Avery Dennison Corporation (NYSE:AVY) Stock Has Average Target Price of $199.20 According to Brokerages

Shares of Avery Dennison Corporation (NYSE:AVY) have been given a consensus rating of “Moderate Buy” by the ten analysts that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $199.20.

Several equities analysts have issued reports on AVY shares. UBS Group upped their target price on shares of Avery Dennison from $218.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Bank of America reiterated a “buy” rating on shares of Avery Dennison in a research note on Friday, August 14th. Jefferies Financial Group reissued a “hold” rating and set a $181.00 price objective on shares of Avery Dennison in a report on Monday, September 28th. Truist Financial lowered their price objective on shares of Avery Dennison from $221.00 to $209.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Finally, Citigroup raised their target price on shares of Avery Dennison from $184.00 to $186.00 and gave the stock a “neutral” rating in a report on Friday, July 31st.

Avery Dennison Stock Up 0.2%

AVY stock opened at $170.14 on Friday. Avery Dennison has a 1-year low of $152.42 and a 1-year high of $199.54. The business has a fifty day moving average price of $174.30 and a 200-day moving average price of $166.91. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 0.79. The stock has a market capitalization of $12.90 billion, a P/E ratio of 18.64, a P/E/G ratio of 2.05 and a beta of 0.79.

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

Avery Dennison Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, September 2nd. Avery Dennison’s dividend payout ratio is presently 43.81%.

Insiders Place Their Bets

In other news, SVP Nicholas Colisto sold 3,886 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $170.68, for a total value of $663,262.48. Following the transaction, the senior vice president directly owned 7,126 shares in the company, valued at $1,216,265.68. This trade represents a 35.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Ignacio Walker sold 1,742 shares of Avery Dennison stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $171.61, for a total value of $298,944.62. Following the completion of the sale, the senior vice president directly owned 7,585 shares of the company’s stock, valued at $1,301,661.85. The trade was a 18.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On Avery Dennison

Large investors have recently made changes to their positions in the company. Trust Co. of Vermont bought a new position in shares of Avery Dennison in the 2nd quarter worth approximately $27,000. Elevation Wealth Partners LLC grew its position in Avery Dennison by 684.0% during the second quarter. Elevation Wealth Partners LLC now owns 196 shares of the industrial products company’s stock valued at $32,000 after buying an additional 171 shares during the period. Root Financial Partners LLC grew 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 during the period. Roxbury Financial LLC purchased a new stake in Avery Dennison during the second quarter valued at approximately $40,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Avery Dennison during the second quarter valued at approximately $40,000. 94.17% of the stock is currently owned by institutional investors.

About Avery Dennison

Avery Dennison Corporation (NYSE: AVY) is a global materials science and manufacturing company that develops pressure-sensitive adhesives, functional materials and intelligent labeling solutions. Its products help identify, brand, decorate, track and protect products across a range of industries.

The company serves the apparel, retail, consumer goods, logistics, food, healthcare, automotive and industrial markets. Its offerings include label and graphic materials, self-adhesive tapes, specialty films, RFID inlays and tags, apparel labels, retail branding systems, packaging solutions and healthcare-related materials.

Avery Dennison was founded in 1935 by R.