Louisiana State Employees Retirement System Purchases Shares of 3,900 Avery Dennison Corporation $AVY

Louisiana State Employees Retirement System acquired a new stake in shares of Avery Dennison Corporation (NYSE:AVY) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,900 shares of the industrial products company’s stock, valued at approximately $673,000.

A number of other hedge funds have also modified their holdings of AVY. Bartlett & CO. Wealth Management LLC lifted its holdings in shares of 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 valued at $31,000 after purchasing an additional 169 shares during the last quarter. Root Financial Partners LLC lifted its holdings in shares of Avery Dennison by 60.8% in the fourth quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 73 shares in the last quarter. Godfrey Financial Associates Inc. acquired a new stake in shares of Avery Dennison during the fourth quarter worth approximately $37,000. CYBER HORNET ETFs LLC purchased a new stake in Avery Dennison in the 2nd quarter worth approximately $37,000. Finally, Sound Income Strategies LLC grew its holdings in shares of 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 acquiring an additional 72 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AVY shares. Citigroup lowered their target price on Avery Dennison from $190.00 to $185.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Weiss Ratings cut Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, June 8th. JPMorgan Chase & Co. cut their price objective on shares of Avery Dennison from $205.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Truist Financial reissued a “buy” rating and issued a $221.00 target price (down from $223.00) on shares of Avery Dennison in a research report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Avery Dennison in a research note on Wednesday, April 1st. They set a “buy” rating and a $200.00 price target on the stock. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Avery Dennison has a consensus rating of “Moderate Buy” and an average price target of $201.33.

Avery Dennison Stock Performance

Avery Dennison stock traded up $0.97 during trading hours on Tuesday, reaching $167.01. 16,893 shares of the company were exchanged, compared to its average volume of 667,959. Avery Dennison Corporation has a 12 month low of $152.42 and a 12 month high of $199.54. The company has a current ratio of 1.15, a quick ratio of 0.80 and a debt-to-equity ratio of 1.38. The stock has a 50-day moving average of $160.56 and a 200 day moving average of $173.95. The firm has a market cap of $12.77 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 2.89 and a beta of 0.82.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share 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 business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the previous year, the company earned $2.30 earnings per share. Avery Dennison’s revenue for the quarter was up 7.0% on a year-over-year basis. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. As a group, research analysts anticipate that Avery Dennison Corporation will post 10 earnings per share for the current year.

Avery Dennison Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were issued a $1.00 dividend. This is an increase from Avery Dennison’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $4.00 dividend on an annualized basis and a yield of 2.4%. 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.