AXQ Capital LP Purchases New Holdings in Avery Dennison Corporation $AVY

Key Points

• AXQ Capital LP acquired 6,488 shares of Avery Dennison worth approximately $1.05 million during the second quarter. Institutional investors collectively own 94.17% of the company.
• Analysts maintain a generally positive outlook, with seven Buy ratings and two Holds, producing a “Moderate Buy” consensus and an average price target of $201.22.
• Avery Dennison exceeded quarterly expectations with $2.89 in EPS and $2.46 billion in revenue, while revenue grew 10.9% year over year. The company also declared a quarterly dividend of $1.00 per share, equivalent to a 2.3% annual yield.

AXQ Capital LP acquired a new position in Avery Dennison Corporation (NYSE:AVY - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,488 shares of the industrial products company's stock, valued at approximately $1,053,000.

Several other institutional investors have also added to or reduced their stakes in AVY. Trust Co. of Vermont purchased a new position in Avery Dennison in the 2nd quarter worth about $27,000. Elevation Wealth Partners LLC raised its position in Avery Dennison by 684.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 196 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 171 shares in the last quarter. Root Financial Partners LLC lifted its holdings in shares of Avery Dennison by 60.8% in the 4th quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company's stock worth $35,000 after buying an additional 73 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in shares of Avery Dennison in the 3rd quarter worth $36,000. Finally, Godfrey Financial Associates Inc. bought a new stake in shares of Avery Dennison in the fourth quarter valued at about $37,000. Institutional investors own 94.17% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AVY shares. Bank of America reissued a "buy" rating on shares of Avery Dennison in a report on Friday, August 14th. Argus set a $175.00 target price on shares of Avery Dennison in a report on Thursday, June 4th. Citigroup increased their price target on shares of Avery Dennison from $184.00 to $186.00 and gave the company a "neutral" rating in a research report on Friday, July 31st. Truist Financial decreased their price target on Avery Dennison from $221.00 to $209.00 and set a "buy" rating for the company in a research note on Wednesday, July 15th. Finally, Weiss Ratings upgraded shares of Avery Dennison from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $201.22.

Insider Activity at Avery Dennison

In other news, SVP Ignacio Walker sold 1,742 shares of the business'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. The trade was a 18.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.81% of the stock is owned by company insiders.

Avery Dennison Stock Up 1.3%

NYSE:AVY opened at $175.27 on Friday. The company's fifty day moving average price is $170.12 and its 200-day moving average price is $169.32. The firm has a market capitalization of $13.28 billion, a P/E ratio of 19.20, a PEG ratio of 2.12 and a beta of 0.81. Avery Dennison Corporation has a 1-year low of $152.42 and a 1-year high of $199.54. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 0.79.

Avery Dennison (NYSE:AVY - Get Free Report) last issued its earnings results on Thursday, July 30th. The industrial products company reported $2.89 EPS 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 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 revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.42 earnings per share. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. As a group, equities research analysts anticipate that Avery Dennison Corporation will post 10.15 EPS for the current year.

Avery Dennison Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be given a $1.00 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.3%. Avery Dennison's dividend payout ratio is 43.81%.

About Avery Dennison

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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