Avery Dennison (NYSE:AVY) Hits New 12-Month Low – Here’s Why

Avery Dennison Corporation (NYSE:AVY) shares hit a new 52-week low on Thursday . The stock traded as low as $152.68 and last traded at $158.2760, with a volume of 808196 shares. The stock had previously closed at $154.26.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Raymond James Financial set a $192.00 target price on Avery Dennison in a research report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft assumed coverage on Avery Dennison in a research report on Wednesday, April 1st. They issued a “buy” rating and a $200.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Avery Dennison in a research report on Friday, March 27th. JPMorgan Chase & Co. cut their target price 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. Finally, Truist Financial reaffirmed a “buy” rating and issued a $221.00 target price (down from $223.00) on shares of Avery Dennison in a research report on Wednesday, April 29th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $204.11.

Avery Dennison Stock Up 0.5%

The firm has a 50-day simple moving average of $166.39 and a 200 day simple moving average of $176.99. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.15 and a quick ratio of 0.80. The company has a market capitalization of $12.21 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 2.73 and a beta of 0.84.

Avery Dennison (NYSE:AVY) last released its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.47 EPS for the quarter, beating 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 company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the company posted $2.30 earnings per share. The firm’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. On average, research analysts predict that Avery Dennison Corporation will post 10.05 EPS for the current fiscal year.

Avery Dennison Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.5%. This is a boost from Avery Dennison’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Wednesday, June 3rd. Avery Dennison’s dividend payout ratio is 45.10%.

Insider Buying and Selling

In other Avery Dennison news, Director Mitchell R. Butier sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $173.88, for a total value of $3,477,600.00. Following the transaction, the director directly owned 211,147 shares of the company’s stock, valued at $36,714,240.36. This trade represents a 8.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.81% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Avery Dennison by 3.6% during the third quarter. Vanguard Group Inc. now owns 10,379,137 shares of the industrial products company’s stock worth $1,683,185,000 after acquiring an additional 361,231 shares during the last quarter. Johnson Investment Counsel Inc. grew its stake in Avery Dennison by 11.7% in the third quarter. Johnson Investment Counsel Inc. now owns 351,635 shares of the industrial products company’s stock worth $57,025,000 after purchasing an additional 36,698 shares in the last quarter. Fieldview Capital Management LLC grew its stake in Avery Dennison by 412.7% in the third quarter. Fieldview Capital Management LLC now owns 26,265 shares of the industrial products company’s stock worth $4,259,000 after purchasing an additional 21,142 shares in the last quarter. WCM Investment Management LLC acquired a new position in Avery Dennison in the third quarter worth about $2,785,000. Finally, CPC Advisors LLC acquired a new position in Avery Dennison in the fourth quarter worth about $1,464,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

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.