Avery Dennison CorporationNYSE: AVY
Materials · Paper & Plastic Packaging Products & Materials
$161.75
+1.79%
Vol: 26K
Research Digest
Monday, June 15, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21Avery Dennison announced a strategic $75M investment in Wiliot to scale physical AI, alongside mixed analyst PT moves with BofA raising to $202 and Citi lowering to $185.Mixed▶
Avery Dennison announced a strategic $75 million investment in Wiliot to scale physical AI capabilities. Recent analyst activity was mixed: BofA raised its price target to $202 (Buy), Citi lowered to $185 (Neutral), and Raymond James lowered to $192 (Outperform). The annual meeting elected all director nominees and approved a 6% dividend increase. Q1 2026 results showed revenue up 7% YoY to $2.3B with adjusted EPS of $2.18, driven by Materials Group strength in Asia Pacific and North America. Shares have been under pressure, trading around $163 down ~7% over the past month and ~19% over three months.
May 20Avery Dennison hikes dividend 6% and invests $75M in Wiliot as analysts cut Q2 estimatesMixed▶
Avery Dennison announced a 6% dividend increase and a strategic $75 million investment in Wiliot to scale physical AI applications in smart labels. At its annual meeting, all director nominees were elected and auditor and executive comp were ratified. Zacks Research cut Q2 2026 EPS estimates on May 12. Q1 2026 produced 7% adjusted EPS growth and strong cash flow with materials offsetting softer solutions; full-year outlook remains positive. The stock has slid roughly 9% over the past month and about 20% in the past 3 months. The average analyst rating remains Buy with a 12-month price target of $200.3, implying ~28% upside.
May 19Avery Dennison stock down ~9% over past month and ~20% over 3 months despite Q1 beat and dividend increase; Zacks cut Q2 EPS estimates on May 12Mixed▶
Avery Dennison shares have come under pressure, down about 2% in a recent session and roughly 9% over the past month and 20% over three months. Q1 2026 results showed sales of $2.298B (above $2.26B consensus) with net income of $168.1M and 7% adjusted EPS growth. The board increased the quarterly dividend by approximately 6% to $1.00 per share. Q2 2026 guidance was set at $2.21-$2.31 EPS. Zacks Research cut Q2 2026 EPS estimates on May 12. Avery Dennison also announced a strategic $75M investment in Wiliot to scale Physical AI. Director Patrick Siewert exercised RSUs on May 1. Analyst consensus across 11 firms is Buy with a 12-month PT of $200.30, implying ~28% upside from current levels.
May 18Avery Dennison shares trade around $158.66 (May 13) after Q1 beat ($2.47 adj EPS vs $2.41 est, 7% revenue growth) with stock still down ~13% YTD on Solutions Group softness.Mixed▶
Avery Dennison shares closed near $158.66 on May 13, down ~0.9% and roughly 13% YTD despite a Q1 2026 beat with adjusted EPS of $2.47 (vs $2.41 consensus) and revenue up 7% YoY to $2.3 billion. The Materials Group delivered ~2% organic growth led by Asia Pacific and North America, while the Solutions Group saw organic declines. The company announced a 6% dividend increase and approved a strategic $75 million investment in Wiliot to scale physical AI. Restructuring reduced headcount by ~370 to offset higher costs. Average analyst price target is $205, implying ~29% upside, though several firms lowered targets after Q1.
May 15Avery Dennison analysts cut Q2 EPS estimates (May 12) and announces $75M strategic investment in Wiliot to scale physical AIMixed▶
Zacks Research cut its Q2 2026 EPS estimates for Avery Dennison on May 12, 2026. The cut follows Q1 2026 results showing revenue up 7% YoY to $2.3B and adjusted EPS of $2.18 (+7%), with Materials Group strength offsetting softer Solutions Group results. Avery Dennison announced a $75M strategic investment in Wiliot to scale physical AI capabilities — extending its RFID/connected products lead. The board increased the quarterly dividend ~6% to $1.00/share. Shares trade around $163.03, with a 2.3% dividend yield. Across 9 analysts, the consensus is Strong Buy with a 12-month PT of $205 (+28.74% upside). Risk: pricing pressure from raw material deflation continues; Solutions Group softness and the Q2 EPS cut signal near-term caution.
