Analysts’ Recent Ratings Changes for Avery Dennison (AVY)

A number of firms have modified their ratings and price targets on shares of Avery Dennison (NYSE: AVY) recently:

• 10/28/2024 – Avery Dennison had its price target lowered by analysts at Barclays PLC from $250.00 to $245.00. They now have an “overweight” rating on the stock.
• 10/24/2024 – Avery Dennison had its price target lowered by analysts at BMO Capital Markets from $252.00 to $247.00. They now have an “outperform” rating on the stock.
• 10/24/2024 – Avery Dennison was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $210.00 price target on the stock, down previously from $230.00.
• 10/24/2024 – Avery Dennison was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/17/2024 – Avery Dennison was upgraded by analysts at Bank of America Co. from an “underperform” rating to a “buy” rating. They now have a $250.00 price target on the stock, up previously from $207.00.
• 10/7/2024 – Avery Dennison is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $250.00 price target on the stock.
• 10/2/2024 – Avery Dennison had its price target lowered by analysts at Citigroup Inc. from $241.00 to $240.00. They now have a “neutral” rating on the stock.
• 9/19/2024 – Avery Dennison had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $252.00 price target on the stock, down previously from $254.00.

Avery Dennison Stock Up 0.2 %

Avery Dennison stock opened at $202.98 on Thursday. The business has a fifty day moving average price of $213.87 and a 200-day moving average price of $217.89. Avery Dennison Co. has a 1-year low of $182.68 and a 1-year high of $233.48. The stock has a market capitalization of $16.31 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 1.56 and a beta of 0.89. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.92 and a quick ratio of 0.62.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.01. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.20 billion. Avery Dennison had a return on equity of 33.01% and a net margin of 7.76%. The company’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.10 earnings per share. Equities research analysts forecast that Avery Dennison Co. will post 9.42 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Wednesday, December 4th. Avery Dennison’s payout ratio is 42.26%.

Insider Buying and Selling

In other news, Chairman Mitchell R. Butier sold 10,000 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $211.91, for a total value of $2,119,100.00. Following the transaction, the chairman now directly owns 304,114 shares of the company’s stock, valued at approximately $64,444,797.74. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Chairman Mitchell R. Butier sold 7,108 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $218.12, for a total value of $1,550,396.96. Following the completion of the transaction, the chairman now owns 304,114 shares of the company’s stock, valued at $66,333,345.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Mitchell R. Butier sold 10,000 shares of Avery Dennison stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $211.91, for a total value of $2,119,100.00. Following the transaction, the chairman now owns 304,114 shares of the company’s stock, valued at approximately $64,444,797.74. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,108 shares of company stock worth $7,940,597 in the last 90 days. Insiders own 1.10% of the company’s stock.

Institutional Trading of Avery Dennison

A number of hedge funds have recently added to or reduced their stakes in AVY. Innealta Capital LLC purchased a new stake in shares of Avery Dennison during the 2nd quarter worth about $28,000. Larson Financial Group LLC boosted its position in Avery Dennison by 100.0% during the third quarter. Larson Financial Group LLC now owns 142 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 71 shares in the last quarter. Kennebec Savings Bank acquired a new stake in Avery Dennison in the third quarter valued at approximately $36,000. Peterson Financial Group Inc. acquired a new position in shares of Avery Dennison during the 3rd quarter worth approximately $39,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Avery Dennison during the 2nd quarter valued at approximately $42,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Avery Dennison Corporation operates as a materials science and digital identification solutions company in the United States, Europe, the Middle East, North Africa, Asia, Latin, America, and internationally. It provides pressure-sensitive materials comprising papers, plastic films, metal foils, and fabrics; performance tapes products, including tapes for wire harnessing, as well as cable wrapping for automotive, electrical, and general industrial applications; mechanical fasteners, which are precision-extruded and injection-molded plastic devices used in various automotive, general industrial, and retail applications; and other pressure-sensitive adhesive-based materials and converted products under the Fasson, JAC, Yongle, and Avery Dennison brands.