Avery Dennison
Makes labeling materials, RFID solutions, and product-branding systems for global supply chains.
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Profile
Sells pressure-sensitive label and graphics materials, performance tapes, RFID inlays, apparel branding, and retail information solutions through Materials Group and Solutions Group. Most revenue comes from outside the United States, linking a global manufacturing footprint with item-level identification software.
Designs and manufactures pressure-sensitive label materials, graphic and reflective films, functional bonding tapes, RFID inlays and tags, and software that links physical items to digital records. Materials Group sells label, graphics, reflective, and performance-tape products, largely through converters; Solutions Group supplies apparel branding, item-level identification, data management, and Vestcom shelf-edge pricing and media tools.
Combines expertise in adhesives, coating, laminating, printing, and process engineering with a global manufacturing and distribution network. Most sales originate outside the United States, across operations in more than 50 countries. Demand spans consumer packaging, apparel, retail, logistics, food, pharmaceuticals, automotive, construction, and electronics. The business relies on paper, plastic films, resins, and specialty chemicals whose costs can fluctuate, while solvent-based production is subject to environmental controls.
Company facts
Categories
Key statistics
Year to date −2.6% · Average volume (30d) 804.6K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 31, 2026 | UBS | Reiterate | Buy | $222 | $225 | |
| Jul 15, 2026 | Truist Financial | Target | $221 | $209 | ||
| Jun 4, 2026 | Argus Research | Target | $200 | $175 | ||
| Apr 29, 2026 | Truist Financial | Target | $234 | $221 | ||
| Apr 21, 2026 | Raymond James | Target | $208 | $192 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $2.47 | $2.89 | +17.0% | $2.30B | $2.46B | +7.3% | +4.59% |
| Apr 28, 2026Q1 FY26 | $2.41 | $2.47 | +2.5% | $2.26B | $2.30B | +1.7% | −2.13% |
| Feb 4, 2026Q4 FY25 | $2.40 | $2.45 | +2.1% | $2.28B | $2.27B | −0.5% | −0.13% |
| Oct 22, 2025Q3 FY25 | $2.33 | $2.37 | +1.7% | $2.22B | $2.22B | −0.1% | +4.04% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.15B | $2.22B | $2.22B | $2.27B | $2.30B | $2.46B | |
| Gross profit | $621.5M | $639.1M | $635.0M | $650.7M | $664.8M | $729.4M | |
| Operating income | $254.6M | $286.7M | $281.1M | $281.5M | $271.9M | $313.5M | |
| Net income | $166.3M | $189.0M | $166.3M | $166.4M | $168.1M | $204.1M | |
| Diluted EPS | $2.09 | $2.41 | $2.13 | $2.15 | $2.18 | $2.67 | |
| Gross margin | 28.9% | 28.8% | 28.7% | 28.7% | 28.9% | 29.6% | |
| Operating margin | 11.9% | 12.9% | 12.7% | 12.4% | 11.8% | 12.7% |
Fiscal years (4-quarter sums)FY21 $8.41B · FY22 $9.04B · FY23 $8.36B · FY24 $8.76B · FY25 $8.86B
Revenue by product · FY24
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $227.3M · Total debt $3.68B · Total assets $9.21B · Shareholders' equity $2.32B
Dividends
Raised for 15 straight years — most recently to $1.00 from $0.94 in Jun 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 3, 2026 | Jun 3 | Jun 17 | $1.00 | raised from $0.94 |
| Mar 4, 2026 | Mar 4 | Mar 18 | $0.94 | |
| Dec 3, 2025 | Dec 3 | Dec 17 | $0.94 | |
| Sep 3, 2025 | Sep 3 | Sep 17 | $0.94 | |
| Jun 4, 2025 | Jun 4 | Jun 18 | $0.94 | raised from $0.88 |
| Mar 5, 2025 | Mar 5 | Mar 19 | $0.88 | |
| Dec 4, 2024 | Dec 4 | Dec 18 | $0.88 | |
| Sep 4, 2024 | Sep 4 | Sep 18 | $0.88 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 76.49M · Float 75.97M · 99.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 6.48M | 8.48% | 13F | Aug 7, 2026 |
| Wellington Management Group LLP | 5.79M | 7.57% | 13F | Aug 14, 2026 |
| Vanguard Capital Management LLC | 5.00M | 6.54% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 4.87M | 6.36% | 13F | Aug 13, 2026 |
| State Street Corp | 4.04M | 5.29% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 4, 2026 | Ignacio J. Walker | officer: SVP and Chief Legal Officer | −1,742 | $171.61 |
| Mar 12, 2026 | Mitchell R. Butier | director | −13,000 | $171.50 |
| Mar 11, 2026 | Mitchell R. Butier | director | −20,000 | $173.88 |
| Mar 10, 2026 | Mitchell R. Butier | director | −20,000 | $175.63 |
| Mar 9, 2026 | Mitchell R. Butier | director | −20,000 | $175.98 |
Peers
- 3M
Major graphics, reflectives, and performance-tapes overlap
- Brady
Identification, RFID, labels, and safety-label overlap
