BlackRock Inc. acquired a new stake in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,482,687 shares of the industrial products company's stock, valued at approximately $1,052,464,000. BlackRock Inc. owned approximately 8.55% of Avery Dennison as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of AVY. Trust Co. of Vermont bought a new stake in shares of Avery Dennison during the 2nd quarter worth about $27,000. Elevation Wealth Partners LLC raised its stake in shares of Avery Dennison by 684.0% in the 2nd 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. Root Financial Partners LLC lifted its holdings in 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 purchasing an additional 73 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in Avery Dennison during the third quarter worth approximately $36,000. Finally, Godfrey Financial Associates Inc. bought a new stake in Avery Dennison during the fourth quarter worth approximately $37,000. Institutional investors own 94.17% of the company's stock.
Avery Dennison Stock Performance
Avery Dennison stock opened at $183.79 on Friday. The stock has a 50-day simple moving average of $166.80 and a 200 day simple moving average of $170.32. The stock has a market capitalization of $13.93 billion, a price-to-earnings ratio of 20.13, a P/E/G ratio of 2.99 and a beta of 0.81. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 1.37. Avery Dennison Corporation has a 12-month low of $152.42 and a 12-month 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, topping analysts' consensus estimates 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 in the previous year, the firm posted $2.42 earnings per share. The company's revenue was up 10.9% on a year-over-year basis. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. On average, research analysts anticipate that Avery Dennison Corporation will post 10.15 earnings per share 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. Investors of record on Wednesday, September 2nd will be issued a dividend of $1.00 per share. The ex-dividend date is Wednesday, September 2nd. This represents a $4.00 dividend on an annualized basis and a yield of 2.2%. Avery Dennison's payout ratio is currently 43.81%.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on AVY shares. Truist Financial lowered their target price on shares of Avery Dennison from $221.00 to $209.00 and set a "buy" rating on the stock in a research note on Wednesday, July 15th. Citigroup upped their price target on shares of Avery Dennison from $184.00 to $186.00 and gave the company a "neutral" rating in a report on Friday, July 31st. UBS Group lifted their price objective on Avery Dennison from $218.00 to $225.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Argus set a $175.00 price objective on Avery Dennison in a research report on Thursday, June 4th. Finally, Weiss Ratings upgraded Avery Dennison from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $201.22.
Get Our Latest Stock Report on AVY
Insider Buying and Selling
In other news, SVP Ignacio J. Walker sold 1,742 shares of Avery Dennison stock in a transaction on Tuesday, August 4th. The shares were 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 of the company's stock, valued at $1,301,661.85. This trade represents a 18.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.81% of the company's stock.
About Avery Dennison
(
Free Report)
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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