Avery Dennison (NYSE:AVY) Upgraded to Buy at Argus

Argus upgraded shares of Avery Dennison (NYSE:AVY) from a hold rating to a buy rating in a research note issued to investors on Tuesday, Marketbeat.com reports. The brokerage currently has $200.00 price target on the industrial products company’s stock.

A number of other analysts have also issued reports on AVY. Citigroup decreased their price target on Avery Dennison from $191.00 to $177.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. JPMorgan Chase & Co. upgraded Avery Dennison from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $182.00 to $195.00 in a report on Thursday, October 23rd. Truist Financial cut their price objective on Avery Dennison from $204.00 to $203.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Weiss Ratings restated a “hold (c-)” rating on shares of Avery Dennison in a report on Tuesday, October 14th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $210.00 target price on shares of Avery Dennison in a report on Thursday, October 23rd. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Avery Dennison currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.55.

Avery Dennison Stock Down 0.8%

Avery Dennison stock opened at $179.09 on Tuesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.89 and a current ratio of 1.26. The firm has a market capitalization of $13.97 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 2.45 and a beta of 0.95. Avery Dennison has a fifty-two week low of $156.23 and a fifty-two week high of $209.83. The stock’s fifty day moving average is $166.96 and its two-hundred day moving average is $172.90.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.05. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.22 billion. Avery Dennison had a return on equity of 33.67% and a net margin of 7.93%.The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.33 earnings per share. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. Analysts predict that Avery Dennison will post 9.96 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be paid a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Wednesday, December 3rd. Avery Dennison’s dividend payout ratio (DPR) is 42.78%.

Institutional Investors Weigh In On Avery Dennison

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings 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 valued at $1,757,842,000 after acquiring an additional 58,643 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings 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 valued at $756,262,000 after acquiring an additional 24,068 shares during the last quarter. State Street Corp increased its holdings in shares of Avery Dennison by 0.6% in 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 acquiring an additional 23,309 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Avery Dennison by 17.3% in 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 acquiring an additional 233,062 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Avery Dennison by 2.6% in the 2nd quarter. Invesco Ltd. now owns 1,582,590 shares of the industrial products company’s stock valued at $277,697,000 after acquiring an additional 40,803 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors.

About Avery Dennison

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.