Jupiter Topco LLC purchased a new stake in Avery Dennison Corporation (NYSE:AVY – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 8,655 shares of the industrial products company’s stock, valued at approximately $1,404,000.
Other large investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in Avery Dennison in the second quarter valued at $1,052,464,000. Wellington Management Group LLP boosted its position in shares of Avery Dennison by 12.5% during the 3rd quarter. Wellington Management Group LLP now owns 5,808,960 shares of the industrial products company’s stock worth $942,039,000 after purchasing an additional 644,664 shares in the last quarter. Morgan Stanley grew its stake in shares of 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 buying an additional 647,795 shares during the period. State Street Corp increased its position in Avery Dennison by 0.9% in 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 buying an additional 34,124 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Avery Dennison by 4.9% during the 3rd quarter. Invesco Ltd. now owns 1,659,862 shares of the industrial products company’s stock worth $269,180,000 after buying an additional 77,272 shares during the period. Institutional investors and hedge funds own 94.17% of the company’s stock.
Insider Activity
In other news, SVP Ignacio Walker sold 1,742 shares of Avery Dennison stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $171.61, for a total transaction of $298,944.62. Following the completion of the sale, the senior vice president owned 7,585 shares in the company, valued at approximately $1,301,661.85. This trade represents a 18.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.81% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Research Report on AVY
Avery Dennison Stock Performance
NYSE:AVY opened at $175.27 on Friday. The business’s fifty day moving average is $170.12 and its 200 day moving average is $169.32. The firm has a market cap of $13.28 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 2.09 and a beta of 0.81. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.79 and a current ratio of 1.13. Avery Dennison Corporation has a 52-week low of $152.42 and a 52-week high of $199.54.
Avery Dennison (NYSE:AVY – Get Free Report) last released 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. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same period in the previous year, the business earned $2.42 EPS. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. Research analysts predict that Avery Dennison Corporation will post 10.15 EPS for the current year.
Avery Dennison Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be issued a $1.00 dividend. 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 presently 43.81%.
Avery Dennison Company 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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