Resources Management Corp CT ADV Purchases 4,144 Shares of Avery Dennison Corporation $AVY

Resources Management Corp CT ADV grew its position in Avery Dennison Corporation (NYSE:AVY) by 1,801.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,374 shares of the industrial products company’s stock after acquiring an additional 4,144 shares during the period. Resources Management Corp CT ADV’s holdings in Avery Dennison were worth $796,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of AVY. Norges Bank bought a new position in shares of Avery Dennison in the 4th quarter valued at about $188,438,000. Morgan Stanley grew its position in shares of Avery Dennison by 20.1% in the 4th quarter. Morgan Stanley now owns 3,869,889 shares of the industrial products company’s stock valued at $703,856,000 after acquiring an additional 647,795 shares during the period. Wellington Management Group LLP grew its position in shares of Avery Dennison by 12.5% in the 3rd quarter. Wellington Management Group LLP now owns 5,808,960 shares of the industrial products company’s stock valued at $942,039,000 after acquiring an additional 644,664 shares during the period. Cooke & Bieler LP bought a new position in shares of Avery Dennison in the 4th quarter valued at about $105,616,000. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Avery Dennison during the 3rd quarter worth about $74,942,000. Institutional investors own 94.17% of the company’s stock.

Analyst Upgrades and Downgrades

AVY has been the subject of a number of research reports. Argus set a $175.00 target price on shares of Avery Dennison in a research note on Thursday, June 4th. Truist Financial restated a “buy” rating and set a $221.00 target price (down from $223.00) on shares of Avery Dennison in a research note on Wednesday, April 29th. Weiss Ratings cut shares of Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, June 8th. UBS Group cut their target price on shares of Avery Dennison from $226.00 to $222.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Avery Dennison in a research note on Wednesday, April 1st. They set a “buy” rating and a $200.00 target price for the company. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $201.33.

Avery Dennison Price Performance

AVY stock opened at $159.99 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 1.15 and a debt-to-equity ratio of 1.38. Avery Dennison Corporation has a 12 month low of $152.42 and a 12 month high of $199.54. The firm has a market cap of $12.24 billion, a P/E ratio of 18.04, a P/E/G ratio of 2.74 and a beta of 0.82. The company’s 50-day moving average price is $162.95 and its two-hundred day moving average price is $175.44.

Avery Dennison (NYSE:AVY) last released its earnings results 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. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.26 billion. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the firm earned $2.30 EPS. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. On average, analysts anticipate that Avery Dennison Corporation will post 10.05 earnings per share for the current fiscal year.

Avery Dennison Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be issued a dividend of $1.00 per share. 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. This represents a $4.00 annualized dividend and a dividend yield of 2.5%. Avery Dennison’s payout ratio is presently 45.10%.

Avery Dennison 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.