Wellington Management Group LLP increased its stake in shares of Avery Dennison Corporation (NYSE:AVY – Free Report) by 9.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 5,788,479 shares of the industrial products company’s stock after purchasing an additional 482,054 shares during the period. Wellington Management Group LLP owned 0.08% of Avery Dennison worth $939,760,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Avery Dennison in the second quarter valued at approximately $1,052,464,000. Morgan Stanley boosted its holdings in Avery Dennison by 20.1% in the 4th quarter. Morgan Stanley now owns 3,869,889 shares of the industrial products company’s stock valued at $703,856,000 after purchasing an additional 647,795 shares during the period. State Street Corp grew its position in shares of Avery Dennison by 0.9% during the 4th quarter. State Street Corp now owns 3,701,598 shares of the industrial products company’s stock valued at $673,247,000 after purchasing an additional 34,124 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Avery Dennison by 4.9% in the third quarter. Invesco Ltd. now owns 1,659,862 shares of the industrial products company’s stock worth $269,180,000 after purchasing an additional 77,272 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Avery Dennison by 5.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,322,221 shares of the industrial products company’s stock worth $240,487,000 after buying an additional 74,063 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on AVY shares. Citigroup boosted their target price on Avery Dennison from $184.00 to $186.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Bank of America reiterated a “buy” rating on shares of Avery Dennison in a research report on Friday, August 14th. Argus set a $175.00 price objective on Avery Dennison in a report on Thursday, June 4th. Wall Street Zen raised shares of Avery Dennison from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Avery Dennison from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $201.22.
Insider Buying and Selling
In related news, SVP Ignacio J. Walker sold 1,742 shares of Avery Dennison stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $171.61, for a total value of $298,944.62. Following the transaction, the senior vice president owned 7,585 shares in the company, valued at $1,301,661.85. This trade represents a 18.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.81% of the stock is currently owned by insiders.
Avery Dennison Stock Performance
NYSE:AVY opened at $177.71 on Friday. The company has a market capitalization of $13.47 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 2.27 and a beta of 0.81. The business has a 50 day moving average of $168.88 and a 200 day moving average of $169.98. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 0.79. Avery Dennison Corporation has a 1-year low of $152.42 and a 1-year high of $199.54.
Avery Dennison (NYSE:AVY – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.42. The business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the business earned $2.42 earnings per share. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. On average, sell-side analysts predict that Avery Dennison Corporation will post 10.15 earnings per share for the current fiscal year.
Avery Dennison Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $4.00 annualized dividend and a dividend yield of 2.3%. Avery Dennison’s dividend payout ratio (DPR) is currently 43.81%.
Avery Dennison Profile
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.
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