Truist Financial Cuts Avery Dennison (NYSE:AVY) Price Target to $209.00

Avery Dennison (NYSE:AVY) had its price objective lowered by Truist Financial from $221.00 to $209.00 in a research note released on Wednesday, MarketBeat.com reports. The firm currently has a buy rating on the industrial products company’s stock.

Other analysts also recently issued research reports about the stock. Weiss Ratings downgraded shares of Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 8th. Raymond James Financial set a $192.00 price target on shares of Avery Dennison in a report on Tuesday, April 21st. JPMorgan Chase & Co. cut their price objective on shares of Avery Dennison from $205.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Argus set a $175.00 price objective on Avery Dennison in a report on Thursday, June 4th. Finally, Bank of America upped their target price on Avery Dennison from $202.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Avery Dennison currently has a consensus rating of “Moderate Buy” and an average target price of $200.11.

Avery Dennison Trading Down 1.6%

Shares of Avery Dennison stock opened at $160.49 on Wednesday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.15 and a quick ratio of 0.80. The business has a fifty day simple moving average of $159.70 and a two-hundred day simple moving average of $172.61. Avery Dennison has a 1 year low of $152.42 and a 1 year high of $199.54. The company has a market capitalization of $12.28 billion, a price-to-earnings ratio of 18.09, a P/E/G ratio of 2.90 and a beta of 0.82.

Avery Dennison (NYSE:AVY) last released its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.41 by $0.06. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.26 billion. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.30 earnings per share. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. Research analysts forecast that Avery Dennison will post 10 EPS for the current year.

Avery Dennison Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were issued a $1.00 dividend. 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 a boost from Avery Dennison’s previous quarterly dividend of $0.94. Avery Dennison’s payout ratio is presently 45.10%.

Institutional Trading of Avery Dennison

Several large investors have recently modified their holdings of the stock. Bartlett & CO. Wealth Management LLC lifted its position in Avery Dennison by 16,900.0% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 170 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 169 shares during the period. Root Financial Partners LLC increased its holdings in Avery Dennison by 60.8% in the 4th quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock valued at $35,000 after buying an additional 73 shares during the period. Elevation Wealth Partners LLC increased its holdings in Avery Dennison by 684.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 196 shares of the industrial products company’s stock valued at $32,000 after buying an additional 171 shares during the period. Godfrey Financial Associates Inc. acquired a new position in shares of Avery Dennison in the 4th quarter valued at approximately $37,000. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Avery Dennison in the 2nd quarter valued at approximately $37,000. 94.17% of the stock is owned by institutional investors and hedge funds.

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.