Avery Dennison Corporation (NYSE:AVY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Avery Dennison Corporation (NYSE:AVY) have received a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $200.1111.

A number of research analysts recently commented on the company. UBS Group reduced their price target on Avery Dennison from $226.00 to $222.00 and set a “buy” rating for the company in a report on Friday, April 10th. Bank of America upped their target price on Avery Dennison from $202.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Weiss Ratings downgraded shares of Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, June 8th. Citigroup dropped their price target on shares of Avery Dennison from $185.00 to $184.00 and set a “neutral” rating for the company in a research note on Thursday, July 9th. Finally, Raymond James Financial set a $192.00 price objective on shares of Avery Dennison in a research note on Tuesday, April 21st.

Avery Dennison Stock Performance

Avery Dennison stock opened at $161.11 on Monday. Avery Dennison has a 12-month low of $152.42 and a 12-month high of $199.54. 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 $12.32 billion, a price-to-earnings ratio of 18.16, a price-to-earnings-growth ratio of 2.86 and a beta of 0.82. The firm’s fifty day moving average price is $159.54 and its 200 day moving average price is $171.68.

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, beating analysts’ consensus estimates of $2.41 by $0.06. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the prior year, the company posted $2.30 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. On average, research analysts forecast that Avery Dennison will post 10 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $4.00 annualized dividend and a dividend yield of 2.5%. Avery Dennison’s dividend payout ratio (DPR) is presently 45.10%.

Institutional Trading of Avery Dennison

Institutional investors and hedge funds have recently modified their holdings of the business. CPC Advisors LLC bought a new position in Avery Dennison during the 4th quarter worth $1,464,000. Retirement Systems of Alabama lifted its stake in Avery Dennison by 87.9% in the fourth quarter. Retirement Systems of Alabama now owns 228,979 shares of the industrial products company’s stock valued at $41,647,000 after buying an additional 107,109 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Avery Dennison by 8.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 169,137 shares of the industrial products company’s stock valued at $30,857,000 after buying an additional 13,494 shares during the last quarter. Wolverine Asset Management LLC acquired a new position in shares of Avery Dennison during the fourth quarter valued at $2,546,000. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Avery Dennison by 59.1% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 67,193 shares of the industrial products company’s stock worth $12,221,000 after acquiring an additional 24,953 shares during the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.

About Avery Dennison

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.