Avery Dennison (NYSE:AVY) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of Avery Dennison (NYSE:AVY) from a hold rating to a buy rating in a research report released on Saturday.

A number of other equities analysts have also recently issued reports on the stock. Truist Financial dropped their price target on shares of Avery Dennison from $221.00 to $209.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Weiss Ratings lowered shares of Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, June 8th. Citigroup lifted their target price on shares of Avery Dennison from $184.00 to $186.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. JPMorgan Chase & Co. increased their price target on shares of Avery Dennison from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Finally, UBS Group raised their price target on shares of Avery Dennison from $218.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Avery Dennison currently has an average rating of “Moderate Buy” and a consensus target price of $201.22.

Avery Dennison Stock Up 1.8%

Shares of NYSE:AVY opened at $177.08 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 1.37. The stock has a fifty day simple moving average of $162.08 and a two-hundred day simple moving average of $170.74. Avery Dennison has a 12-month low of $152.42 and a 12-month high of $199.54. The stock has a market capitalization of $13.42 billion, a price-to-earnings ratio of 19.40, a PEG ratio of 3.07 and a beta of 0.81.

Avery Dennison (NYSE:AVY) last released its earnings results on Thursday, July 30th. The industrial products company reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.47 by $0.42. Avery Dennison had a return on equity of 34.60% and a net margin of 7.62%.The firm had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same period in the prior year, the firm posted $2.42 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. On average, research analysts anticipate that Avery Dennison will post 10.13 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.3%. The ex-dividend date is Wednesday, September 2nd. Avery Dennison’s dividend payout ratio (DPR) is presently 43.81%.

Insiders Place Their Bets

In other Avery Dennison news, SVP Ignacio J. Walker sold 1,742 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $171.61, for a total value of $298,944.62. Following the completion of the transaction, the senior vice president owned 7,585 shares of the company’s stock, valued at approximately $1,301,661.85. The trade was a 18.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.81% of the company’s stock.

Institutional Trading of Avery Dennison

A number of large investors have recently made changes to their positions in the stock. Coldstream Capital Management Inc. lifted its position in Avery Dennison by 2.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 2,163 shares of the industrial products company’s stock valued at $393,000 after purchasing an additional 54 shares during the period. Huntington National Bank grew its position in Avery Dennison by 3.2% in the 4th quarter. Huntington National Bank now owns 1,832 shares of the industrial products company’s stock worth $333,000 after purchasing an additional 56 shares during the period. Resources Management Corp CT ADV grew its position in Avery Dennison by 0.8% in the 2nd quarter. Resources Management Corp CT ADV now owns 7,800 shares of the industrial products company’s stock worth $1,369,000 after purchasing an additional 62 shares during the period. Sound Income Strategies LLC raised its stake in Avery Dennison by 51.1% during the 4th quarter. Sound Income Strategies LLC now owns 213 shares of the industrial products company’s stock valued at $40,000 after buying an additional 72 shares during the last quarter. Finally, Rothschild Investment LLC raised its stake in Avery Dennison by 22.9% during the 4th quarter. Rothschild Investment LLC now owns 387 shares of the industrial products company’s stock valued at $70,000 after buying an additional 72 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors.

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.