Avery Dennison (NYSE:AVY) Reaches New 52-Week High – Should You Buy?

Shares of Avery Dennison Corporation (NYSE:AVY) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $199.12 and last traded at $198.38, with a volume of 17180 shares. The stock had previously closed at $196.62.

Analyst Ratings Changes

AVY has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Avery Dennison in a report on Monday, December 29th. JPMorgan Chase & Co. lifted their target price on shares of Avery Dennison from $195.00 to $205.00 and gave the company an “overweight” rating in a report on Monday, February 9th. BMO Capital Markets lifted their price objective on shares of Avery Dennison from $215.00 to $224.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Citigroup increased their price target on Avery Dennison from $188.00 to $201.00 and gave the company a “neutral” rating in a report on Friday, February 6th. Finally, Truist Financial boosted their target price on shares of Avery Dennison from $213.00 to $234.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Avery Dennison presently has a consensus rating of “Moderate Buy” and a consensus price target of $208.45.

Avery Dennison Stock Performance

The company has a market cap of $15.25 billion, a P/E ratio of 22.57, a PEG ratio of 3.52 and a beta of 1.00. The company has a quick ratio of 0.76, a current ratio of 1.13 and a debt-to-equity ratio of 1.43. The company has a 50 day moving average price of $187.21 and a 200-day moving average price of $176.20.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.05. The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.29 billion. Avery Dennison had a net margin of 7.77% and a return on equity of 33.84%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.38 earnings per share. Avery Dennison has set its Q1 2026 guidance at 2.400-2.46 EPS. Equities analysts expect that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, March 4th. Avery Dennison’s payout ratio is currently 42.82%.

Insiders Place Their Bets

In related news, SVP Ignacio J. Walker sold 1,156 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $192.95, for a total transaction of $223,050.20. Following the completion of the transaction, the senior vice president owned 7,588 shares of the company’s stock, valued at $1,464,104.60. This trade represents a 13.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.84% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Avery Dennison

Several large investors have recently made changes to their positions in AVY. Vanguard Group Inc. lifted its stake in Avery Dennison by 3.6% during the third quarter. Vanguard Group Inc. now owns 10,379,137 shares of the industrial products company’s stock valued at $1,683,185,000 after buying an additional 361,231 shares in the last quarter. DNB Asset Management AS raised its holdings in shares of Avery Dennison by 4.3% during the second quarter. DNB Asset Management AS now owns 16,398 shares of the industrial products company’s stock valued at $2,877,000 after acquiring an additional 676 shares during the period. Johnson Investment Counsel Inc. lifted its position in shares of Avery Dennison by 11.7% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 351,635 shares of the industrial products company’s stock valued at $57,025,000 after acquiring an additional 36,698 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Avery Dennison by 567.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 149,026 shares of the industrial products company’s stock worth $24,168,000 after purchasing an additional 126,704 shares during the period. Finally, WCM Investment Management LLC purchased a new position in Avery Dennison during the 3rd quarter worth approximately $2,785,000. Institutional investors own 94.17% of the company’s stock.

About Avery Dennison

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.