Avery Dennison Corporation $AVY Stock Bought by Crossmark Global Holdings Inc.

Key Points

• Crossmark Global Holdings increased its Avery Dennison stake by 354% in the third quarter, owning 14,868 shares valued at approximately $2.54 million. Institutional investors collectively hold 94.17% of the company.
• Avery Dennison reported quarterly earnings of $2.89 per share, beating estimates of $2.47, while revenue rose 10.9% year over year to $2.46 billion.
• The company declared a quarterly dividend of $1.00 per share, equal to a 2.2% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $199.10.

Crossmark Global Holdings Inc. boosted its holdings in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 354.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,868 shares of the industrial products company's stock after purchasing an additional 11,593 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Avery Dennison were worth $2,538,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Axecap Investments LLC acquired a new position in shares of Avery Dennison during the 3rd quarter worth approximately $151,000. Quadrant Capital Group LLC purchased a new stake in Avery Dennison in the 3rd quarter worth $411,000. Physician Wealth Advisors Inc. increased its holdings in Avery Dennison by 3,000.0% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 279 shares of the industrial products company's stock worth $48,000 after acquiring an additional 270 shares in the last quarter. Pinnacle Associates Ltd. raised its position in Avery Dennison by 9.0% during the third quarter. Pinnacle Associates Ltd. now owns 8,968 shares of the industrial products company's stock worth $1,612,000 after acquiring an additional 740 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in Avery Dennison by 220.8% during the third quarter. Nisa Investment Advisors LLC now owns 56,080 shares of the industrial products company's stock worth $9,571,000 after acquiring an additional 38,598 shares during the period. Hedge funds and other institutional investors own 94.17% of the company's stock.

Insider Buying and Selling

In other news, SVP Ignacio Walker sold 1,742 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $171.61, for a total value of $298,944.62. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Nicholas Colisto sold 3,886 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $170.68, for a total value 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 approximately $1,216,265.68. This represents a 35.29% decrease in their position. The SEC filing for this sale provides additional information. 0.81% of the stock is owned by corporate insiders.

Avery Dennison Price Performance

Shares of NYSE AVY opened at $181.99 on Friday. The firm has a 50-day simple moving average of $173.94 and a 200-day simple moving average of $167.47. 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 stock has a market capitalization of $13.79 billion, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 2.19 and a beta of 0.79. Avery Dennison Corporation has a 52 week low of $152.42 and a 52 week high of $199.54.

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 for the quarter, topping analysts' consensus estimates of $2.47 by $0.42. The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates 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 period in the previous year, the business posted $2.42 earnings per share. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. On average, equities analysts predict that Avery Dennison Corporation will post 10.14 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Wednesday, December 2nd will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Wednesday, December 2nd. Avery Dennison's payout ratio is currently 43.81%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on AVY shares. Wall Street Zen raised shares of Avery Dennison from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. 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 note on Friday, July 31st. Jefferies Financial Group restated a "hold" rating and set a $181.00 price target on shares of Avery Dennison in a research report on Monday, September 28th. JPMorgan Chase & Co. raised their price target on shares of Avery Dennison from $185.00 to $190.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. Finally, Citigroup raised their price target on shares of Avery Dennison from $184.00 to $186.00 and gave the company a "neutral" rating in a research note on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $199.10.

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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