Avery Dennison (NYSE:AVY) Sets New 52-Week Low – What’s Next?

Avery Dennison Corporation (NYSE:AVY) shares reached a new 52-week low on Monday . The company traded as low as $152.42 and last traded at $153.6170, with a volume of 183030 shares traded. The stock had previously closed at $155.18.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Argus set a $175.00 price target on shares of Avery Dennison in a research report on Thursday. UBS Group dropped 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. Citigroup dropped their price target on shares of Avery Dennison from $190.00 to $185.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Avery Dennison in a research report on Wednesday, April 1st. They issued a “buy” rating and a $200.00 price target for the company. Finally, Truist Financial reiterated a “buy” rating and issued a $221.00 price target (down from $223.00) on shares of Avery Dennison in a research report on Wednesday, April 29th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $201.33.

Avery Dennison Stock Down 1.4%

The company has a market capitalization of $11.70 billion, a PE ratio of 17.24, a PEG ratio of 2.67 and a beta of 0.82. The company’s 50 day moving average is $164.45 and its two-hundred day moving average is $175.90. The company has a quick ratio of 0.80, a current ratio of 1.15 and a debt-to-equity ratio of 1.38.

Avery Dennison (NYSE:AVY) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.06. The company 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%. Avery Dennison’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the company posted $2.30 earnings per share. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. On average, analysts anticipate that Avery Dennison Corporation will post 10.05 earnings per share for the current year.

Avery Dennison Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This is a positive change from Avery Dennison’s previous quarterly dividend of $0.94. This represents a $4.00 annualized dividend and a yield of 2.6%. Avery Dennison’s dividend payout ratio is 45.10%.

Insiders Place Their Bets

In related news, Director Mitchell R. Butier sold 20,000 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $173.88, for a total transaction of $3,477,600.00. Following the completion of the transaction, the director directly owned 211,147 shares of the company’s stock, valued at approximately $36,714,240.36. This trade represents a 8.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Avery Dennison

Several institutional investors have recently bought and sold shares of the business. 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 last quarter. Huntington National Bank lifted its position in Avery Dennison by 3.2% during the fourth quarter. Huntington National Bank now owns 1,832 shares of the industrial products company’s stock valued at $333,000 after purchasing an additional 56 shares during the last quarter. Portside Wealth Group LLC lifted its holdings in shares of Avery Dennison by 4.7% in the 3rd quarter. Portside Wealth Group LLC now owns 1,340 shares of the industrial products company’s stock worth $217,000 after acquiring an additional 60 shares during the last quarter. Capital Investment Advisors LLC lifted its holdings in shares of Avery Dennison by 3.4% in the 4th quarter. Capital Investment Advisors LLC now owns 1,838 shares of the industrial products company’s stock worth $334,000 after acquiring an additional 61 shares during the last quarter. Finally, Resources Management Corp CT ADV lifted its holdings in shares of 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 acquiring an additional 62 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.

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.