Barbara Oil Co. Buys New Stake in Avery Dennison Corporation $AVY

Key Points

• Barbara Oil Co. acquired 15,500 shares of Avery Dennison during the second quarter, valued at approximately $2.5 million. Institutional investors collectively own 94.17% of the company.
• Avery Dennison reported stronger-than-expected quarterly results, with EPS of $2.89 versus the $2.47 consensus and revenue of $2.46 billion, up 10.9% year over year.
• The company declared a quarterly dividend of $1.00 per share, equivalent to an annualized $4.00 payout and a 2.2% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $201.22.

Barbara Oil Co. bought a new position in Avery Dennison Corporation (NYSE:AVY - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 15,500 shares of the industrial products company's stock, valued at approximately $2,516,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Trust Co. of Vermont purchased a new stake in Avery Dennison in the 2nd quarter worth about $27,000. Root Financial Partners LLC raised its position 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 valued at $35,000 after purchasing an additional 73 shares in the last quarter. Elevation Wealth Partners LLC raised its holdings in shares of Avery Dennison by 684.0% in the second quarter. Elevation Wealth Partners LLC now owns 196 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 171 shares in the last quarter. Godfrey Financial Associates Inc. bought a new stake in shares of Avery Dennison in the 4th quarter valued at about $37,000. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of Avery Dennison in the 2nd quarter valued at about $37,000. Hedge funds and other institutional investors own 94.17% of the company's stock.

Insiders Place Their Bets

In related news, SVP Ignacio J. Walker sold 1,742 shares of the business's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $171.61, for a total transaction of $298,944.62. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.81% of the stock is currently owned by company insiders.

Avery Dennison Stock Up 0.0%

Shares of Avery Dennison stock opened at $183.79 on Monday. 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 company has a market cap of $13.93 billion, a P/E ratio of 20.13, a PEG ratio of 3.01 and a beta of 0.81. The firm's 50 day moving average price is $166.80 and its 200-day moving average price is $170.20. 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 announced its earnings results on Thursday, July 30th. The industrial products company reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.42. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same period last year, the firm earned $2.42 earnings per share. Avery Dennison's revenue was up 10.9% compared to the same quarter last year. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. On average, sell-side analysts predict that Avery Dennison Corporation will post 10.15 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be given a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.2%. Avery Dennison's dividend payout ratio (DPR) is presently 43.81%.

Wall Street Analysts Forecast Growth

AVY has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Avery Dennison from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. JPMorgan Chase & Co. boosted their price objective on shares of Avery Dennison from $185.00 to $190.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Argus set a $175.00 target price on Avery Dennison in a research report on Thursday, June 4th. Bank of America reiterated a "buy" rating on shares of Avery Dennison in a report on Friday, August 14th. Finally, Citigroup boosted their price target on Avery Dennison from $184.00 to $186.00 and gave the stock a "neutral" rating in a research report on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $201.22.

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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