Meyer Handelman Co. Has $2.33 Million Stake in Avery Dennison Corporation $AVY

Meyer Handelman Co. reduced its position in Avery Dennison Corporation (NYSE:AVY) by 32.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,477 shares of the industrial products company’s stock after selling 6,443 shares during the quarter. Meyer Handelman Co.’s holdings in Avery Dennison were worth $2,327,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bartlett & CO. Wealth Management LLC increased its stake in Avery Dennison by 16,900.0% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 170 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 169 shares during the last quarter. Root Financial Partners LLC increased its stake in shares of Avery Dennison by 60.8% in the 4th quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 73 shares during the last quarter. Godfrey Financial Associates Inc. bought a new position in shares of Avery Dennison in the 4th quarter valued at $37,000. CYBER HORNET ETFs LLC acquired a new position in shares of Avery Dennison during the 2nd quarter worth $37,000. Finally, Sound Income Strategies LLC lifted its position in shares of Avery Dennison by 51.1% during the 4th quarter. Sound Income Strategies LLC now owns 213 shares of the industrial products company’s stock worth $40,000 after buying an additional 72 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Argus set a $175.00 price objective on Avery Dennison in a research note on Thursday, June 4th. Raymond James Financial set a $192.00 target price on Avery Dennison in a research note on Tuesday, April 21st. JPMorgan Chase & Co. dropped their target price on shares of Avery Dennison from $205.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Truist Financial restated a “buy” rating and issued a $221.00 price target (down from $223.00) on shares of Avery Dennison in a research note on Wednesday, April 29th. Finally, UBS Group lowered 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 report on Friday, April 10th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $201.33.

Avery Dennison Price Performance

Shares of AVY opened at $164.65 on Friday. Avery Dennison Corporation has a 12-month low of $152.42 and a 12-month high of $199.54. The business has a 50-day simple moving average of $161.15 and a two-hundred day simple moving average of $174.66. The company has a quick ratio of 0.80, a current ratio of 1.15 and a debt-to-equity ratio of 1.38. The stock has a market cap of $12.59 billion, a PE ratio of 18.56, a PEG ratio of 2.81 and a beta of 0.82.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate 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 was up 7.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.30 EPS. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. Analysts anticipate that Avery Dennison Corporation will post 10.05 earnings per share for the current fiscal year.

Avery Dennison Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, June 3rd. This is a boost from Avery Dennison’s previous quarterly dividend of $0.94. Avery Dennison’s dividend payout ratio (DPR) is presently 45.10%.

Avery Dennison 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.