Analysts Set Avery Dennison Corporation (NYSE:AVY) Target Price at $204.11

Shares of Avery Dennison Corporation (NYSE:AVY) have been given an average rating of “Moderate Buy” by the ten ratings firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $204.1111.

AVY has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price target on Avery Dennison from $205.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Citigroup dropped their price target on Avery Dennison from $190.00 to $185.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. BMO Capital Markets upped their price target on Avery Dennison from $215.00 to $224.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. UBS Group dropped their price target on Avery Dennison from $226.00 to $222.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Finally, Truist Financial reaffirmed a “buy” rating and set a $221.00 price target (down from $223.00) on shares of Avery Dennison in a research report on Wednesday, April 29th.

Insider Activity at Avery Dennison

In other news, Director Mitchell R. Butier sold 20,000 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $173.88, for a total transaction of $3,477,600.00. Following the transaction, the director owned 211,147 shares of the company’s stock, valued at $36,714,240.36. This represents a 8.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.81% of the stock is owned by corporate insiders.

Institutional Trading of Avery Dennison

A number of institutional investors have recently added to or reduced their stakes in the stock. Coldstream Capital Management Inc. boosted its position in shares of Avery Dennison by 2.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 2,163 shares of the industrial products company’s stock valued at $393,000 after purchasing an additional 54 shares in the last quarter. Huntington National Bank boosted its position in shares of Avery Dennison by 3.2% during the fourth quarter. Huntington National Bank now owns 1,832 shares of the industrial products company’s stock valued at $333,000 after purchasing an additional 56 shares in the last quarter. Portside Wealth Group LLC boosted its position in shares of Avery Dennison by 4.7% during the third quarter. Portside Wealth Group LLC now owns 1,340 shares of the industrial products company’s stock valued at $217,000 after purchasing an additional 60 shares in the last quarter. Capital Investment Advisors LLC boosted its position in shares of Avery Dennison by 3.4% during the fourth quarter. Capital Investment Advisors LLC now owns 1,838 shares of the industrial products company’s stock valued at $334,000 after purchasing an additional 61 shares in the last quarter. Finally, Resources Management Corp CT ADV boosted its position in shares of Avery Dennison by 0.8% during the second quarter. Resources Management Corp CT ADV now owns 7,800 shares of the industrial products company’s stock valued at $1,369,000 after purchasing an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Avery Dennison Stock Down 1.2%

AVY stock opened at $160.09 on Wednesday. The stock’s fifty day simple moving average is $170.41 and its two-hundred day simple moving average is $178.18. The company has a current ratio of 1.15, a quick ratio of 0.80 and a debt-to-equity ratio of 1.38. Avery Dennison has a 1-year low of $156.23 and a 1-year high of $199.54. The stock has a market cap of $12.24 billion, a P/E ratio of 18.05, a P/E/G ratio of 2.78 and a beta of 0.84.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.06. Avery Dennison had a return on equity of 33.69% and a net margin of 7.66%.The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the previous year, the firm earned $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. Analysts expect that Avery Dennison will post 10.06 EPS for the current year.

Avery Dennison Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.5%. This is a boost from Avery Dennison’s previous quarterly dividend of $0.94. Avery Dennison’s payout ratio is currently 42.39%.

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.