Figure 8 Investment Strategies LLC bought a new position in shares of Avery Dennison Corporation (NYSE:AVY – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 7,242 shares of the industrial products company’s stock, valued at approximately $1,176,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Meeder Advisory Services Inc. bought a new position in shares of Avery Dennison during the second quarter worth about $418,000. BlackRock Inc. bought a new position in Avery Dennison during the 2nd quarter worth approximately $1,052,464,000. Deutsche Bank AG bought a new position in Avery Dennison during the 2nd quarter worth approximately $92,791,000. Trust Co. of Vermont acquired a new position in shares of Avery Dennison in the 2nd quarter worth approximately $27,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Avery Dennison in the 2nd quarter valued at $30,425,000. Institutional investors and hedge funds own 94.17% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on AVY. Bank of America reissued a “buy” rating on shares of Avery Dennison in a research note on Friday. Citigroup increased their price target on Avery Dennison from $184.00 to $186.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Raymond James Financial set a $192.00 price objective on Avery Dennison in a research report on Tuesday, April 21st. JPMorgan Chase & Co. upped their target price on Avery Dennison from $185.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Finally, Wall Street Zen raised Avery Dennison from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $201.22.
Avery Dennison Price Performance
Shares of AVY opened at $177.60 on Wednesday. Avery Dennison Corporation has a 12-month low of $152.42 and a 12-month high of $199.54. The business’s fifty day moving average is $165.30 and its 200 day moving average is $170.26. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 1.37. The stock has a market cap of $13.46 billion, a P/E ratio of 19.45, a P/E/G ratio of 2.93 and a beta of 0.81.
Avery Dennison (NYSE:AVY – Get Free Report) last announced 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 business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the previous year, the business posted $2.42 EPS. Avery Dennison’s quarterly revenue was up 10.9% on a year-over-year basis. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. Sell-side analysts anticipate that Avery Dennison Corporation will post 10.15 earnings per share for the current fiscal year.
Avery Dennison Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be given a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $4.00 annualized dividend and a yield of 2.3%. Avery Dennison’s dividend payout ratio (DPR) is presently 43.81%.
Insiders Place Their Bets
In other Avery Dennison news, SVP Ignacio J. 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 transaction, the senior vice president owned 7,585 shares in the company, valued at approximately $1,301,661.85. The trade was a 18.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.81% of the company’s stock.
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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