Avery Dennison Corporation (NYSE:AVY) Receives $201.22 Average Price Target from Analysts

Shares of Avery Dennison Corporation (NYSE:AVY) have been assigned an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $201.2222.

A number of research firms have weighed in on AVY. UBS Group increased their price objective on Avery Dennison from $218.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Weiss Ratings raised Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Wall Street Zen upgraded Avery Dennison from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. JPMorgan Chase & Co. increased their price target on Avery Dennison from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Finally, Argus set a $175.00 price objective on shares of Avery Dennison in a research report on Thursday, June 4th.

Avery Dennison Trading Down 0.5%

NYSE AVY opened at $168.96 on Tuesday. The firm’s fifty day moving average is $170.71 and its two-hundred day moving average is $168.46. Avery Dennison has a one year low of $152.42 and a one year high of $199.54. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.79 and a current ratio of 1.13. The firm has a market cap of $12.81 billion, a PE ratio of 18.51, a P/E/G ratio of 2.05 and a beta of 0.81.

Avery Dennison (NYSE:AVY) last announced its earnings results on Thursday, July 30th. The industrial products company reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.42. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the prior year, the firm earned $2.42 earnings per share. The business’s quarterly 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. Analysts expect that Avery Dennison will post 10.15 earnings per share for the current year.

Avery Dennison Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be issued a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. Avery Dennison’s payout ratio is presently 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 dated Tuesday, August 4th. The shares were 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.81% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Avery Dennison

A number of hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC boosted its holdings in Avery Dennison by 23.8% in the 2nd quarter. Tidal Investments LLC now owns 14,802 shares of the industrial products company’s stock valued at $2,403,000 after purchasing an additional 2,850 shares in the last quarter. Squarepoint Ops LLC grew its holdings in Avery Dennison by 1,402.2% during the second quarter. Squarepoint Ops LLC now owns 30,870 shares of the industrial products company’s stock worth $5,012,000 after acquiring an additional 28,815 shares during the period. Arizona State Retirement System raised its position in Avery Dennison by 5.0% in the second quarter. Arizona State Retirement System now owns 22,053 shares of the industrial products company’s stock worth $3,580,000 after acquiring an additional 1,049 shares in the last quarter. Empirical Finance LLC raised its position in Avery Dennison by 3.2% in the second quarter. Empirical Finance LLC now owns 2,935 shares of the industrial products company’s stock worth $476,000 after acquiring an additional 90 shares in the last quarter. Finally, Nykredit A S acquired a new stake in Avery Dennison in the second quarter valued at $2,626,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

About Avery Dennison

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.