Avery Dennison Corporation $AVY Stock Position Reduced by Axxcess Wealth Management LLC

Key Points

• Axxcess Wealth Management reduced its Avery Dennison position by 73.6% in the third quarter, selling 6,288 shares and retaining 2,254 shares valued at approximately $385,000.
• Analysts remain broadly positive, with seven Buy ratings and three Holds; the stock has a consensus rating of “Moderate Buy” and an average price target of $199.10.
• 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 also announced a $1.00 quarterly dividend, representing a 2.2% yield.

Axxcess Wealth Management LLC lowered its holdings in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 73.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,254 shares of the industrial products company's stock after selling 6,288 shares during the period. Axxcess Wealth Management LLC's holdings in Avery Dennison were worth $385,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in AVY. Activest Wealth Management bought a new position in Avery Dennison in the 3rd quarter valued at about $27,000. Trust Co. of Vermont acquired a new position in Avery Dennison during the 2nd quarter valued at about $27,000. Elevation Wealth Partners LLC raised its position in shares of Avery Dennison by 684.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 196 shares of the industrial products company's stock worth $32,000 after buying an additional 171 shares in the last quarter. Louisbourg Investments Inc. bought a new stake in shares of Avery Dennison during the 3rd quarter worth about $39,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Avery Dennison in the 2nd quarter worth approximately $40,000. Institutional investors and hedge funds own 94.17% of the company's stock.

Insider Buying and Selling at Avery Dennison

In related news, SVP Ignacio J. Walker sold 1,742 shares of Avery Dennison stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $171.61, for a total value of $298,944.62. Following the transaction, the senior vice president owned 7,585 shares of the company's stock, valued at approximately $1,301,661.85. This trade represents a 18.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Nicholas Colisto sold 3,886 shares of the business's stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $170.68, for a total value of $663,262.48. Following the sale, the senior vice president owned 7,126 shares in the company, valued at approximately $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. Corporate insiders own 0.81% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on AVY shares. JPMorgan Chase & Co. increased their price objective on shares of Avery Dennison from $185.00 to $190.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Truist Financial lowered their price objective on shares of Avery Dennison from $209.00 to $208.00 and set a "buy" rating on the stock in a research note on Monday, October 12th. Weiss Ratings raised Avery Dennison from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. Bank of America restated a "buy" rating on shares of Avery Dennison in a research report on Friday, August 14th. Finally, UBS Group increased their price target on Avery Dennison from $218.00 to $225.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $199.10.

Avery Dennison Price Performance

NYSE AVY opened at $183.58 on Tuesday. The stock has a market capitalization of $13.91 billion, a P/E ratio of 17.86, a P/E/G ratio of 2.19 and a beta of 0.79. Avery Dennison Corporation has a 1 year low of $152.42 and a 1 year high of $199.54. The business's fifty day moving average is $174.01 and its two-hundred day moving average is $172.36. 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 EPS for the quarter, beating analysts' consensus estimates of $2.47 by $0.42. The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.30 billion. Avery Dennison had a return on equity of 34.60% and a net margin of 7.62%. The company's quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.42 EPS. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. On average, research analysts forecast 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 of this dividend is Wednesday, December 2nd. Avery Dennison's dividend payout ratio is currently 43.81%.

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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