California State Teachers Retirement System Raises Stock Holdings in Avery Dennison Corporation $AVY

Key Points

• California State Teachers Retirement System increased its Avery Dennison stake by 17,665% to 31.7 million shares, representing about 41.9% of the company and $5.15 billion in value. Institutional investors collectively own 94.17% of AVY.
• Avery Dennison exceeded quarterly expectations, reporting $2.89 in EPS on $2.46 billion in revenue, with revenue up 10.9% year over year. Analysts maintain a “Moderate Buy” consensus and an average price target of $201.22 versus the stock’s recent $169.92 price.
• The company declared a quarterly dividend of $1.00 per share, equivalent to $4.00 annually and a 2.4% yield. Shares recently traded within a 52-week range of $152.42 to $199.54.

California State Teachers Retirement System grew its position in Avery Dennison Corporation (NYSE:AVY - Free Report) by 17,665.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,738,613 shares of the industrial products company's stock after acquiring an additional 31,559,955 shares during the quarter. California State Teachers Retirement System owned about 41.88% of Avery Dennison worth $5,152,764,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AVY. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its holdings in shares of Avery Dennison by 184.0% in the fourth quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 14,200 shares of the industrial products company's stock valued at $2,583,000 after buying an additional 9,200 shares during the last quarter. Eurizon Capital SGR S.p.A. purchased a new position in shares of Avery Dennison during the fourth quarter worth about $4,319,000. Arbejdsmarkedets Tillaegspension acquired a new position in Avery Dennison in the 4th quarter valued at about $24,461,000. Kepler Cheuvreux Suisse SA acquired a new position in Avery Dennison in the 1st quarter valued at about $1,158,000. Finally, Ilmarinen Mutual Pension Insurance Co purchased a new stake in Avery Dennison during the 4th quarter valued at approximately $2,364,000. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Avery Dennison Price Performance

Shares of NYSE:AVY opened at $169.92 on Thursday. Avery Dennison Corporation has a 52 week low of $152.42 and a 52 week high of $199.54. The company has a 50-day moving average price of $170.67 and a 200 day moving average price of $168.66. The company has a market cap of $12.88 billion, a P/E ratio of 18.61, a PEG ratio of 2.06 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 (NYSE:AVY - Get Free Report) last released its earnings results on Thursday, July 30th. The industrial products company reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.42. The company had revenue of $2.46 billion for the quarter, compared to analysts' expectations of $2.30 billion. Avery Dennison had a return on equity of 34.60% and a net margin of 7.62%.The firm's quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.42 EPS. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. Research analysts predict that Avery Dennison Corporation will post 10.15 earnings per share for the current year.

Avery Dennison Dividend Announcement

The firm 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 annualized dividend and a yield of 2.4%. Avery Dennison's dividend payout ratio is presently 43.81%.

Analysts Set New Price Targets

A number of analysts have weighed in on AVY shares. Weiss Ratings raised Avery Dennison from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Argus set a $175.00 price target on Avery Dennison in a research note on Thursday, June 4th. Citigroup increased their price target on Avery Dennison from $184.00 to $186.00 and gave the stock a "neutral" rating in a report on Friday, July 31st. UBS Group lifted their price objective on shares of Avery Dennison from $218.00 to $225.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Avery Dennison from $185.00 to $190.00 and gave the company an "overweight" rating in a research note 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's stock. Based on data from MarketBeat, Avery Dennison currently has an average rating of "Moderate Buy" and an average target price of $201.22.

Insider Buying and Selling

In other Avery Dennison news, SVP Ignacio Walker sold 1,742 shares of the business's 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 sale, the senior vice president directly owned 7,585 shares in the company, valued at approximately $1,301,661.85. The trade was a 18.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.81% of the company's stock.

Avery Dennison Profile

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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