Franklin Resources Inc. Acquires 410,112 Shares of Avient Corporation $AVNT

Franklin Resources Inc. boosted its holdings in shares of Avient Corporation (NYSE:AVNT) by 11.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,090,286 shares of the company’s stock after purchasing an additional 410,112 shares during the period. Franklin Resources Inc.’s holdings in Avient were worth $127,781,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AVNT. Royal Bank of Canada lifted its holdings in shares of Avient by 1.0% in the first quarter. Royal Bank of Canada now owns 128,730 shares of the company’s stock valued at $4,782,000 after purchasing an additional 1,321 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Avient by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,760 shares of the company’s stock valued at $1,998,000 after acquiring an additional 2,341 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Avient by 294.8% in the first quarter. NewEdge Advisors LLC now owns 9,340 shares of the company’s stock valued at $347,000 after acquiring an additional 6,974 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of Avient in the first quarter valued at about $224,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Avient by 3.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 297,976 shares of the company’s stock valued at $11,073,000 after acquiring an additional 10,535 shares during the last quarter. 95.48% of the stock is currently owned by institutional investors.

Avient Stock Down 1.1%

Shares of NYSE:AVNT opened at $35.08 on Thursday. The company has a fifty day moving average of $35.93 and a 200-day moving average of $35.39. The company has a market capitalization of $3.22 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 1.13 and a beta of 1.28. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.29 and a current ratio of 1.77. Avient Corporation has a 52-week low of $27.48 and a 52-week high of $44.85.

Avient (NYSE:AVNT) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.02. The company had revenue of $847.40 million during the quarter, compared to the consensus estimate of $846.35 million. Avient had a net margin of 4.81% and a return on equity of 11.11%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.76 earnings per share. Avient has set its Q2 2026 guidance at 0.890-0.890 EPS and its FY 2026 guidance at 2.930-3.170 EPS. On average, equities analysts predict that Avient Corporation will post 3.08 EPS for the current fiscal year.

Avient Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, June 18th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Thursday, June 18th. Avient’s dividend payout ratio is presently 63.95%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AVNT. Wells Fargo & Company lifted their target price on Avient from $42.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Robert W. Baird set a $43.00 target price on Avient in a research report on Friday, May 8th. Wall Street Zen raised Avient from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Morgan Stanley set a $45.00 price target on Avient in a research report on Friday, February 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Avient in a report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Avient presently has an average rating of “Hold” and a consensus target price of $45.71.

Avient Company Profile

Avient Corporation (NYSE: AVNT) is a global provider of specialized and sustainable polymer materials, delivering color, additive and engineered solutions to a wide range of industries. The company’s core offerings include masterbatches, colorant systems, compounds and resins designed to enhance performance, aesthetics and environmental sustainability. Avient serves markets such as packaging, automotive, consumer goods, healthcare, electronics, and agriculture, tailoring products to meet stringent regulatory and end-use requirements.

Formed through a corporate rebranding in 2020 following the divestiture of PolyOne’s specialty businesses, Avient traces its heritage to a legacy of polymer innovation spanning decades.