23,719 Shares in Avery Dennison Corporation $AVY Bought by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio purchased 23,719 Avery Dennison shares worth approximately $3.85 million. Institutional investors collectively own 94.17% of the company.
• Analysts maintain a generally positive outlook, with seven Buy ratings and two Holds, producing a consensus “Moderate Buy” rating and an average price target of $201.22.
• Avery Dennison exceeded quarterly expectations with $2.89 EPS versus the $2.47 estimate and revenue of $2.46 billion. The company also declared a quarterly dividend of $1.00 per share, equivalent to a 2.3% annualized yield.

Public Employees Retirement System of Ohio purchased 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 & Exchange Commission. The institutional investor purchased 23,719 shares of the industrial products company's stock, valued at approximately $3,851,000.

Several other large investors have also recently modified their holdings of the stock. Trust Co. of Vermont purchased a new stake in Avery Dennison during the 2nd quarter valued at about $27,000. Elevation Wealth Partners LLC lifted its position in Avery Dennison by 684.0% in the second quarter. Elevation Wealth Partners LLC now owns 196 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 171 shares during the last quarter. Root Financial Partners LLC lifted its position 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 purchasing an additional 73 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in shares of Avery Dennison during the third quarter valued at approximately $36,000. Finally, Godfrey Financial Associates Inc. bought a new position in shares of Avery Dennison in the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 94.17% of the company's stock.

Wall Street Analysts Forecast Growth

AVY has been the subject of a number of recent analyst reports. Bank of America reiterated a "buy" rating on shares of Avery Dennison in a report on Friday, August 14th. Wall Street Zen upgraded shares of Avery Dennison from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Weiss Ratings upgraded shares of Avery Dennison from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. Truist Financial reduced their price target on Avery Dennison from $221.00 to $209.00 and set a "buy" rating on the stock in a report on Wednesday, July 15th. Finally, Citigroup upped their price target 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 two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $201.22.

Avery Dennison Stock Performance

Shares of AVY opened at $173.49 on Friday. The company has a 50-day simple moving average of $169.93 and a two-hundred day simple moving average of $169.28. 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 firm has a market capitalization of $13.15 billion, a PE ratio of 19.00, a price-to-earnings-growth ratio of 2.11 and a beta of 0.81. Avery Dennison Corporation has a one year low of $152.42 and a one year high of $199.54.

Avery Dennison (NYSE:AVY - Get Free Report) last announced its earnings results on Thursday, July 30th. The industrial products company reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.42. The firm had revenue of $2.46 billion during 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 business's revenue 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. On average, analysts anticipate that Avery Dennison Corporation will post 10.15 EPS for the current fiscal year.

Avery Dennison Announces Dividend

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 issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Wednesday, September 2nd. Avery Dennison's dividend payout ratio is 43.81%.

Insiders Place Their Bets

In related news, SVP Ignacio 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 completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.81% of the stock is currently owned by company insiders.

Avery Dennison Company Profile

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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