Avery Dennison
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)
36% more first-time investments, than exits
New positions opened: 95 | Existing positions closed: 70
13% more repeat investments, than reductions
Existing positions increased: 283 | Existing positions reduced: 250
3% more funds holding
Funds holding: 754 [Q1] → 779 (+25) [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]
0.55% less ownership
Funds ownership: 92.88% [Q1] → 92.33% (-0.55%) [Q2]
3% less capital invested
Capital invested by funds: $16.7B [Q1] → $16.3B (-$430M) [Q2]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Barclays Scott Gaffner 0% 1-year accuracy 0 / 1 met price target | 16%upside $250 | Overweight Initiated | 7 Oct 2024 |
Citigroup Anthony Pettinari 63% 1-year accuracy 27 / 43 met price target | 12%upside $240 | Neutral Maintained | 2 Oct 2024 |
BMO Capital John McNulty 64% 1-year accuracy 27 / 42 met price target | 17%upside $252 | Outperform Reiterated | 19 Sept 2024 |
UBS Joshua Spector 47% 1-year accuracy 18 / 38 met price target | 9%upside $235 | Neutral Downgraded | 25 Jul 2024 |
BMO Capital John McNulty 64% 1-year accuracy 27 / 42 met price target | 18%upside $254 | Outperform Maintained | 24 Jul 2024 |
Financial journalist opinion
Based on 6 articles about AVY published over the past 30 days