Nisa Investment Advisors LLC increased its stake in Avery Dennison Corporation (NYSE:AVY – Free Report) by 220.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,080 shares of the industrial products company’s stock after buying an additional 38,598 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.07% of Avery Dennison worth $9,571,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Bank of America Corp DE bought a new position in shares of Avery Dennison in the 2nd quarter valued at about $142,169,000. HighTower Advisors LLC increased its stake in shares of Avery Dennison by 32.9% during the 2nd quarter. HighTower Advisors LLC now owns 68,647 shares of the industrial products company’s stock worth $11,145,000 after purchasing an additional 17,003 shares during the last quarter. AXQ Capital LP acquired a new position in shares of Avery Dennison during the 2nd quarter worth about $1,053,000. Corient Private Wealth LP increased its stake in shares of Avery Dennison by 91.1% during the 2nd quarter. Corient Private Wealth LP now owns 124,011 shares of the industrial products company’s stock worth $20,133,000 after purchasing an additional 59,109 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Avery Dennison in the 2nd quarter valued at about $6,283,000. Institutional investors and hedge funds own 94.17% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on AVY. Jefferies Financial Group reiterated a “hold” rating and issued a $181.00 target price on shares of Avery Dennison in a research note on Monday, September 28th. Weiss Ratings raised Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Truist Financial lowered their price target 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. Bank of America restated a “buy” rating on shares of Avery Dennison in a research note on Friday, August 14th. Finally, Citigroup raised their price objective on Avery Dennison from $184.00 to $186.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Avery Dennison has an average rating of “Moderate Buy” and an average price target of $199.10.
Check Out Our Latest Research Report on Avery Dennison
Avery Dennison Trading Up 3.0%
AVY stock opened at $184.34 on Friday. Avery Dennison Corporation has a one year low of $152.42 and a one year high of $199.54. The stock has a market cap of $13.97 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 2.15 and a beta of 0.79. The company has a fifty day moving average price of $173.88 and a two-hundred day moving average price of $167.37. 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 (NYSE:AVY – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.42. The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.30 billion. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. The company’s revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.42 earnings per share. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. Equities analysts anticipate that Avery Dennison Corporation will post 10.15 EPS for the current year.
Insider Activity
In other Avery Dennison news, SVP Nicholas Colisto sold 3,886 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $170.68, for a total value of $663,262.48. Following the transaction, the senior vice president directly owned 7,126 shares of the company’s stock, valued at $1,216,265.68. This represents a 35.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Ignacio J. Walker sold 1,742 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $171.61, for a total transaction of $298,944.62. Following the sale, the senior vice president owned 7,585 shares of the company’s stock, valued at $1,301,661.85. This trade 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.
About Avery Dennison
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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