Lombard Odier Asset Management Switzerland SA Purchases New Shares in Avery Dennison Corporation $AVY

Lombard Odier Asset Management Switzerland SA acquired a new stake in Avery Dennison Corporation (NYSE:AVY) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,639 shares of the industrial products company’s stock, valued at approximately $2,183,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank bought a new stake in shares of Avery Dennison in the 4th quarter worth about $188,438,000. Morgan Stanley grew its holdings in Avery Dennison by 20.1% during the 4th quarter. Morgan Stanley now owns 3,869,889 shares of the industrial products company’s stock valued at $703,856,000 after purchasing an additional 647,795 shares during the last quarter. Wellington Management Group LLP raised its position in Avery Dennison by 12.5% in the 3rd quarter. Wellington Management Group LLP now owns 5,808,960 shares of the industrial products company’s stock worth $942,039,000 after purchasing an additional 644,664 shares during the period. Cooke & Bieler LP purchased a new stake in Avery Dennison in the 4th quarter worth about $105,616,000. Finally, Balyasny Asset Management L.P. bought a new stake in Avery Dennison in the third quarter worth about $74,942,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Avery Dennison Stock Up 0.1%

Shares of AVY stock opened at $161.11 on Monday. Avery Dennison Corporation has a 1-year low of $152.42 and a 1-year high of $199.54. The stock’s fifty day moving average price is $159.54 and its 200 day moving average price is $171.68. 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 company has a market cap of $12.32 billion, a price-to-earnings ratio of 18.16, a price-to-earnings-growth ratio of 2.86 and a beta of 0.82.

Avery Dennison (NYSE:AVY) last released its earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.06. Avery Dennison had a return on equity of 33.69% and a net margin of 7.66%.The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the firm earned $2.30 EPS. The firm’s 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. On average, research analysts expect that Avery Dennison Corporation will post 10 earnings per share for the current fiscal year.

Avery Dennison Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, September 2nd. Avery Dennison’s dividend payout ratio (DPR) is presently 45.10%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AVY. Truist Financial lowered their target price on shares of Avery Dennison from $221.00 to $209.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. Raymond James Financial set a $192.00 price target on shares of Avery Dennison in a research note on Tuesday, April 21st. JPMorgan Chase & Co. decreased their price objective on shares of Avery Dennison from $205.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Bank of America boosted their price objective on shares of Avery Dennison from $202.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Avery Dennison in a research note on Wednesday, April 1st. They issued a “buy” rating and a $200.00 target price on the stock. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Avery Dennison currently has an average rating of “Moderate Buy” and a consensus target price of $200.11.

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.