Gibbs Wealth Management Takes Position in Avery Dennison Corporation $AVY

Gibbs Wealth Management bought a new stake in Avery Dennison Corporation (NYSE:AVY) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 4,777 shares of the industrial products company’s stock, valued at approximately $825,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Avery Dennison by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 10,448,799 shares of the industrial products company’s stock valued at $1,900,428,000 after acquiring an additional 69,662 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Avery Dennison by 12.5% during the third 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 last quarter. Morgan Stanley increased its position in shares of Avery Dennison by 20.1% during the fourth quarter. Morgan Stanley now owns 3,869,889 shares of the industrial products company’s stock worth $703,856,000 after purchasing an additional 647,795 shares in the last quarter. State Street Corp increased its position in shares of Avery Dennison by 0.9% during the fourth quarter. State Street Corp now owns 3,701,598 shares of the industrial products company’s stock worth $673,247,000 after purchasing an additional 34,124 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Avery Dennison by 4.9% in the 3rd quarter. Invesco Ltd. now owns 1,659,862 shares of the industrial products company’s stock valued at $269,180,000 after purchasing an additional 77,272 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Avery Dennison Stock Performance

NYSE AVY opened at $161.11 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.15 and a debt-to-equity ratio of 1.38. Avery Dennison Corporation has a 52-week low of $152.42 and a 52-week high of $199.54. The business’s 50-day moving average price is $159.54 and its 200 day moving average price is $171.74. The firm has a market cap of $12.32 billion, a P/E ratio of 18.16, a P/E/G ratio of 2.76 and a beta of 0.82.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings data 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 return on equity of 33.69% and a net margin of 7.66%.The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the business earned $2.30 EPS. The firm’s 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, equities research analysts expect that Avery Dennison Corporation will post 10 earnings per share for the current year.

Avery Dennison Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Wednesday, September 2nd. Avery Dennison’s dividend payout ratio is 45.10%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AVY. Bank of America upped their target price on Avery Dennison from $202.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. UBS Group cut their price target on Avery Dennison from $226.00 to $222.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft started coverage on Avery Dennison in a research note on Wednesday, April 1st. They issued a “buy” rating and a $200.00 price objective for the company. Citigroup decreased their price objective on Avery Dennison from $185.00 to $184.00 and set a “neutral” rating for the company in a report on Thursday, July 9th. Finally, Truist Financial cut their target price on shares of Avery Dennison from $221.00 to $209.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.