Avery Dennison (NYSE:AVY) Reaches New 1-Year Low – Here’s Why

Avery Dennison Corporation (NYSE:AVY)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $152.68 and last traded at $158.2760, with a volume of 808196 shares traded. The stock had previously closed at $154.26.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Truist Financial reaffirmed a “buy” rating and set a $221.00 price objective (down from $223.00) on shares of Avery Dennison in a report on Wednesday, April 29th. Citigroup reduced their price objective on shares of Avery Dennison from $190.00 to $185.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Avery Dennison in a report on Friday, March 27th. 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 report on Friday, April 10th. Finally, BMO Capital Markets raised their price objective on shares of Avery Dennison from $215.00 to $224.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Avery Dennison has a consensus rating of “Moderate Buy” and an average target price of $204.11.

Avery Dennison Stock Up 2.6%

The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.80 and a current ratio of 1.15. The stock has a market cap of $12.11 billion, a price-to-earnings ratio of 17.84, a PEG ratio of 2.65 and a beta of 0.84. The firm’s 50-day simple moving average is $167.00 and its two-hundred day simple moving average is $177.23.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.06. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.26 billion. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. Avery Dennison’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.30 earnings per share. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. On average, sell-side analysts expect that Avery Dennison Corporation will post 10.05 EPS for the current fiscal year.

Avery Dennison Increases Dividend

The company also recently disclosed 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 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 is Wednesday, June 3rd. Avery Dennison’s dividend payout ratio is presently 42.39%.

Insider Buying and Selling

In related news, Director Mitchell R. Butier sold 13,000 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $171.50, for a total value of $2,229,500.00. Following the sale, the director directly owned 198,147 shares of the company’s stock, valued at approximately $33,982,210.50. The trade was a 6.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.81% of the company’s stock.

Institutional Trading of Avery Dennison

A number of institutional investors have recently made changes to their positions in AVY. Vanguard Group Inc. grew its stake in Avery Dennison by 3.6% in the third quarter. Vanguard Group Inc. now owns 10,379,137 shares of the industrial products company’s stock worth $1,683,185,000 after purchasing an additional 361,231 shares in the last quarter. Johnson Investment Counsel Inc. grew its stake in Avery Dennison by 11.7% in the third quarter. Johnson Investment Counsel Inc. now owns 351,635 shares of the industrial products company’s stock worth $57,025,000 after purchasing an additional 36,698 shares in the last quarter. Fieldview Capital Management LLC grew its stake in Avery Dennison by 412.7% in the third quarter. Fieldview Capital Management LLC now owns 26,265 shares of the industrial products company’s stock worth $4,259,000 after purchasing an additional 21,142 shares in the last quarter. WCM Investment Management LLC acquired a new position in Avery Dennison in the third quarter worth about $2,785,000. Finally, CPC Advisors LLC acquired a new position in Avery Dennison in the fourth quarter worth about $1,464,000. Institutional investors own 94.17% of the company’s stock.

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.