Avery Dennison Corporation (NYSE:AVY) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Avery Dennison Corporation (NYSE:AVY) have received a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $201.2222.

AVY has been the topic of a number of research reports. Weiss Ratings upgraded Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Truist Financial dropped their target price on shares of Avery Dennison from $221.00 to $209.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. Argus set a $175.00 target price on shares of Avery Dennison in a research report on Thursday, June 4th. Bank of America reissued a “buy” rating on shares of Avery Dennison in a research note on Friday, August 14th. Finally, Wall Street Zen upgraded shares of Avery Dennison from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th.

Avery Dennison Price Performance

NYSE:AVY opened at $169.49 on Tuesday. The stock has a 50 day moving average of $170.76 and a two-hundred day moving average of $168.47. Avery Dennison has a 12 month low of $152.42 and a 12 month high of $199.54. The firm has a market cap of $12.85 billion, a P/E ratio of 18.56, a price-to-earnings-growth ratio of 2.05 and a beta of 0.81. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 1.37.

Avery Dennison (NYSE:AVY) last released its earnings results on Thursday, July 30th. The industrial products company reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.42. The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.30 billion. Avery Dennison had a return on equity of 34.60% and a net margin of 7.62%.The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.42 earnings per share. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. On average, analysts expect that Avery Dennison will post 10.15 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, September 2nd. Avery Dennison’s dividend payout ratio (DPR) is 43.81%.

Insider Buying and Selling at Avery Dennison

In other news, SVP Ignacio Walker sold 1,742 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $171.61, for a total transaction of $298,944.62. Following the transaction, the senior vice president directly owned 7,585 shares in the company, valued at $1,301,661.85. The trade was a 18.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.81% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Avery Dennison

A number of institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC increased its stake in shares of Avery Dennison by 6.4% in the 1st quarter. Empowered Funds LLC now owns 13,534 shares of the industrial products company’s stock worth $2,409,000 after acquiring an additional 819 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of Avery Dennison by 7.6% in the first quarter. Focus Partners Wealth now owns 3,918 shares of the industrial products company’s stock valued at $697,000 after purchasing an additional 278 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Avery Dennison in the first quarter valued at about $1,209,000. EverSource Wealth Advisors LLC increased its position in Avery Dennison by 164.6% during the second quarter. EverSource Wealth Advisors LLC now owns 389 shares of the industrial products company’s stock worth $68,000 after purchasing an additional 242 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in Avery Dennison during the second quarter worth about $241,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Avery Dennison Company Profile

Avery Dennison Corporation (NYSE: AVY) is a global materials science and manufacturing company that develops labeling, packaging, graphics, and functional material solutions. Its products are used by businesses in industries including retail, apparel, food and beverage, logistics, healthcare, automotive, and industrial manufacturing.

The company’s offerings include pressure-sensitive label and packaging materials, graphic films, reflective materials, specialty tapes, performance polymers, and other adhesive products.