15,000 Shares in Avery Dennison Corporation $AVY Purchased by Brant Point Investment Management LLC

Brant Point Investment Management LLC acquired a new position in shares of Avery Dennison Corporation (NYSE:AVY) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 15,000 shares of the industrial products company’s stock, valued at approximately $2,728,000.

A number of other hedge funds have also modified their holdings of AVY. Norges Bank bought a new position in shares of Avery Dennison during the fourth quarter worth about $188,438,000. Morgan Stanley grew its stake in Avery Dennison by 20.1% in the fourth quarter. Morgan Stanley now owns 3,869,889 shares of the industrial products company’s stock valued at $703,856,000 after purchasing an additional 647,795 shares in the last quarter. Wellington Management Group LLP grew its stake in Avery Dennison by 12.5% in the third quarter. Wellington Management Group LLP now owns 5,808,960 shares of the industrial products company’s stock valued at $942,039,000 after purchasing an additional 644,664 shares in the last quarter. Cooke & Bieler LP bought a new position in Avery Dennison in the fourth quarter valued at approximately $105,616,000. Finally, Balyasny Asset Management L.P. bought a new position in Avery Dennison in the third quarter valued at approximately $74,942,000. 94.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AVY has been the subject of a number of analyst reports. Citigroup decreased their price target on Avery Dennison from $190.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. JPMorgan Chase & Co. decreased their price target on Avery Dennison from $205.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Argus set a $175.00 price target on Avery Dennison in a research note on Thursday, June 4th. Deutsche Bank Aktiengesellschaft initiated coverage on Avery Dennison in a research note on Wednesday, April 1st. They issued a “buy” rating and a $200.00 price target for the company. Finally, Raymond James Financial set a $192.00 price target on Avery Dennison in a research note on Tuesday, April 21st. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $201.33.

Avery Dennison Stock Performance

AVY opened at $159.23 on Friday. Avery Dennison Corporation has a 12-month low of $152.42 and a 12-month high of $199.54. The stock has a market cap of $12.18 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 2.74 and a beta of 0.82. The business has a 50 day moving average of $163.18 and a 200-day moving average of $175.46. 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 quarterly earnings data 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 return on equity of 33.69% and a net margin of 7.66%.The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period last year, the firm posted $2.30 earnings per share. The business’s revenue was up 7.0% on a year-over-year basis. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. On average, equities research analysts expect that Avery Dennison Corporation will post 10.05 earnings per share for the current year.

Avery Dennison Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be given a $1.00 dividend. 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 dividend on an annualized basis and a dividend yield of 2.5%. Avery Dennison’s payout ratio is 45.10%.

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.