Avery Dennison (NYSE:AVY) Given New $203.00 Price Target at Truist Financial

Avery Dennison (NYSE:AVY) had its price target cut by Truist Financial from $204.00 to $203.00 in a research note published on Monday, MarketBeat reports. They currently have a buy rating on the industrial products company’s stock.

A number of other research firms have also recently issued reports on AVY. Bank of America boosted their price objective on Avery Dennison from $195.00 to $208.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Citigroup lowered their target price on Avery Dennison from $191.00 to $177.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Raymond James Financial upped their target price on Avery Dennison from $194.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. UBS Group lowered their target price on Avery Dennison from $188.00 to $181.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Avery Dennison in a report on Saturday, September 27th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Avery Dennison presently has a consensus rating of “Moderate Buy” and an average price target of $195.30.

Avery Dennison Price Performance

AVY opened at $157.58 on Monday. The business has a fifty day moving average of $167.63 and a 200 day moving average of $172.93. Avery Dennison has a 52-week low of $157.00 and a 52-week high of $222.16. The company has a quick ratio of 0.70, a current ratio of 1.04 and a debt-to-equity ratio of 1.19. The stock has a market cap of $12.29 billion, a P/E ratio of 17.69, a PEG ratio of 2.34 and a beta of 0.95.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.38 by $0.04. Avery Dennison had a return on equity of 33.14% and a net margin of 8.14%.The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter in the previous year, the business earned $2.42 EPS. Avery Dennison’s revenue was down .7% compared to the same quarter last year. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. As a group, sell-side analysts anticipate that Avery Dennison will post 9.96 EPS for the current year.

Avery Dennison Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd were given a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, September 3rd. Avery Dennison’s payout ratio is presently 42.20%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Avery Dennison by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 10,017,906 shares of the industrial products company’s stock worth $1,757,842,000 after acquiring an additional 58,643 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Avery Dennison by 0.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,249,377 shares of the industrial products company’s stock worth $756,262,000 after acquiring an additional 24,068 shares in the last quarter. State Street Corp increased its position in Avery Dennison by 0.6% during the 2nd quarter. State Street Corp now owns 3,646,614 shares of the industrial products company’s stock valued at $639,871,000 after buying an additional 23,309 shares in the last quarter. Victory Capital Management Inc. increased its position in Avery Dennison by 17.3% during the 1st quarter. Victory Capital Management Inc. now owns 1,582,933 shares of the industrial products company’s stock valued at $281,715,000 after buying an additional 233,062 shares in the last quarter. Finally, Invesco Ltd. increased its position in Avery Dennison by 2.6% during the 2nd quarter. Invesco Ltd. now owns 1,582,590 shares of the industrial products company’s stock valued at $277,697,000 after buying an additional 40,803 shares in the last quarter. 94.17% of the stock is owned by institutional investors.

Avery Dennison Company Profile

Avery Dennison Corporation operates as a materials science and digital identification solutions company in the United States, Europe, the Middle East, North Africa, Asia, Latin, America, and internationally. It provides pressure-sensitive materials comprising papers, plastic films, metal foils, and fabrics; performance tapes products, including tapes for wire harnessing, as well as cable wrapping for automotive, electrical, and general industrial applications; mechanical fasteners, which are precision-extruded and injection-molded plastic devices used in various automotive, general industrial, and retail applications; and other pressure-sensitive adhesive-based materials and converted products under the Fasson, JAC, Yongle, and Avery Dennison brands.