Avery Dennison Corporation $AVY Shares Bought by Horizon Investments LLC

Key Points

• Horizon Investments increased its stake in Avery Dennison by 519.2% in Q4, buying 8,925 shares to own 10,644 shares valued at about $1.94 million.
• Avery Dennison beat quarterly estimates with EPS of $2.47 (vs. $2.41) and revenue of $2.30 billion (vs. $2.26B), and set Q2 2026 EPS guidance of 2.430–2.53; analysts hold a consensus rating of Moderate Buy with a $204.11 price target.
• The company raised its quarterly dividend to $1.00 (annualized $4.00), up from $0.94, implying a yield of about 2.5%.

Horizon Investments LLC grew its holdings in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 519.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,644 shares of the industrial products company's stock after acquiring an additional 8,925 shares during the quarter. Horizon Investments LLC's holdings in Avery Dennison were worth $1,936,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Steigerwald Gordon & Koch Inc. acquired a new position in Avery Dennison during the 3rd quarter worth $29,000. Bartlett & CO. Wealth Management LLC raised its position in shares of Avery Dennison by 16,900.0% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 170 shares of the industrial products company's stock worth $31,000 after purchasing an additional 169 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in shares of Avery Dennison during the third quarter worth $36,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Avery Dennison during the second quarter worth $37,000. Finally, True Wealth Design LLC raised its position in shares of Avery Dennison by 285.7% during the fourth quarter. True Wealth Design LLC now owns 216 shares of the industrial products company's stock worth $39,000 after purchasing an additional 160 shares during the period. Institutional investors and hedge funds own 94.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AVY shares. Raymond James Financial set a $192.00 target price on Avery Dennison in a research report on Tuesday, April 21st. Truist Financial reaffirmed a "buy" rating and set a $221.00 target price (down from $223.00) on shares of Avery Dennison in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft started coverage on Avery Dennison in a research report on Wednesday, April 1st. They set a "buy" rating and a $200.00 target price on the stock. UBS Group cut their target price on Avery Dennison from $226.00 to $222.00 and set a "buy" rating on the stock in a research report on Friday, April 10th. Finally, JPMorgan Chase & Co. dropped their price target on Avery Dennison from $205.00 to $185.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 29th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $204.11.

Insider Transactions at Avery Dennison

In other Avery Dennison news, Director Mitchell R. Butier sold 20,000 shares of the business's stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $173.88, for a total value of $3,477,600.00. Following the transaction, the director owned 211,147 shares in the company, valued at $36,714,240.36. The trade was a 8.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Ignacio J. Walker sold 1,156 shares of the business's stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $192.95, for a total value of $223,050.20. Following the completion of the transaction, the senior vice president owned 7,588 shares in the company, valued at $1,464,104.60. This trade represents a 13.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 34,156 shares of company stock worth $5,930,150 in the last 90 days. Corporate insiders own 0.81% of the company's stock.

Avery Dennison Stock Up 1.0%

NYSE:AVY opened at $162.04 on Wednesday. The firm has a market capitalization of $12.46 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 2.76 and a beta of 0.84. Avery Dennison Corporation has a 1-year low of $156.23 and a 1-year high of $199.54. The company has a current ratio of 1.15, a quick ratio of 0.80 and a debt-to-equity ratio of 1.38. The business's fifty day moving average price is $173.56 and its 200 day moving average price is $178.21.

Avery Dennison (NYSE:AVY - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.06. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.26 billion. Avery Dennison had a return on equity of 33.69% and a net margin of 7.66%.Avery Dennison's quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.30 earnings per share. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. On average, sell-side analysts forecast that Avery Dennison Corporation will post 10.06 earnings per share for the current fiscal year.

Avery Dennison Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.5%. This is an increase from Avery Dennison's previous quarterly dividend of $0.94. The ex-dividend date is Wednesday, June 3rd. Avery Dennison's dividend payout ratio is presently 42.39%.

Avery Dennison 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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