Strategic Global Advisors LLC bought a new stake in shares of Avery Dennison Corporation (NYSE:AVY – Free Report) in the second quarter, Holdings Channel.com reports. The institutional investor bought 4,320 shares of the industrial products company’s stock, valued at approximately $701,000.
Several other institutional investors also recently bought and sold shares of AVY. Empowered Funds LLC lifted its holdings in shares of Avery Dennison by 6.4% during the 1st quarter. Empowered Funds LLC now owns 13,534 shares of the industrial products company’s stock valued at $2,409,000 after purchasing an additional 819 shares during the last quarter. Focus Partners Wealth grew its stake in Avery Dennison by 7.6% during the 1st quarter. Focus Partners Wealth now owns 3,918 shares of the industrial products company’s stock worth $697,000 after buying an additional 278 shares during the last quarter. Intech Investment Management LLC purchased a new position in Avery Dennison during the 1st quarter worth $1,209,000. EverSource Wealth Advisors LLC increased its position in Avery Dennison by 164.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 389 shares of the industrial products company’s stock valued at $68,000 after buying an additional 242 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Avery Dennison during the 2nd quarter valued at about $241,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
AVY has been the subject of several recent analyst reports. Citigroup raised 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. Argus set a $175.00 price objective on shares of Avery Dennison in a report on Thursday, June 4th. Truist Financial decreased their price objective on shares of Avery Dennison from $221.00 to $209.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. Wall Street Zen upgraded 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 target price on shares of Avery Dennison from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Avery Dennison presently has a consensus rating of “Moderate Buy” and a consensus target price of $201.22.
Avery Dennison Stock Up 1.4%
Shares of AVY stock opened at $182.47 on Thursday. Avery Dennison Corporation has a fifty-two week low of $152.42 and a fifty-two week high of $199.54. The firm has a market capitalization of $13.83 billion, a PE ratio of 19.99, a P/E/G ratio of 2.30 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. The stock’s 50-day simple moving average is $168.10 and its 200-day simple moving average is $170.01.
Avery Dennison (NYSE:AVY – Get Free Report) last released its earnings results on Thursday, July 30th. The industrial products company reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.47 by $0.42. The firm had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.30 billion. Avery Dennison had a return on equity of 34.60% and a net margin of 7.62%.The company’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.42 earnings per share. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. Equities analysts expect that Avery Dennison Corporation will post 10.15 earnings per share for the current year.
Avery Dennison Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.2%. The ex-dividend date is Wednesday, September 2nd. Avery Dennison’s payout ratio is presently 43.81%.
Insider Buying and Selling at Avery Dennison
In other news, SVP Ignacio J. Walker sold 1,742 shares of the 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 sale, the senior vice president owned 7,585 shares in the company, valued at $1,301,661.85. This represents a 18.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.81% of the stock is owned by insiders.
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.
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