May 14Avery Dennison invests $75M in Wiliot for Physical AI partnership while Walmart expands RFID sensor label deployment for fresh foodsPositive▶
Avery Dennison announced a $75 million strategic minority investment in Wiliot, a leader in Physical AI solutions, gaining a board seat and becoming the preferred inlay and commercial partner across retail, logistics and food. Separately, Walmart and Avery Dennison announced a collaboration to deploy first-of-its-kind RFID sensor labels for fresh categories including meat, bakery and deli, aiming to enable reliable RFID in cold, high-moisture cases and help reduce unsold food. The company also raised its quarterly dividend 6% to $1.00 per share and reported solid Q1 2026 results. Analyst consensus is Buy with an average 12-month price target around $208.45, implying nearly 19% upside. Risks include exposure to retail/consumer goods demand cycles and execution on the Wiliot integration. Sentiment is constructive given the strategic investment and major retail partnership.
May 13Avery Dennison announced a $75 million strategic minority investment in Wiliot to scale Physical AI in supply chains, gaining a board seat at the IoT company.Positive▶
On May 1, Avery Dennison disclosed a $75 million minority investment in Wiliot, a leader in Physical AI for supply chains, and will take a seat on Wiliot's board. The deal extends Avery's push into intelligent labels and connected packaging beyond its core Taylor Adhesives acquisition. Q1 2026 sales rose 7% to $2.3 billion with adjusted EPS of $2.47 beating the $2.43 consensus, and the company hiked its quarterly dividend 6% to $1.00. Director Bradley Alford received a 2026 RSU grant on May 1. Risk: the Wiliot stake is small but adds execution risk on monetizing Physical AI; organic growth remained modest at just 1% in Q1.
May 12No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 11Avery Dennison raised dividend 6.4% to $1.00 per share marking 15 straight years of dividend growth.Positive▶
Avery Dennison reported Q1 2026 adjusted EPS of $2.47 (+7% YoY) on sales of $2,298.5M and net income of $168.1M. The company boosted its quarterly dividend from $0.94 to $1.00 per share (+6.4%), marking 15 straight years of dividend increases. Q2 2026 guidance was set at $2.21-$2.31 per share (~3% growth at midpoint). Materials Group strength offset softer Solutions Group performance. Truist lifted its price target to $234 (from $213), citing packaging volume challenges. Stock trading at a 19.3% discount to fair value estimate of $205.
May 8Q1 beats with $2.47 EPS vs $2.43 est; raises quarterly dividend 6.4% to $1.00Neutral▶
Avery Dennison delivered Q1 2026 with revenue of $2.30B beating $2.26B estimate and adjusted EPS of $2.47 vs $2.43 expected. Company raised quarterly dividend by 6.4% to $1.00/share (15th consecutive year of increases). Materials Group showed mid single-digit growth in base label categories while Solutions Group faced headwinds in Graphics and Reflectives. Analyst targets mixed post-earnings: Citi lowered to $185 from $190, UBS to $220 from $222, JPMorgan to $185 from $205; BofA raised to $202 from $201.
May 7Avery Dennison raises Q1 dividend 6% and reports 7% year-over-year revenue growth with strong adjusted EPSPositive▶
Avery Dennison reported Q1 2026 revenue of $2.298 billion with adjusted EPS of $2.47, reflecting 7% year-over-year growth. The company raised its quarterly dividend by 6% to $1.00 per share, demonstrating commitment to shareholder returns amid retail sector challenges. Walmart and Avery Dennison collaborated on RFID sensor labels for fresh categories including meat, bakery, and deli to reduce unsold food. Analysts maintain Buy consensus with $208.45 target price representing 18.9% upside.
May 6Avery Dennison Q1 revenue up 7% to $2.3B, dividend raised 6%, announces $75M Wiliot investmentPositive▶
Avery Dennison reported Q1 2026 revenue of $2.298B (+7% YoY) with adjusted EPS of $2.47. Quarterly dividend raised 6% to $1.00/share signaling cash return commitment despite retail headwinds. Announced $75M minority investment in Wiliot (physical AI supply chain leader), with Avery Dennison becoming preferred manufacturing and commercial partner. Expanded RFID collaboration with Walmart on fresh category labels (meat, bakery, deli) for cold/high-moisture cases.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| SWSMURFIT | $44.87 | +18.89% | +1.0% | 11.9x | 0.94 | $19.8B |
| PKGPACKAGING | $231.24 | +8.18% | +1.5% | 17.5x | 0.83 | $19.0B |
| AMCRAMCOR | $42.15 | +9.48% | +2.7% | 9.0x | 0.63 | $17.8B |
| IPINTERNATIONAL | $37.46 | +18.90% | +3.6% | 11.8x | 0.90 | $16.7B |
| AVYAVERY | $161.75 | +1.79% | +1.3% | 14.2x | 0.85 | $12.2B |
| LINLINDE | $519.59 | +0.99% | +0.7% | 26.1x | 0.74 | $237.9B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.