Twin Capital Management Inc. Takes Position in Avery Dennison Corporation $AVY

Twin Capital Management Inc. purchased a new position in Avery Dennison Corporation (NYSE:AVY) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,256 shares of the industrial products company’s stock, valued at approximately $562,000.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AVY shares. 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 price target for the company. JPMorgan Chase & Co. reduced their price objective 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. Weiss Ratings lowered Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, June 8th. UBS Group dropped their target price on Avery Dennison from $226.00 to $222.00 and set a “buy” rating for the company in a report on Friday, April 10th. Finally, Raymond James Financial set a $192.00 target price on Avery Dennison in a research note on Tuesday, April 21st. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $200.11.

Avery Dennison Stock Performance

Avery Dennison stock opened at $163.09 on Friday. The firm has a 50 day simple moving average of $159.76 and a 200-day simple moving average of $172.70. The stock has a market cap of $12.47 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.15 and a quick ratio of 0.80. Avery Dennison Corporation has a 1-year low of $152.42 and a 1-year high of $199.54.

Avery Dennison (NYSE:AVY) last released its quarterly 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. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the previous year, the company earned $2.30 EPS. The business’s revenue for the quarter 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, analysts expect that Avery Dennison Corporation will post 10 EPS for the current year.

Avery Dennison Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were given a $1.00 dividend. This is an increase from Avery Dennison’s previous quarterly dividend of $0.94. This represents a $4.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Wednesday, June 3rd. Avery Dennison’s dividend payout ratio (DPR) is presently 45.10%.

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.