Robeco Institutional Asset Management B.V. increased its holdings in Avery Dennison Corporation (NYSE:AVY – Free Report) by 2,376.0% in the third quarter, Holdings Channel.com reports. The firm owned 984,976 shares of the industrial products company’s stock after purchasing an additional 945,195 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Avery Dennison were worth $168,106,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in AVY. Diversify Advisory Services LLC lifted its holdings in shares of Avery Dennison by 2.0% during the 3rd quarter. Diversify Advisory Services LLC now owns 8,369 shares of the industrial products company’s stock worth $1,472,000 after acquiring an additional 167 shares during the period. Louisbourg Investments Inc. acquired a new stake in shares of Avery Dennison in the third quarter worth approximately $39,000. Willis Investment Counsel grew its holdings in Avery Dennison by 57.2% in the third quarter. Willis Investment Counsel now owns 54,310 shares of the industrial products company’s stock valued at $9,269,000 after purchasing an additional 19,752 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Avery Dennison by 60.6% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,740 shares of the industrial products company’s stock valued at $2,516,000 after purchasing an additional 5,563 shares during the period. Finally, Family Wealth Partners LLC acquired a new position in Avery Dennison during the third quarter worth approximately $128,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other Avery Dennison news, SVP Nicholas Colisto sold 3,886 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $170.68, for a total transaction of $663,262.48. Following the completion of the sale, the senior vice president owned 7,126 shares in the company, valued at $1,216,265.68. This trade represents a 35.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Ignacio J. Walker sold 1,742 shares of Avery Dennison stock in a transaction that occurred on Tuesday, August 4th. The stock was 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.81% of the company’s stock.
Avery Dennison Stock Performance
Avery Dennison stock opened at $178.97 on Thursday. Avery Dennison Corporation has a 12-month low of $152.42 and a 12-month high of $199.54. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 0.79. The company has a market capitalization of $13.56 billion, a price-to-earnings ratio of 19.60, a price-to-earnings-growth ratio of 2.14 and a beta of 0.79. The firm’s fifty day moving average price is $173.78 and its 200 day moving average price is $167.28.
Avery Dennison (NYSE:AVY – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.47 by $0.42. The company had revenue of $2.46 billion during 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 firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.42 EPS. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. On average, research analysts forecast that Avery Dennison Corporation will post 10.15 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on AVY shares. Wall Street Zen raised shares of Avery Dennison from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Citigroup boosted their price objective on shares of Avery Dennison from $184.00 to $186.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Weiss Ratings upgraded Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Truist Financial cut their target price on Avery Dennison from $209.00 to $208.00 and set a “buy” rating on the stock in a research report on Monday, October 12th. Finally, UBS Group lifted their target price on Avery Dennison from $218.00 to $225.00 and gave the company a “buy” rating in a report on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.10.
View Our Latest Research Report on Avery Dennison
Avery Dennison Company Profile
Avery Dennison Corporation (NYSE: AVY) is a global materials science and manufacturing company that develops and produces labeling, packaging, graphic, and functional materials. Its products are used by businesses across industries including consumer goods, retail, logistics, apparel, automotive, healthcare, and industrial manufacturing.
The company’s offerings include pressure-sensitive labels and label materials, adhesives, industrial and specialty tapes, graphic films, and packaging materials.
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