Louisiana State Employees Retirement System Makes New Investment in Avery Dennison Corporation $AVY

Louisiana State Employees Retirement System acquired a new position in Avery Dennison Corporation (NYSE:AVY) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,900 shares of the industrial products company’s stock, valued at approximately $673,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Coldstream Capital Management Inc. grew its position in shares of Avery Dennison by 2.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 2,163 shares of the industrial products company’s stock valued at $393,000 after buying an additional 54 shares during the last quarter. Huntington National Bank lifted its holdings in Avery Dennison by 3.2% in the fourth quarter. Huntington National Bank now owns 1,832 shares of the industrial products company’s stock worth $333,000 after acquiring an additional 56 shares during the last quarter. Capital Investment Advisors LLC boosted its stake in Avery Dennison by 3.4% in the fourth quarter. Capital Investment Advisors LLC now owns 1,838 shares of the industrial products company’s stock valued at $334,000 after acquiring an additional 61 shares during the period. Resources Management Corp CT ADV grew its holdings in shares of Avery Dennison by 0.8% during the second quarter. Resources Management Corp CT ADV now owns 7,800 shares of the industrial products company’s stock valued at $1,369,000 after purchasing an additional 62 shares during the last quarter. Finally, Mather Group LLC. raised its position in shares of Avery Dennison by 3.6% during the 4th quarter. Mather Group LLC. now owns 1,860 shares of the industrial products company’s stock worth $338,000 after purchasing an additional 64 shares during the period. 94.17% of the stock is owned by institutional investors and hedge funds.

Avery Dennison Price Performance

NYSE:AVY traded up $0.97 during midday trading on Tuesday, hitting $167.01. 14,435 shares of the stock were exchanged, compared to its average volume of 667,957. The company has a market capitalization of $12.77 billion, a price-to-earnings ratio of 18.83, a P/E/G ratio of 2.89 and a beta of 0.82. The company has a current ratio of 1.15, a quick ratio of 0.80 and a debt-to-equity ratio of 1.38. Avery Dennison Corporation has a one year low of $152.42 and a one year high of $199.54. The business has a 50-day moving average price of $160.56 and a two-hundred day moving average price of $173.95.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.06. Avery Dennison had a return on equity of 33.69% and a net margin of 7.66%.The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the company posted $2.30 EPS. The firm’s quarterly revenue 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 predict that Avery Dennison Corporation will post 10 EPS for the current year.

Avery Dennison Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, June 3rd. 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 2.4%. Avery Dennison’s dividend payout ratio is presently 45.10%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AVY. Truist Financial reaffirmed a “buy” rating and issued a $221.00 target price (down from $223.00) on shares of Avery Dennison in a research report on Wednesday, April 29th. UBS Group lowered 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. Argus set a $175.00 price objective on shares of Avery Dennison in a research report on Thursday, June 4th. Citigroup cut their price objective on shares of Avery Dennison from $190.00 to $185.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Finally, Weiss Ratings downgraded shares of Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 8th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $201.33.

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.