Avery Dennison (NYSE:AVY) Upgraded at Wall Street Zen

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

A number of other brokerages have also recently commented on AVY. Citigroup upped their target price on shares of Avery Dennison from $184.00 to $186.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Argus set a $175.00 price target on shares of Avery Dennison in a research note on Thursday, June 4th. UBS Group upped their price objective on Avery Dennison from $218.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Raymond James Financial set a $192.00 target price on Avery Dennison in a report on Tuesday, April 21st. Finally, Truist Financial lowered their target price on Avery Dennison from $221.00 to $209.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $201.22.

Avery Dennison Trading Up 0.5%

Shares of NYSE:AVY opened at $178.01 on Friday. The stock’s 50-day simple moving average is $162.53 and its two-hundred day simple moving average is $170.58. The stock has a market capitalization of $13.49 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 3.07 and a beta of 0.81. Avery Dennison has a 52-week low of $152.42 and a 52-week high of $199.54. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.79 and a current ratio of 1.13.

Avery Dennison (NYSE:AVY) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.89 EPS for the quarter, beating the consensus estimate of $2.47 by $0.42. The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.30 billion. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.42 EPS. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. Analysts expect that Avery Dennison will post 10.13 EPS for the current year.

Avery Dennison Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Wednesday, September 2nd. Avery Dennison’s dividend payout ratio is presently 43.81%.

Insider Buying and Selling at Avery Dennison

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

Institutional Trading of Avery Dennison

Several institutional investors and hedge funds have recently added to or reduced their stakes in AVY. Trust Co. of Vermont bought a new position in Avery Dennison in the 2nd quarter worth approximately $27,000. Bartlett & CO. Wealth Management LLC increased its holdings in Avery Dennison by 16,900.0% in the 4th 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. Elevation Wealth Partners LLC boosted its holdings in shares of Avery Dennison by 684.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 196 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 171 shares during the last quarter. Root Financial Partners LLC grew its position in shares of Avery Dennison by 60.8% during the fourth 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 in the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of Avery Dennison in the third quarter worth about $36,000. Institutional investors own 94.17% of the company’s stock.

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.