Avery Dennison Corporation $AVY Shares Bought by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Avery Dennison stake by 1,503.5% in the second quarter, bringing its holdings to 94,561 shares valued at approximately $15.4 million. Overall, institutional investors own 94.17% of AVY shares.
• Avery Dennison exceeded quarterly expectations, reporting $2.89 EPS versus the $2.47 consensus and revenue of $2.46 billion, up 10.9% year over year. The company issued third-quarter 2026 EPS guidance of $10.00–$10.30.
• The company declared a quarterly dividend of $1.00, equivalent to a 2.2% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $201.22, above the reported share price of $178.01.

Assenagon Asset Management S.A. increased its holdings in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 1,503.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 94,561 shares of the industrial products company's stock after purchasing an additional 88,664 shares during the period. Assenagon Asset Management S.A. owned 0.12% of Avery Dennison worth $15,352,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Bill Few Associates Inc. raised its holdings in shares of Avery Dennison by 2.5% during the 2nd quarter. Bill Few Associates Inc. now owns 21,444 shares of the industrial products company's stock valued at $3,481,000 after buying an additional 522 shares during the period. Avior Wealth Management LLC grew its position in Avery Dennison by 24.0% in the second quarter. Avior Wealth Management LLC now owns 4,557 shares of the industrial products company's stock valued at $740,000 after acquiring an additional 881 shares in the last quarter. CX Institutional raised its stake in shares of Avery Dennison by 169.3% during the second quarter. CX Institutional now owns 552 shares of the industrial products company's stock valued at $90,000 after purchasing an additional 347 shares during the period. Eastern Bank lifted its position in shares of Avery Dennison by 10.0% during the second quarter. Eastern Bank now owns 1,045 shares of the industrial products company's stock worth $170,000 after purchasing an additional 95 shares in the last quarter. Finally, Roxbury Financial LLC purchased a new position in shares of Avery Dennison in the second quarter valued at $40,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Avery Dennison Price Performance

Shares of AVY opened at $178.01 on Tuesday. Avery Dennison Corporation has a 52 week low of $152.42 and a 52 week 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 firm has a market cap of $13.49 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 3.07 and a beta of 0.81. The stock has a 50 day moving average of $162.53 and a 200-day moving average of $170.58.

Avery Dennison (NYSE:AVY - Get Free Report) last posted its quarterly earnings results 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. Avery Dennison had a return on equity of 34.60% and a net margin of 7.62%.The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same period in the prior year, the company posted $2.42 EPS. The business's revenue was up 10.9% compared to the same quarter last year. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. As a group, analysts forecast that Avery Dennison Corporation will post 10.13 EPS for the current year.

Avery Dennison Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be given a $1.00 dividend. 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 dividend payout ratio (DPR) is presently 43.81%.

Insider Activity at Avery Dennison

In other news, SVP Ignacio J. Walker sold 1,742 shares of Avery Dennison 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 completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AVY. Wall Street Zen raised shares of Avery Dennison from a "hold" rating to a "buy" rating in a research report on Saturday. Argus set a $175.00 target price on Avery Dennison in a research report on Thursday, June 4th. Citigroup boosted their price target on Avery Dennison from $184.00 to $186.00 and gave the stock a "neutral" rating in a research note on Friday, July 31st. UBS Group raised their price objective on Avery Dennison from $218.00 to $225.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Finally, Weiss Ratings downgraded Avery Dennison from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday, June 8th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Avery Dennison currently has an average rating of "Moderate Buy" and a consensus target price of $201.22.

About Avery Dennison

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source