Avery Dennison Corporation $AVY Shares Bought by Royal Bank of Canada

Royal Bank of Canada lifted its stake in shares of Avery Dennison Corporation (NYSE:AVY) by 36.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 205,981 shares of the industrial products company’s stock after acquiring an additional 55,471 shares during the period. Royal Bank of Canada’s holdings in Avery Dennison were worth $35,569,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of AVY. Coldstream Capital Management Inc. grew its holdings in Avery Dennison by 2.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,163 shares of the industrial products company’s stock valued at $393,000 after purchasing an additional 54 shares during the period. Huntington National Bank raised its stake in Avery Dennison by 3.2% during the fourth quarter. Huntington National Bank now owns 1,832 shares of the industrial products company’s stock worth $333,000 after purchasing an additional 56 shares during the period. Resources Management Corp CT ADV boosted its holdings in shares of Avery Dennison by 0.8% in the 2nd quarter. Resources Management Corp CT ADV now owns 7,800 shares of the industrial products company’s stock valued at $1,369,000 after purchasing an additional 62 shares during the last quarter. Sound Income Strategies LLC grew its stake 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 buying an additional 72 shares during the period. Finally, Rothschild Investment LLC increased its holdings in shares of Avery Dennison by 22.9% during the 4th quarter. Rothschild Investment LLC now owns 387 shares of the industrial products company’s stock worth $70,000 after buying an additional 72 shares during the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AVY has been the topic of several research reports. Raymond James Financial set a $192.00 target price on Avery Dennison in a research report on Tuesday, April 21st. UBS Group upped their price target on Avery Dennison from $218.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday. Argus set a $175.00 price objective on Avery Dennison in a report on Thursday, June 4th. JPMorgan Chase & Co. lifted their price objective on Avery Dennison from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Weiss Ratings cut Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 8th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $201.22.

Avery Dennison Stock Up 1.3%

NYSE AVY opened at $171.98 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 1.37. Avery Dennison Corporation has a fifty-two week low of $152.42 and a fifty-two week high of $199.54. The business has a 50 day moving average price of $160.91 and a two-hundred day moving average price of $171.00. The stock has a market cap of $13.15 billion, a PE ratio of 18.84, a P/E/G ratio of 3.00 and a beta of 0.81.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.42. The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.30 billion. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last 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 10.06 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be issued a $1.00 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $4.00 dividend on an annualized basis and a yield of 2.3%. Avery Dennison’s payout ratio is currently 43.81%.

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.