Reflection Asset Management Purchases New Position in Avery Dennison Corporation $AVY

Reflection Asset Management purchased a new stake in Avery Dennison Corporation (NYSE:AVY) during the fourth quarter, Holdings Channel reports. The firm purchased 5,744 shares of the industrial products company’s stock, valued at approximately $1,045,000.

Other hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC boosted its stake in shares of Avery Dennison by 6.4% in the 1st quarter. Empowered Funds LLC now owns 13,534 shares of the industrial products company’s stock valued at $2,409,000 after purchasing an additional 819 shares in the last quarter. Focus Partners Wealth increased its position in shares of Avery Dennison by 7.6% during the 1st quarter. Focus Partners Wealth now owns 3,918 shares of the industrial products company’s stock worth $697,000 after purchasing an additional 278 shares in the last quarter. Intech Investment Management LLC bought a new position in Avery Dennison during the 1st quarter valued at about $1,209,000. EverSource Wealth Advisors LLC lifted its holdings in Avery Dennison by 164.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 389 shares of the industrial products company’s stock valued at $68,000 after purchasing an additional 242 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in Avery Dennison in the second quarter valued at about $241,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Avery Dennison Price Performance

Shares of AVY stock opened at $158.60 on Friday. Avery Dennison Corporation has a 1 year low of $152.42 and a 1 year high of $199.54. The firm’s 50 day moving average is $162.04 and its 200-day moving average is $175.06. The firm has a market capitalization of $12.13 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 2.73 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 (NYSE:AVY) last issued its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.41 by $0.06. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter last year, the business posted $2.30 earnings per share. Avery Dennison’s revenue for the quarter was up 7.0% compared to the same quarter last year. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. Sell-side analysts forecast that Avery Dennison Corporation will post 10.05 EPS for the current fiscal year.

Avery Dennison Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $4.00 annualized dividend and a yield of 2.5%. This is an increase from Avery Dennison’s previous quarterly dividend of $0.94. Avery Dennison’s dividend payout ratio (DPR) is presently 45.10%.

Analyst Ratings Changes

Several brokerages have weighed in on AVY. Citigroup decreased 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. Raymond James Financial set a $192.00 target price on Avery Dennison in a report on Tuesday, April 21st. UBS Group decreased their price target on Avery Dennison from $226.00 to $222.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Truist Financial reiterated a “buy” rating and issued a $221.00 price objective (down from $223.00) on shares of Avery Dennison in a research report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Avery Dennison in a report on Wednesday, April 1st. They set a “buy” rating and a $200.00 target price on the stock. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.