Baird Financial Group Inc. Sells 73,115 Shares of Avery Dennison Corporation $AVY

Key Points

• Baird Financial Group cut its Avery Dennison stake by 40.5% in the second quarter, selling 73,115 shares and retaining 107,293 shares valued at approximately $17.4 million. Institutional investors collectively own 94.17% of the company.
• Avery Dennison reported quarterly EPS of $2.89, exceeding the $2.47 consensus estimate, while revenue rose 10.9% year over year to $2.46 billion. The company issued third-quarter 2026 EPS guidance of $10.00–$10.30.
• The company declared a quarterly dividend of $1.00 per share, equivalent to $4.00 annually and a 2.4% yield. Analysts maintain a “Moderate Buy” consensus, with an average price target of $201.22 versus the stock’s recent price near $169.49.

Baird Financial Group Inc. lessened its stake in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 40.5% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 107,293 shares of the industrial products company's stock after selling 73,115 shares during the quarter. Baird Financial Group Inc. owned about 0.14% of Avery Dennison worth $17,419,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Trust Co. of Vermont bought a new stake in shares of Avery Dennison during the second quarter worth approximately $27,000. Elevation Wealth Partners LLC increased its stake in shares of Avery Dennison by 684.0% during the second quarter. Elevation Wealth Partners LLC now owns 196 shares of the industrial products company's stock worth $32,000 after purchasing an additional 171 shares during the period. Root Financial Partners LLC lifted its holdings in Avery Dennison by 60.8% during the 4th quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company's stock worth $35,000 after purchasing an additional 73 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in Avery Dennison in the 3rd quarter valued at $36,000. Finally, Godfrey Financial Associates Inc. bought a new stake in Avery Dennison in the 4th quarter valued at $37,000. Institutional investors own 94.17% of the company's stock.

Avery Dennison Trading Up 0.4%

AVY opened at $169.49 on Friday. Avery Dennison Corporation has a twelve month low of $152.42 and a twelve month high of $199.54. The company has a 50-day simple moving average of $170.76 and a 200 day simple moving average of $168.47. 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 $12.85 billion, a price-to-earnings ratio of 18.56, a P/E/G ratio of 2.04 and a beta of 0.81.

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 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 net margin of 7.62% and a return on equity of 34.60%. The business's revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.42 earnings per share. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. Analysts predict that Avery Dennison Corporation will post 10.15 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

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 dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.4%. The ex-dividend date is Wednesday, September 2nd. Avery Dennison's payout ratio is currently 43.81%.

Insiders Place Their Bets

In other Avery Dennison news, SVP Ignacio Walker sold 1,742 shares of the firm's stock in a transaction 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 sale, 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 the SEC website. 0.81% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have weighed in on AVY shares. JPMorgan Chase & Co. increased their price objective on Avery Dennison from $185.00 to $190.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. UBS Group raised their price target on shares of Avery Dennison from $218.00 to $225.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. 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. Argus set a $175.00 target price on shares of Avery Dennison in a research report on Thursday, June 4th. Finally, Wall Street Zen raised shares of Avery Dennison from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $201.22.

About Avery Dennison

Avery Dennison Corporation NYSE: AVY is a global materials science and manufacturing company that develops labeling, packaging, graphics, and functional material solutions. Its products are used by businesses in industries including retail, apparel, food and beverage, logistics, healthcare, automotive, and industrial manufacturing.

The company's offerings include pressure-sensitive label and packaging materials, graphic films, reflective materials, specialty tapes, performance polymers, and other adhesive products.

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