Avery Dennison’s (AVY) “Buy” Rating Reiterated at Truist Financial

Truist Financial reaffirmed their buy rating on shares of Avery Dennison (NYSE:AVY) in a research note released on Wednesday morning, MarketBeat Ratings reports. Truist Financial currently has a $221.00 price objective on the industrial products company’s stock, down from their prior price objective of $223.00.

Other analysts have also recently issued reports about the stock. Raymond James Financial set a $192.00 price objective on shares of Avery Dennison in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft began coverage on shares of Avery Dennison in a research note on Wednesday, April 1st. They issued a “buy” rating and a $200.00 price objective for the company. UBS Group reduced their price objective 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. Weiss Ratings reissued a “hold (c)” rating on shares of Avery Dennison in a research note on Friday, March 27th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Avery Dennison from $195.00 to $205.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Avery Dennison presently has a consensus rating of “Moderate Buy” and a consensus price target of $204.11.

Avery Dennison Stock Performance

Shares of NYSE AVY opened at $163.20 on Wednesday. The firm has a fifty day moving average price of $174.26 and a 200-day moving average price of $177.92. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.15 and a quick ratio of 0.76. The stock has a market cap of $12.55 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 2.83 and a beta of 1.00. Avery Dennison has a 1 year low of $156.23 and a 1 year high of $199.54.

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. The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.30 earnings per share. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. Equities analysts anticipate that Avery Dennison will post 10.06 earnings per share for the current fiscal year.

Avery Dennison Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This is a positive change from Avery Dennison’s previous quarterly dividend of $0.94. This represents a $4.00 annualized dividend and a yield of 2.5%. Avery Dennison’s dividend payout ratio is 45.10%.

Insider Buying and Selling at Avery Dennison

In related news, SVP Ignacio J. Walker sold 1,156 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $192.95, for a total transaction of $223,050.20. Following the completion of the transaction, the senior vice president directly owned 7,588 shares of the company’s stock, valued at approximately $1,464,104.60. This trade represents a 13.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mitchell R. Butier sold 20,000 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $173.88, for a total transaction of $3,477,600.00. Following the transaction, the director directly owned 211,147 shares of the company’s stock, valued at $36,714,240.36. The trade was a 8.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 34,156 shares of company stock valued at $5,930,150 over the last ninety days. 0.81% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Avery Dennison

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Avery Dennison by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 10,448,799 shares of the industrial products company’s stock valued at $1,900,428,000 after purchasing an additional 69,662 shares during the last quarter. Wellington Management Group LLP lifted its position in Avery Dennison by 12.5% during the third quarter. Wellington Management Group LLP now owns 5,808,960 shares of the industrial products company’s stock valued at $942,039,000 after purchasing an additional 644,664 shares during the last quarter. Morgan Stanley lifted its position in Avery Dennison by 20.1% during the fourth quarter. Morgan Stanley now owns 3,869,889 shares of the industrial products company’s stock valued at $703,856,000 after purchasing an additional 647,795 shares during the last quarter. State Street Corp lifted its position in Avery Dennison by 0.9% during the fourth quarter. State Street Corp now owns 3,701,598 shares of the industrial products company’s stock valued at $673,247,000 after purchasing an additional 34,124 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Avery Dennison by 30.9% during the third quarter. Ameriprise Financial Inc. now owns 1,841,191 shares of the industrial products company’s stock valued at $298,613,000 after purchasing an additional 435,156 shares during the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

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.