B. Metzler seel. Sohn & Co. AG purchased a new position in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 7,162 shares of the industrial products company's stock, valued at approximately $1,163,000.
A number of other institutional investors and hedge funds have also made changes to their positions in AVY. BlackRock Inc. purchased a new stake in Avery Dennison in the 2nd quarter worth $1,052,464,000. Norges Bank purchased a new position in Avery Dennison during the fourth quarter valued at $188,438,000. Morgan Stanley grew its position in shares of Avery Dennison by 20.1% in the fourth quarter. Morgan Stanley now owns 3,869,889 shares of the industrial products company's stock valued at $703,856,000 after purchasing an additional 647,795 shares during the period. Wellington Management Group LLP grew its position in shares of Avery Dennison by 12.5% in the third quarter. Wellington Management Group LLP now owns 5,808,960 shares of the industrial products company's stock valued at $942,039,000 after purchasing an additional 644,664 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Avery Dennison during the second quarter worth about $101,896,000. 94.17% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Avery Dennison
In other news, SVP Ignacio J. Walker sold 1,742 shares of Avery Dennison stock in a transaction that occurred on Tuesday, August 4th. The shares were 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 approximately $1,301,661.85. The trade was a 18.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.81% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on AVY. Truist Financial decreased their price target on shares of Avery Dennison from $221.00 to $209.00 and set a "buy" rating on the stock in a research note on Wednesday, July 15th. Weiss Ratings raised Avery Dennison from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. Wall Street Zen upgraded Avery Dennison from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Argus set a $175.00 price target on Avery Dennison in a research note on Thursday, June 4th. Finally, Citigroup increased their price objective on Avery Dennison from $184.00 to $186.00 and gave the company a "neutral" rating in a research note on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $201.22.
View Our Latest Research Report on AVY
Avery Dennison Price Performance
NYSE:AVY opened at $183.79 on Monday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.79 and a current ratio of 1.13. The stock has a 50 day moving average price of $166.80 and a 200 day moving average price of $170.20. The stock has a market cap of $13.93 billion, a PE ratio of 20.13, a P/E/G ratio of 3.01 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 posted its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.89 EPS for the quarter, topping the consensus estimate of $2.47 by $0.42. The business 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 company's quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.42 EPS. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. Equities research analysts expect that Avery Dennison Corporation will post 10.15 EPS for the current fiscal year.
Avery Dennison Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be issued a dividend of $1.00 per share. The ex-dividend date is Wednesday, September 2nd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.2%. Avery Dennison's dividend payout ratio (DPR) is currently 43.81%.
Avery Dennison Profile
(
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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