JPMorgan Chase & Co. Cuts Avery Dennison (NYSE:AVY) Price Target to $185.00

Avery Dennison (NYSE:AVY) had its target price reduced by JPMorgan Chase & Co. from $205.00 to $185.00 in a report released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the industrial products company’s stock.

A number of other research analysts also recently issued reports on AVY. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Avery Dennison in a research report on Friday, March 27th. UBS Group cut their price objective on shares of Avery Dennison from $226.00 to $222.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Truist Financial reissued a “buy” rating and set a $221.00 target price (down from $223.00) on shares of Avery Dennison in a research report on Wednesday. Deutsche Bank Aktiengesellschaft began coverage on shares of Avery Dennison in a research report on Wednesday, April 1st. They set a “buy” rating and a $200.00 target price on the stock. Finally, Citigroup dropped their target price on shares of Avery Dennison from $201.00 to $190.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Avery Dennison currently has an average rating of “Moderate Buy” and an average target price of $204.11.

Avery Dennison Stock Down 0.4%

Shares of Avery Dennison stock opened at $163.20 on Wednesday. The firm’s 50 day moving average price is $174.26 and its 200-day moving average price is $177.92. The company has a quick ratio of 0.76, a current ratio of 1.15 and a debt-to-equity ratio of 1.38. Avery Dennison has a 52-week low of $156.23 and a 52-week high of $199.54. The company has a market cap of $12.55 billion, a P/E ratio of 18.40, a PEG ratio of 2.83 and a beta of 1.00.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.06. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the firm earned $2.30 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. On average, sell-side analysts predict that Avery Dennison will post 10.06 EPS for the current fiscal year.

Avery Dennison Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is 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%.

Insider Activity at Avery Dennison

In other Avery Dennison news, Director Mitchell R. Butier sold 13,000 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $171.50, for a total transaction of $2,229,500.00. Following the sale, the director owned 198,147 shares of the company’s stock, valued at approximately $33,982,210.50. The trade was a 6.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, the senior vice president directly owned 7,588 shares in the company, valued at approximately $1,464,104.60. This represents a 13.22% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 34,156 shares of company stock worth $5,930,150. 0.81% of the stock is owned by insiders.

Institutional Trading of Avery Dennison

Institutional investors and hedge funds have recently bought and sold shares of the business. Bartlett & CO. Wealth Management LLC lifted its stake in Avery Dennison by 16,900.0% during 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 period. Steigerwald Gordon & Koch Inc. acquired a new stake in Avery Dennison during the 3rd quarter valued at approximately $29,000. Root Financial Partners LLC lifted its stake in Avery Dennison by 60.8% during the 4th quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 73 shares during the period. Godfrey Financial Associates Inc. acquired a new stake in Avery Dennison during the 4th quarter valued at approximately $37,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in Avery Dennison during the 2nd quarter valued at approximately $37,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

About Avery Dennison

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.