PNC Financial Services Group Inc. Sells 4,692 Shares of Avery Dennison Corporation $AVY

PNC Financial Services Group Inc. cut its stake in shares of Avery Dennison Corporation (NYSE:AVY) by 12.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,734 shares of the industrial products company’s stock after selling 4,692 shares during the period. PNC Financial Services Group Inc.’s holdings in Avery Dennison were worth $5,825,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AVY. Bartlett & CO. Wealth Management LLC grew its holdings in Avery Dennison by 16,900.0% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 170 shares of the industrial products company’s stock valued at $31,000 after buying an additional 169 shares in the last quarter. Root Financial Partners LLC lifted its holdings in shares of Avery Dennison by 60.8% during the fourth quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock worth $35,000 after buying an additional 73 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of Avery Dennison in the third quarter valued at about $36,000. Godfrey Financial Associates Inc. bought a new stake in shares of Avery Dennison in the fourth quarter valued at about $37,000. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Avery Dennison in the second quarter valued at about $37,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Raymond James Financial set a $192.00 price objective on shares of Avery Dennison in a research note on Tuesday, April 21st. JPMorgan Chase & Co. decreased their target price on shares of Avery Dennison from $205.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Argus set a $175.00 target price on shares of Avery Dennison in a report on Thursday, June 4th. UBS Group dropped their price target on shares of Avery Dennison from $226.00 to $222.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Finally, Bank of America boosted their price target on Avery Dennison from $202.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $200.11.

Avery Dennison Stock Up 0.1%

AVY stock opened at $161.11 on Monday. The company has a market cap of $12.32 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 2.86 and a beta of 0.82. The business has a 50-day simple moving average of $159.54 and a 200 day simple moving average of $171.68. Avery Dennison Corporation has a 52 week low of $152.42 and a 52 week high of $199.54. 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 (NYSE:AVY) last announced its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the company posted $2.30 earnings per share. The business’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. Sell-side analysts anticipate that Avery Dennison Corporation will post 10 EPS for the current fiscal year.

Avery Dennison Announces Dividend

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