17,116 Shares in Avery Dennison Corporation $AVY Bought by Diversified Management Inc.

Key Points

• Diversified Management Inc. bought 17,116 Avery Dennison shares worth approximately $2.9 million in the third quarter. Institutional investors and hedge funds collectively own 94.17% of the company.
• Avery Dennison reported quarterly EPS of $2.89, exceeding the $2.47 consensus estimate, while revenue rose 10.9% year over year to $2.46 billion. The company also pays a $1.00 quarterly dividend, equivalent to a 2.4% annual yield.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $199.20, compared with the stock’s reported price of $167.64. Two senior vice presidents recently sold company shares, while insiders own 0.81% of the stock.

Diversified Management Inc. purchased a new stake in Avery Dennison Corporation (NYSE:AVY - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 17,116 shares of the industrial products company's stock, valued at approximately $2,921,000.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Avery Dennison in the 2nd quarter valued at $1,052,464,000. Wellington Management Group LLP boosted its stake in Avery Dennison by 9.1% during the 2nd quarter. Wellington Management Group LLP now owns 5,788,479 shares of the industrial products company's stock worth $939,760,000 after purchasing an additional 482,054 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Avery Dennison by 1.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 956,886 shares of the industrial products company's stock worth $155,350,000 after purchasing an additional 17,769 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Avery Dennison by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 879,056 shares of the industrial products company's stock worth $151,766,000 after purchasing an additional 21,044 shares during the last quarter. Finally, Bank of America Corp DE acquired a new position in Avery Dennison in the second quarter valued at $142,169,000. Institutional investors and hedge funds own 94.17% of the company's stock.

Avery Dennison Stock Performance

Avery Dennison stock opened at $167.64 on Friday. Avery Dennison Corporation has a fifty-two week low of $152.42 and a fifty-two week high of $199.54. The company has a market capitalization of $12.71 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 2.01 and a beta of 0.79. The stock has a fifty day moving average of $174.14 and a two-hundred day moving average of $167.01. 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 (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 (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.42. The business had revenue of $2.46 billion for 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 business's revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.42 earnings per share. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. On average, analysts anticipate that Avery Dennison Corporation will post 10.15 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Wednesday, September 2nd. Avery Dennison's payout ratio is presently 43.81%.

Analyst Ratings Changes

Several analysts have recently weighed in on AVY shares. Wall Street Zen raised shares of Avery Dennison from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Jefferies Financial Group restated a "hold" rating and issued a $181.00 price objective on shares of Avery Dennison in a research report on Monday, September 28th. Bank of America reaffirmed a "buy" rating on shares of Avery Dennison in a report on Friday, August 14th. Citigroup boosted their target price on Avery Dennison from $184.00 to $186.00 and gave the stock a "neutral" rating in a research report on Friday, July 31st. Finally, Weiss Ratings raised Avery Dennison from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $199.20.

Insider Activity at Avery Dennison

In related news, SVP Nicholas Colisto sold 3,886 shares of the company's stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $170.68, for a total transaction of $663,262.48. Following the completion of the transaction, the senior vice president owned 7,126 shares of the company's stock, valued at approximately $1,216,265.68. This represents a 35.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Ignacio Walker sold 1,742 shares of the business's stock in a transaction dated 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 directly owned 7,585 shares of the company's stock, valued at approximately $1,301,661.85. This trade represents a 18.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate 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 pressure-sensitive adhesives, functional materials and intelligent labeling solutions. Its products help identify, brand, decorate, track and protect products across a range of industries.

The company serves the apparel, retail, consumer goods, logistics, food, healthcare, automotive and industrial markets. Its offerings include label and graphic materials, self-adhesive tapes, specialty films, RFID inlays and tags, apparel labels, retail branding systems, packaging solutions and healthcare-related materials.

Avery Dennison was founded in 1935 by R.

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