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

Avery Dennison Corporation (NYSE:AVY) hit a new 52-week low during trading on Friday . The company traded as low as $156.13 and last traded at $156.3840, with a volume of 353926 shares. The stock had previously closed at $159.11.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Avery Dennison in a research note on Friday, March 27th. Raymond James Financial set a $192.00 price target on Avery Dennison in a research note on Tuesday, April 21st. Citigroup decreased their price target on Avery Dennison from $190.00 to $185.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Truist Financial reissued a “buy” rating and issued a $221.00 price target (down from $223.00) on shares of Avery Dennison in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Avery Dennison from $205.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $204.11.

Avery Dennison Trading Down 1.8%

The business’s fifty day moving average is $169.04 and its 200-day moving average is $177.83. The stock has a market capitalization of $11.95 billion, a PE ratio of 17.61, a P/E/G ratio of 2.73 and a beta of 0.84. The company has a quick ratio of 0.80, a current ratio of 1.15 and a debt-to-equity ratio of 1.38.

Avery Dennison (NYSE:AVY) last released its earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.06. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The firm 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 earned $2.30 earnings per share. Avery Dennison’s revenue was up 7.0% compared to the same quarter last year. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. As a group, analysts anticipate that Avery Dennison Corporation will post 10.05 EPS for the current fiscal year.

Avery Dennison Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be issued a $1.00 dividend. The ex-dividend date is Wednesday, June 3rd. This is a positive change from Avery Dennison’s previous quarterly dividend of $0.94. This represents a $4.00 dividend on an annualized basis and a yield of 2.6%. Avery Dennison’s payout ratio is presently 42.39%.

Insider Transactions at Avery Dennison

In other Avery Dennison news, Director Mitchell R. Butier sold 13,000 shares of Avery Dennison stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $171.50, for a total transaction of $2,229,500.00. Following the transaction, the director directly owned 198,147 shares of the company’s stock, valued at $33,982,210.50. The trade was a 6.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.81% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bartlett & CO. Wealth Management LLC lifted its position in Avery Dennison by 16,900.0% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 170 shares of the industrial products company’s stock valued at $31,000 after buying an additional 169 shares in the last quarter. Root Financial Partners LLC lifted its position in Avery Dennison by 60.8% during the fourth quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock valued at $35,000 after buying an additional 73 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new position in Avery Dennison during the third quarter valued at approximately $36,000. Godfrey Financial Associates Inc. acquired a new position in Avery Dennison during the fourth quarter valued at approximately $37,000. Finally, CYBER HORNET ETFs LLC acquired a new position in Avery Dennison during the second quarter valued at approximately $37,000. 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.