennison from $226.00 to $222.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Finally, Truist Financial reissued a “buy” rating and set a $221.00 target price (down from $223.00) on shares of Avery Dennison in a research note on Wednesday, April 29th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $201.33.

Avery Dennison Stock Performance

The stock’s 50-day simple moving average is $163.97 and its 200 day simple moving average is $175.72. The company has a market capitalization of $12.01 billion, a PE ratio of 17.70, a P/E/G ratio of 2.63 and a beta of 0.82. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.80 and a current ratio of 1.15.

Avery Dennison (NYSE:AVY) last issued its earnings results on Tuesday, April 28th. The industrial products company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.06. The firm had revenue of $2.30 billion during 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 was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.30 earnings per share. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. As a group, research analysts expect 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. Shareholders 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 is a positive change from Avery Dennison’s previous quarterly dividend of $0.94. This represents a $4.00 annualized dividend and a dividend yield of 2.5%. Avery Dennison’s dividend payout ratio is 45.10%.

Insider Buying and Selling at Avery Dennison

In related news, Director Mitchell R. Butier sold 13,000 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $171.50, for a total value of $2,229,500.00. Following the completion of the sale, the director directly owned 198,147 shares of the company’s stock, valued at $33,982,210.50. This represents a 6.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On Avery Dennison

Large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of 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 buying an additional 361,231 shares during the last quarter. Johnson Investment Counsel Inc. raised its stake in Avery Dennison by 11.7% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 351,635 shares of the industrial products company’s stock valued at $57,025,000 after acquiring an additional 36,698 shares during the last quarter. Fieldview Capital Management LLC lifted its position in Avery Dennison by 412.7% during the 3rd 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 during the period. CPC Advisors LLC purchased a new position in shares of Avery Dennison in the 4th quarter valued at approximately $1,464,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of Avery Dennison by 30.9% in the third quarter. Ameriprise Financial Inc. now owns 1,841,191 shares of the industrial products company’s stock valued at $298,613,000 after purchasing an additional 435,156 shares during the period. 94.17% of the stock is owned by institutional investors and hedge funds.

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.