Avery DennisonAVY
Market Cap: $17.5B
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 Q2 SEC filings by fund managers ($100M+ AUM)
30% more first-time investments, than exits
New positions opened: 92 | Existing positions closed: 71
14% more repeat investments, than reductions
Existing positions increased: 283 | Existing positions reduced: 249
3% more funds holding
Funds holding: 753 [Q1] → 774 (+21) [Q2]
2% more call options, than puts
Call options by funds: $18.2M | Put options by funds: $17.9M
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
0.57% less ownership
Funds ownership: 92.88% [Q1] → 92.3% (-0.57%) [Q2]
3% less capital invested
Capital invested by funds: $16.7B [Q1] → $16.2B (-$435M) [Q2]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
UBS Joshua Spector 46% 1-year accuracy 17 / 37 met price target | 8%upside $235 | Neutral Downgraded | 25 Jul 2024 |
BMO Capital John McNulty 63% 1-year accuracy 24 / 38 met price target | 17%upside $254 | Outperform Maintained | 24 Jul 2024 |
Truist Securities Michael Roxland 70% 1-year accuracy 33 / 47 met price target | 19%upside $258 | Buy Maintained | 24 Jul 2024 |
UBS Joshua Spector 46% 1-year accuracy 17 / 37 met price target | 16%upside $252 | Buy Maintained | 9 Jul 2024 |
Stifel Lars Kjellberg 100% 1-year accuracy 3 / 3 met price target | 27%upside $275 | Buy Initiated | 9 Jul 2024 |