Avery Dennison (NYSE:AVY) Given New $190.00 Price Target at Citigroup

Avery Dennison (NYSE:AVY) had its price objective reduced by Citigroup from $201.00 to $190.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the industrial products company’s stock.

A number of other research firms have also recently commented on AVY. Deutsche Bank Aktiengesellschaft assumed coverage on Avery Dennison in a research report on Wednesday, April 1st. They set a “buy” rating and a $200.00 target price on the stock. BMO Capital Markets boosted their price target on Avery Dennison from $215.00 to $224.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Weiss Ratings restated a “hold (c)” rating on shares of Avery Dennison in a research report on Friday, March 27th. JPMorgan Chase & Co. boosted their price target on Avery Dennison from $195.00 to $205.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Finally, UBS Group dropped 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. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Avery Dennison has an average rating of “Moderate Buy” and an average price target of $206.50.

Avery Dennison Stock Down 0.8%

AVY opened at $170.92 on Tuesday. The business’s 50-day simple moving average is $180.53 and its 200-day simple moving average is $177.67. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.76 and a current ratio of 1.13. Avery Dennison has a one year low of $156.23 and a one year high of $199.54. The stock has a market capitalization of $13.15 billion, a P/E ratio of 19.47, a price-to-earnings-growth ratio of 2.84 and a beta of 1.00.

Avery Dennison (NYSE:AVY) last posted its earnings results on Wednesday, February 4th. The industrial products company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.05. Avery Dennison had a return on equity of 33.84% and a net margin of 7.77%.The business had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter in the previous year, the firm earned $2.38 earnings per share. The business’s revenue was up 3.9% compared to the same quarter last year. Avery Dennison has set its Q1 2026 guidance at 2.400-2.46 EPS. Analysts anticipate that Avery Dennison will post 9.96 EPS for the current year.

Avery Dennison Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th were given a dividend of $0.94 per share. The ex-dividend date was Wednesday, March 4th. This represents a $3.76 annualized dividend and a yield of 2.2%. Avery Dennison’s payout ratio is presently 42.82%.

Insider Activity at Avery Dennison

In other Avery Dennison news, SVP Ignacio J. Walker sold 1,156 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $192.95, for a total transaction of $223,050.20. Following the transaction, the senior vice president owned 7,588 shares in the company, valued at approximately $1,464,104.60. The trade was a 13.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mitchell R. Butier sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $173.88, for a total value of $3,477,600.00. Following the transaction, the director owned 211,147 shares in the company, valued at $36,714,240.36. The trade was a 8.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 34,156 shares of company stock worth $5,930,150 in the last quarter. 0.81% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Avery Dennison

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Avery Dennison by 3.6% in the 3rd quarter. Vanguard Group Inc. now owns 10,379,137 shares of the industrial products company’s stock worth $1,683,185,000 after acquiring an additional 361,231 shares during the period. Johnson Investment Counsel Inc. grew its holdings in shares of Avery Dennison by 11.7% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 351,635 shares of the industrial products company’s stock worth $57,025,000 after acquiring an additional 36,698 shares during the period. Fieldview Capital Management LLC grew its holdings in shares of Avery Dennison by 412.7% in the 3rd quarter. Fieldview Capital Management LLC now owns 26,265 shares of the industrial products company’s stock worth $4,259,000 after acquiring an additional 21,142 shares during the period. WCM Investment Management LLC acquired a new stake in shares of Avery Dennison in the 3rd quarter worth approximately $2,785,000. Finally, Assenagon Asset Management S.A. lifted its stake in Avery Dennison by 567.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 149,026 shares of the industrial products company’s stock valued at $24,168,000 after buying an additional 126,704 shares in the last quarter. Institutional investors and hedge funds 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.