Avery Dennison Corporation $AVY Shares Newly Acquired by NorthCrest Asset Manangement LLC

Key Points

• NorthCrest Asset Management purchased 9,157 Avery Dennison shares worth approximately $1.56 million in the third quarter. Institutional investors collectively own 94.17% of the company.
• Avery Dennison exceeded quarterly expectations, reporting $2.89 in EPS versus the $2.47 consensus estimate and $2.46 billion in revenue, up 10.9% year over year.
• The company pays a quarterly dividend of $1.00, or $4.00 annually, yielding about 2.3%. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $199.10.

NorthCrest Asset Manangement LLC purchased a new position in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,157 shares of the industrial products company's stock, valued at approximately $1,563,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Avery Dennison in the 2nd quarter valued at approximately $1,052,464,000. Bank of America Corp DE acquired a new stake in shares of Avery Dennison in the 2nd quarter valued at $142,169,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Avery Dennison in the second quarter worth about $118,728,000. Bank of New York Mellon Corp acquired a new stake in Avery Dennison in the 2nd quarter worth approximately $101,896,000. Finally, Deutsche Bank AG bought a new stake in shares of Avery Dennison during the 2nd quarter worth $92,791,000. Hedge funds and other institutional investors own 94.17% of the company's stock.

Insider Buying and Selling

In other news, SVP Ignacio J. Walker sold 1,742 shares of the business'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 completion of the transaction, the senior vice president directly owned 7,585 shares in the company, 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 is available through this hyperlink. Also, SVP Nicholas Colisto sold 3,886 shares of the company's stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $170.68, for a total transaction of $663,262.48. Following the completion of the sale, the senior vice president directly owned 7,126 shares of the company's stock, valued at $1,216,265.68. The trade was a 35.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.81% of the stock is currently owned by company insiders.

Avery Dennison Stock Up 0.6%

Shares of NYSE AVY opened at $171.80 on Thursday. Avery Dennison Corporation has a 12-month low of $152.42 and a 12-month high of $199.54. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 1.37. The firm's 50-day simple moving average is $173.88 and its 200 day simple moving average is $167.06. The company has a market cap of $13.02 billion, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 2.05 and a beta of 0.79.

Avery Dennison (NYSE:AVY - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.89 earnings per share 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 analysts' expectations of $2.30 billion. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. Avery Dennison's revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.42 EPS. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. On average, research analysts expect that Avery Dennison Corporation will post 10.15 earnings per share for the current fiscal year.

Avery Dennison Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Wednesday, September 2nd. Avery Dennison's dividend payout ratio (DPR) is 43.81%.

Analysts Set New Price Targets

Several analysts recently weighed in on AVY shares. Wall Street Zen upgraded Avery Dennison from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Weiss Ratings raised shares of Avery Dennison from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. lifted their target price on shares of Avery Dennison from $185.00 to $190.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Bank of America reissued a "buy" rating on shares of Avery Dennison in a research note on Friday, August 14th. Finally, Truist Financial dropped their price target on shares of Avery Dennison from $209.00 to $208.00 and set a "buy" rating for the company in a research report on Monday. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $199.10.

Avery Dennison Profile

Avery Dennison Corporation NYSE: AVY is a global materials science and manufacturing company that develops pressure-sensitive adhesives, functional materials and intelligent labeling solutions. Its products help identify, brand, decorate, track and protect products across a range of industries.

The company serves the apparel, retail, consumer goods, logistics, food, healthcare, automotive and industrial markets. Its offerings include label and graphic materials, self-adhesive tapes, specialty films, RFID inlays and tags, apparel labels, retail branding systems, packaging solutions and healthcare-related materials.

Avery Dennison was founded in 1935 by R.

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