Deprince Race & Zollo Inc. Invests $26.80 Million in Avery Dennison Corporation $AVY

Deprince Race & Zollo Inc. bought a new position in shares of Avery Dennison Corporation (NYSE:AVY) during the first quarter, Holdings Channel.com reports. The fund bought 155,172 shares of the industrial products company’s stock, valued at approximately $26,795,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC grew its holdings in Avery Dennison by 16,900.0% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 170 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 169 shares in the last quarter. Root Financial Partners LLC raised its holdings in shares of Avery Dennison by 60.8% in the 4th quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 73 shares in the last quarter. Godfrey Financial Associates Inc. acquired a new stake in shares of Avery Dennison in the 4th quarter valued at $37,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Avery Dennison during the 2nd quarter worth $37,000. Finally, Sound Income Strategies LLC lifted its position in shares of Avery Dennison by 51.1% during the 4th quarter. Sound Income Strategies LLC now owns 213 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 72 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Analyst Ratings Changes

AVY has been the topic of several recent analyst reports. Truist Financial reissued a “buy” rating and issued a $221.00 target price (down from $223.00) on shares of Avery Dennison in a report on Wednesday, April 29th. Citigroup decreased their price target on Avery Dennison from $190.00 to $185.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Raymond James Financial set a $192.00 price objective on Avery Dennison in a research report on Tuesday, April 21st. UBS Group dropped their price objective on Avery Dennison from $226.00 to $222.00 and set a “buy” rating on the stock in a report on Friday, April 10th. 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 analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Avery Dennison presently has a consensus rating of “Moderate Buy” and a consensus price target of $201.33.

Avery Dennison Price Performance

Shares of NYSE:AVY opened at $163.34 on Thursday. Avery Dennison Corporation has a 12 month low of $152.42 and a 12 month high of $199.54. The firm has a market capitalization of $12.49 billion, a P/E ratio of 18.42, a P/E/G ratio of 2.79 and a beta of 0.82. 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 company’s fifty day moving average price is $160.65 and its 200 day moving average price is $174.30.

Avery Dennison (NYSE:AVY) last released its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.06. The company 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%. Avery Dennison’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior 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, 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 company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were given a $1.00 dividend. This is a boost from Avery Dennison’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.4%. Avery Dennison’s payout ratio is currently 45.10%.

Avery Dennison 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.