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

Key Points

• Assenagon Asset Management increased its Avery Dennison stake by 616.5% in the third quarter, purchasing 582,967 additional shares and bringing its holdings to 677,528 shares valued at approximately $115.6 million. Institutional investors collectively own 94.17% of the company.
• Avery Dennison reported quarterly EPS of $2.89, exceeding estimates of $2.47, while revenue rose 10.9% year over year to $2.46 billion. The company also pays a $4.00 annual dividend, yielding about 2.3%.
• Analysts maintain a generally positive outlook, with seven Buy ratings and three Holds, producing a consensus “Moderate Buy” rating and a $199.10 target price versus the reported share price of $175.47.

Assenagon Asset Management S.A. increased its position in Avery Dennison Corporation (NYSE:AVY - Free Report) by 616.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 677,528 shares of the industrial products company's stock after purchasing an additional 582,967 shares during the period. Assenagon Asset Management S.A. owned about 0.89% of Avery Dennison worth $115,634,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AVY. Trust Co. of Vermont purchased a new position in shares of Avery Dennison during the second quarter valued at $27,000. Elevation Wealth Partners LLC lifted its stake in Avery Dennison by 684.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 196 shares of the industrial products company's stock worth $32,000 after acquiring an additional 171 shares in the last quarter. Roxbury Financial LLC purchased a new stake in Avery Dennison in the 2nd quarter worth about $40,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Avery Dennison during the 2nd quarter worth about $40,000. Finally, Miller Global Investments LLC purchased a new position in Avery Dennison during the 3rd quarter valued at about $48,000. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Avery Dennison Trading Down 0.2%

Shares of NYSE:AVY opened at $175.47 on Friday. The company has a market cap of $13.30 billion, a P/E ratio of 17.28, a P/E/G ratio of 2.11 and a beta of 0.79. The stock's 50-day moving average is $173.89 and its 200-day moving average is $167.18. Avery Dennison Corporation has a 52-week low of $152.42 and a 52-week high of $199.54. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.79 and a current ratio of 1.13.

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

Avery Dennison Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AVY. Jefferies Financial Group reiterated a "hold" rating and issued a $181.00 target price on shares of Avery Dennison in a report on Monday, September 28th. Truist Financial decreased their price target on shares of Avery Dennison from $209.00 to $208.00 and set a "buy" rating for the company in a report on Monday. Wall Street Zen raised shares of Avery Dennison from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. UBS Group upped their price objective on shares of Avery Dennison from $218.00 to $225.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Finally, Bank of America reissued a "buy" rating on shares of Avery Dennison in a research note on Friday, August 14th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Avery Dennison has a consensus rating of "Moderate Buy" and a consensus target price of $199.10.

Insiders Place Their Bets

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 transaction of $298,944.62. Following the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $663,262.48. Following the completion of the sale, the senior vice president directly owned 7,126 shares in the company, valued at approximately $1,216,265.68. The trade was a 35.29% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.81% of the company's stock.

Avery Dennison Company 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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