Avery Dennison (AVY)

• Market cap: $15.1B
• 1 day: 1.00%
• 5 days: -3.53%
• 1 month: -4.81%
• 3 months: -11.08%
• 6 months: -16.76%
• Year to date: -5.78%
• 1 year: -6.45%
• 5 years: 42.61%
• 10 years: 262.91%
• Sector: Materials
• Industry: Converted Paper & Paperboard Products, Except Containers & Boxes

About: Avery Dennison manufactures pressure-sensitive materials, merchandise tags, and labels. The company also runs a specialty converting business that produces radio-frequency identification, or RFID, inlays and labels. Avery Dennison draws a significant amount of revenue from outside the United States, with international operations accounting for the majority of total sales.

Employees: 35,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

3% more first-time investments, than exits

New positions opened: 96 | Existing positions closed: 93

0% more funds holding

Funds holding: 783 [Q2] → 786 (+3) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

2% less repeat investments, than reductions

Existing positions increased: 269 | Existing positions reduced: 274

3% less capital invested

Capital invested by funds: $16.7B [Q2] → $16.2B (-$539M) [Q3]

3.92% less ownership

Funds ownership: 94.92% [Q2] → 91.0% (-3.92%) [Q3]

84% less call options, than puts

Call options by funds: $16.1M | Put options by funds: $104M

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $210 12% upside
• Avg. target: $238 27% upside
• High target: $250 33% upside

5 analyst ratings

• positive: 3 60%
• neutral: 2 40%
• negative: 0 0%

Barclays Scott Gaffner 0% 1-year accuracy 0 / 2 met price target	30% upside $245	Overweight Maintained	28 Oct 2024
BMO Capital John McNulty 42% 1-year accuracy 20 / 48 met price target	31% upside $247	Outperform Maintained	24 Oct 2024
JP Morgan Jeffrey Zekauskas 37% 1-year accuracy 16 / 43 met price target	12% upside $210	Neutral Downgraded	24 Oct 2024
B of A Securities George Staphos 59% 1-year accuracy 10 / 17 met price target	33% upside $250	Buy Upgraded	17 Oct 2024
Citigroup Anthony Pettinari 58% 1-year accuracy 29 / 50 met price target	28% upside $240	Neutral Maintained	2 Oct 2024