Avery Dennison Corporation (NYSE:AVY) Stock Has Average Price Target of $199.20

Shares of Avery Dennison Corporation (NYSE:AVY) have received a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $199.20.

Several brokerages have weighed in on AVY. Jefferies Financial Group reiterated a “hold” rating and issued a $181.00 target price on shares of Avery Dennison in a research note on Monday, September 28th. Wall Street Zen upgraded Avery Dennison from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Citigroup increased their price target on Avery Dennison from $184.00 to $186.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Bank of America restated a “buy” rating on shares of Avery Dennison in a report on Friday, August 14th. Finally, Weiss Ratings raised Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th.

Avery Dennison Stock Up 0.1%

Shares of NYSE AVY opened at $167.77 on Friday. The company has a market capitalization of $12.72 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 2.02 and a beta of 0.79. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 0.79. Avery Dennison has a 1 year low of $152.42 and a 1 year high of $199.54. The business has a 50-day moving average of $174.09 and a two-hundred day moving average of $167.02.

Avery Dennison (NYSE:AVY) last posted its earnings results on Thursday, July 30th. The industrial products company reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.42. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.30 billion. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. The company’s revenue was up 10.9% on a year-over-year basis. During the same period last year, the firm posted $2.42 EPS. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. On average, analysts forecast that Avery Dennison will post 10.15 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, September 2nd. Avery Dennison’s dividend payout ratio (DPR) is presently 43.81%.

Insider Activity

In other news, SVP Ignacio Walker sold 1,742 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $171.61, for a total transaction 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 $1,301,661.85. This represents a 18.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Nicholas Colisto sold 3,886 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $170.68, for a total transaction of $663,262.48. Following the transaction, the senior vice president owned 7,126 shares in the company, valued at approximately $1,216,265.68. The trade was a 35.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.81% of the stock is owned by insiders.

Hedge Funds Weigh In On Avery Dennison

A number of institutional investors and hedge funds have recently bought and sold shares of AVY. Bank of America Corp DE acquired a new position in shares of Avery Dennison in the 2nd quarter valued at $142,169,000. HighTower Advisors LLC grew its stake in Avery Dennison by 32.9% during the 2nd quarter. HighTower Advisors LLC now owns 68,647 shares of the industrial products company’s stock valued at $11,145,000 after acquiring an additional 17,003 shares in the last quarter. AXQ Capital LP acquired a new stake in shares of Avery Dennison during the second quarter worth approximately $1,053,000. Corient Private Wealth LP grew its position in Avery Dennison by 91.1% during the second quarter. Corient Private Wealth LP now owns 124,011 shares of the industrial products company’s stock valued at $20,133,000 after purchasing an additional 59,109 shares in the last quarter. Finally, Kepler Cheuvreux Suisse SA acquired a new position in Avery Dennison in the 1st quarter valued at approximately $1,158,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

About Avery Dennison

Avery Dennison Corporation (NYSE: AVY) is a global materials science and manufacturing company that develops pressure-sensitive adhesives, functional materials and intelligent labeling solutions. Its products help identify, brand, decorate, track and protect products across a range of industries.

The company serves the apparel, retail, consumer goods, logistics, food, healthcare, automotive and industrial markets. Its offerings include label and graphic materials, self-adhesive tapes, specialty films, RFID inlays and tags, apparel labels, retail branding systems, packaging solutions and healthcare-related materials.

Avery Dennison was founded in 1935 by R.