Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 187,400 shares of the industrial products company's stock, valued at approximately $30,425,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.25% of Avery Dennison at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Elevation Wealth Partners LLC raised its holdings in shares of Avery Dennison by 684.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 196 shares of the industrial products company's stock worth $32,000 after buying an additional 171 shares in the last quarter. Root Financial Partners LLC boosted its stake in Avery Dennison by 60.8% in the fourth quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company's stock valued at $35,000 after buying an additional 73 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in Avery Dennison in the third quarter valued at about $36,000. Godfrey Financial Associates Inc. acquired a new position in Avery Dennison during the fourth quarter worth about $37,000. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Avery Dennison in the second quarter worth about $37,000. Institutional investors and hedge funds own 94.17% of the company's stock.
Avery Dennison Stock Performance
Shares of Avery Dennison stock opened at $182.67 on Friday. The business has a 50-day moving average price of $166.31 and a two-hundred day moving average price of $170.22. Avery Dennison Corporation has a 1-year low of $152.42 and a 1-year high of $199.54. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 1.37. The company has a market cap of $13.84 billion, a P/E ratio of 20.01, a PEG ratio of 3.00 and a beta of 0.81.
Avery Dennison (NYSE:AVY - Get Free Report) last announced its earnings results on Thursday, July 30th. The industrial products company reported $2.89 EPS 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 return on equity of 34.60% and a net margin of 7.62%.The firm's revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.42 EPS. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. As a group, analysts anticipate that Avery Dennison Corporation will post 10.15 EPS for the current year.
Avery Dennison Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend 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
In other Avery Dennison news, SVP Ignacio J. Walker sold 1,742 shares of Avery Dennison 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 completion of the sale, the senior vice president directly owned 7,585 shares of the company's stock, valued at approximately $1,301,661.85. The trade was a 18.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.81% of the company's stock.
Analyst Ratings Changes
A number of research firms recently issued reports on AVY. JPMorgan Chase & Co. upped their price objective 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. Bank of America reissued a "buy" rating on shares of Avery Dennison in a report on Friday, August 14th. Weiss Ratings raised Avery Dennison from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. Argus set a $175.00 price target on Avery Dennison in a research note on Thursday, June 4th. Finally, Wall Street Zen raised Avery Dennison from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $201.22.
Read Our Latest Analysis on Avery Dennison
About Avery Dennison
(
Free Report)
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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