Avery Dennison (AVY)

• Market cap: $15.4B
• 1 day: 0.04%
• 5 days: 3.72%
• 1 month: -0.07%
• 3 months: -12.38%
• 6 months: -14.15%
• Year to date: 4.37%
• 1 year: -2.57%
• 5 years: 42.01%
• 10 years: 256.94%
• 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)

18% more first-time investments, than exits

New positions opened: 97 | Existing positions closed: 82

1% more funds holding

Funds holding: 783 [Q2] → 787 (+4) [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: $16.8B [Q2] → $16.3B (-$528M) [Q3]

3.86% less ownership

Funds ownership: 95.38% [Q2] → 91.52% (-3.86%) [Q3]

84% less call options, than puts

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

Research analyst outlook

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

• Low target: $202 6% upside
• Avg. target: $225 18% upside
• High target: $247 29% upside

7 analyst ratings

• positive: 4 57%
• neutral: 3 43%
• negative: 0 0%

UBS Joshua Spector 59% 1-year accuracy 19 / 32 met price target	8% upside $207	Neutral Maintained	10 Jan 2025
Citigroup Anthony Pettinari 44% 1-year accuracy 22 / 50 met price target	6% upside $202	Neutral Maintained	6 Jan 2025
B of A Securities George Staphos 50% 1-year accuracy 10 / 20 met price target	15% upside $220	Buy Maintained	6 Jan 2025
Truist Securities Michael Roxland 61% 1-year accuracy 27 / 44 met price target	28% upside $245	Buy Maintained	6 Jan 2025
Barclays Scott Gaffner 0% 1-year accuracy 0 / 2 met price target	28% upside $245	Overweight Maintained	28 Oct 2024