Sumitomo Mitsui Trust Group Inc. Acquires 7,068 Shares of Avery Dennison Corporation $AVY

Sumitomo Mitsui Trust Group Inc. lifted its holdings in Avery Dennison Corporation (NYSE:AVY) by 3.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 190,845 shares of the industrial products company’s stock after buying an additional 7,068 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Avery Dennison were worth $32,955,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Bartlett & CO. Wealth Management LLC grew its position in Avery Dennison by 16,900.0% in 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 last quarter. Root Financial Partners LLC lifted its position in shares of Avery Dennison by 60.8% during the fourth quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 73 shares during the last quarter. Godfrey Financial Associates Inc. purchased a new stake in shares of Avery Dennison during the fourth quarter valued at $37,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Avery Dennison during the second quarter valued at $37,000. Finally, Sound Income Strategies LLC lifted its holdings in Avery Dennison by 51.1% during the 4th quarter. Sound Income Strategies LLC now owns 213 shares of the industrial products company’s stock valued at $40,000 after buying an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on AVY. Raymond James Financial set a $192.00 target price on shares of Avery Dennison in a research note on Tuesday, April 21st. JPMorgan Chase & Co. lowered their price target on Avery Dennison from $205.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Argus set a $175.00 price objective on Avery Dennison in a research note on Thursday, June 4th. UBS Group reduced their price objective on Avery Dennison from $226.00 to $222.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Avery Dennison in a research note on Wednesday, April 1st. They set a “buy” rating and a $200.00 price target on the stock. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $200.38.

Avery Dennison Price Performance

AVY opened at $159.25 on Tuesday. The firm has a market capitalization of $12.18 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 2.78 and a beta of 0.82. 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’s 50-day moving average is $160.10 and its two-hundred day moving average is $173.18. Avery Dennison Corporation has a 1 year low of $152.42 and a 1 year high of $199.54.

Avery Dennison (NYSE:AVY) last released its quarterly earnings results 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. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the firm posted $2.30 earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. Research analysts anticipate that Avery Dennison Corporation will post 10 earnings per share for the current fiscal year.

Avery Dennison Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.5%. This is a positive change from Avery Dennison’s previous quarterly dividend of $0.94. The ex-dividend date was Wednesday, June 3rd. Avery Dennison’s payout ratio is 45.10%.

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.