Avery Dennison Corporation $AVY Shares Sold by Comgest Global Investors S.A.S.

Comgest Global Investors S.A.S. lessened its holdings in Avery Dennison Corporation (NYSE:AVY) by 58.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 66,674 shares of the industrial products company’s stock after selling 95,210 shares during the quarter. Comgest Global Investors S.A.S.’s holdings in Avery Dennison were worth $10,813,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Avery Dennison during the third quarter worth $29,000. Vermillion & White Wealth Management Group LLC lifted its holdings in Avery Dennison by 89.9% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 80 shares during the period. NewSquare Capital LLC lifted its stake in shares of Avery Dennison by 156.2% in the 2nd quarter. NewSquare Capital LLC now owns 187 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 114 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in shares of Avery Dennison during the 2nd quarter worth about $35,000. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Avery Dennison during the 2nd quarter worth approximately $37,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Citigroup raised their price target on shares of Avery Dennison from $188.00 to $201.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. UBS Group upped their price objective on shares of Avery Dennison from $218.00 to $226.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Avery Dennison in a research note on Monday, December 29th. Truist Financial upped their price objective on shares of Avery Dennison from $213.00 to $234.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Finally, Argus set a $200.00 price objective on Avery Dennison in a report on Tuesday, October 28th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $208.45.

Insider Activity

In other news, SVP Ignacio J. Walker sold 1,156 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $192.95, for a total transaction of $223,050.20. Following the completion of the transaction, the senior vice president directly owned 7,588 shares of the company’s stock, valued at approximately $1,464,104.60. The trade was a 13.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.84% of the company’s stock.

Avery Dennison Stock Performance

NYSE AVY opened at $195.58 on Thursday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.13 and a quick ratio of 0.76. The company has a market cap of $15.12 billion, a P/E ratio of 22.28, a P/E/G ratio of 3.45 and a beta of 1.00. The stock has a 50-day moving average of $186.43 and a two-hundred day moving average of $175.56. Avery Dennison Corporation has a 1-year low of $156.23 and a 1-year high of $197.54.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.40 by $0.05. Avery Dennison had a net margin of 7.77% and a return on equity of 33.84%. The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same quarter last year, the firm posted $2.38 earnings per share. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. Avery Dennison has set its Q1 2026 guidance at 2.400-2.46 EPS. As a group, analysts anticipate that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be given a $0.94 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $3.76 dividend on an annualized basis and a yield of 1.9%. Avery Dennison’s dividend payout ratio (DPR) is currently 42.82%.

About Avery Dennison

Avery Dennison (NYSE:AVY) is a global materials science and manufacturing company specializing in labeling and packaging solutions. The company develops pressure-sensitive materials, tags and labels, and adhesive technologies that help brands and businesses enhance product identification, branding and supply-chain performance. Avery Dennison’s offerings range from industrial and retail labeling to high-performance tapes, films and graphics materials used across multiple end markets.

The company operates through several key segments, including Label and Graphic Materials, which supplies pressure-sensitive materials for consumer goods; Retail Branding and Information Solutions, offering apparel tags, RFID inlays and digital product identification; Pressure-Sensitive Materials, providing specialty tapes and adhesives; and RF Technologies, focused on advanced RFID and IoT labeling solutions.