Avery Dennison Corporation $AVY Holdings Increased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its position in Avery Dennison Corporation (NYSE:AVY - Free Report) by 2,376.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 984,976 shares of the industrial products company's stock after acquiring an additional 945,195 shares during the period. Robeco Institutional Asset Management B.V. owned about 1.30% of Avery Dennison worth $168,106,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in Avery Dennison in the second quarter valued at about $1,052,464,000. Wellington Management Group LLP raised its stake in shares of 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 buying an additional 482,054 shares in the last quarter. Ninety One UK Ltd purchased a new position in shares of Avery Dennison during the 3rd quarter worth approximately $341,344,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of 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 buying an additional 17,769 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Avery Dennison by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 879,056 shares of the industrial products company's stock valued at $151,766,000 after buying an additional 21,044 shares during the period. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Avery Dennison Trading Up 0.5%

Shares of AVY opened at $178.97 on Thursday. 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 Corporation has a 1-year low of $152.42 and a 1-year high of $199.54. The stock has a market cap of $13.56 billion, a price-to-earnings ratio of 19.60, a price-to-earnings-growth ratio of 2.14 and a beta of 0.79. The firm has a 50 day simple moving average of $173.78 and a 200-day simple moving average of $167.28.

Avery Dennison (NYSE:AVY - Get Free Report) last posted its earnings results on Thursday, July 30th. The industrial products company reported $2.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.47 by $0.42. Avery Dennison had a return on equity of 34.60% and a net margin of 7.62%. The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the prior year, the company earned $2.42 EPS. Avery Dennison's revenue was up 10.9% on a year-over-year basis. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. Equities analysts forecast that Avery Dennison Corporation will post 10.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Truist Financial dropped their price objective on Avery Dennison from $209.00 to $208.00 and set a "buy" rating on the stock in a report on Monday, October 12th. Citigroup increased their price objective on Avery Dennison from $184.00 to $186.00 and gave the stock a "neutral" 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. UBS Group boosted their target price on shares of Avery Dennison from $218.00 to $225.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, Weiss Ratings raised shares of 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $199.10.

Insiders Place Their Bets

In other Avery Dennison news, SVP Nicholas Colisto sold 3,886 shares of the company's 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 in the company, valued at approximately $1,216,265.68. This represents a 35.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Ignacio J. Walker sold 1,742 shares of the firm's stock in a transaction dated 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 directly owned 7,585 shares in the company, valued at $1,301,661.85. This represents a 18.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.81% of the stock is owned by company insiders.

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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