Kentucky Retirement Systems Makes New $1.38 Million Investment in Avery Dennison Corporation $AVY

Kentucky Retirement Systems purchased a new position in shares of Avery Dennison Corporation (NYSE:AVY) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 7,977 shares of the industrial products company’s stock, valued at approximately $1,377,000.

Several other large investors have also recently added to or reduced their stakes in AVY. Amundi lifted its holdings in Avery Dennison by 48.6% during the 1st quarter. Amundi now owns 541,037 shares of the industrial products company’s stock worth $93,434,000 after buying an additional 176,965 shares in the last quarter. Royal Bank of Canada increased its position in shares of Avery Dennison by 36.9% during the first quarter. Royal Bank of Canada now owns 205,981 shares of the industrial products company’s stock worth $35,569,000 after acquiring an additional 55,471 shares during the period. Empowered Funds LLC raised its stake in shares of Avery Dennison by 0.9% in the first quarter. Empowered Funds LLC now owns 14,421 shares of the industrial products company’s stock valued at $2,490,000 after acquiring an additional 126 shares in the last quarter. Excelsior Advisor Network LLC purchased a new position in Avery Dennison in the first quarter valued at $322,000. Finally, Quantinno Capital Management LP grew its stake in Avery Dennison by 13.3% during the 1st quarter. Quantinno Capital Management LP now owns 306,826 shares of the industrial products company’s stock worth $52,983,000 after purchasing an additional 35,924 shares in the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AVY. Weiss Ratings lowered Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, June 8th. Citigroup boosted their price objective on Avery Dennison from $184.00 to $186.00 and gave the stock a “neutral” rating in a research report on Friday. UBS Group raised their target price on shares of Avery Dennison from $218.00 to $225.00 and gave the company a “buy” rating in a report on Friday. Raymond James Financial set a $192.00 price target on shares of Avery Dennison in a research note on Tuesday, April 21st. Finally, Bank of America boosted their price target on shares of Avery Dennison from $202.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $201.22.

Trending Headlines about Avery Dennison

Here are the key news stories impacting Avery Dennison this week:

• Positive Sentiment: Q2 results beat estimates: Avery Dennison reported adjusted earnings of $2.89 per share versus the $2.47 consensus estimate, while revenue reached $2.46 billion, above the $2.30 billion forecast. Revenue increased 10.9% year over year, supported by pricing, productivity gains and volume growth. Avery Dennison Q2 earnings report
• Positive Sentiment: Materials Group showed strong momentum: Materials Group sales rose 15.9% to approximately $1.80 billion, helping offset a 0.5% decline in Solutions Group sales. Net income increased 8% to $204.1 million, and the company returned $347 million to shareholders through dividends and repurchases during the first half. Avery Dennison Q2 sales and earnings
• Positive Sentiment: Analyst confidence improved: JPMorgan raised its price target from $185 to $190 and assigned an “overweight” rating, implying roughly 11.5% potential upside from the referenced price. The upgrade reinforces investor optimism following the earnings release. JPMorgan raises Avery Dennison price target
• Neutral Sentiment: Guidance supports the bull case but requires execution: Avery Dennison provided full-year 2026 reported EPS guidance of $9.40 to $9.70. The earnings call highlighted continued benefits from pricing and productivity, but investors will monitor whether those gains persist as demand conditions evolve. Avery Dennison earnings and guidance analysis
• Negative Sentiment: Destocking is a risk: The company flagged possible customer destocking in the second half, which could pressure volumes and temper the earnings momentum reflected in the latest quarter. Solutions Group’s year-over-year sales decline also signals uneven performance across the portfolio. Avery Dennison Q2 earnings analysis
• Negative Sentiment: Insider selling may weigh on sentiment: Reported insider activity showed 24 sales and no purchases over the past six months, including substantial selling by senior executives. While insider transactions do not necessarily reflect operating expectations, the imbalance may concern some investors.

Avery Dennison Price Performance

Shares of NYSE:AVY opened at $170.33 on Friday. Avery Dennison Corporation has a 12 month low of $152.42 and a 12 month high of $199.54. The firm has a market capitalization of $13.03 billion, a P/E ratio of 18.66, a P/E/G ratio of 3.11 and a beta of 0.82. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 0.80. The company’s fifty day moving average price is $160.66 and its 200 day moving average price is $171.23.

Avery Dennison (NYSE:AVY) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.42. The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.30 billion. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. Avery Dennison’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.42 earnings per share. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. As a group, sell-side analysts predict that Avery Dennison Corporation will post 10 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be given a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.3%. Avery Dennison’s dividend payout ratio is 45.10%.

Avery Dennison 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.