Callan Family Office LLC bought a new stake in Avery Dennison Corporation (NYSE:AVY - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,462 shares of the industrial products company's stock, valued at approximately $2,023,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Trust Co. of Vermont acquired a new position in shares of Avery Dennison in the second quarter valued at approximately $27,000. Elevation Wealth Partners LLC increased its position in 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 during the period. Root Financial Partners LLC raised its stake in shares of Avery Dennison by 60.8% during the fourth quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 73 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in shares of Avery Dennison during the third quarter worth $36,000. Finally, Godfrey Financial Associates Inc. bought a new stake in shares of Avery Dennison in the fourth quarter worth $37,000. 94.17% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other Avery Dennison 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 value of $298,944.62. Following the completion of the sale, the senior vice president directly owned 7,585 shares of the company's stock, valued at approximately $1,301,661.85. The trade was a 18.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.81% of the company's stock.
Wall Street Analyst Weigh In
AVY has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their price target on Avery Dennison from $185.00 to $190.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Citigroup upped their target price on Avery Dennison from $184.00 to $186.00 and gave the company a "neutral" rating in a report on Friday, July 31st. UBS Group increased their target price 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. Bank of America restated a "buy" rating on shares of Avery Dennison in a research report on Friday, August 14th. Finally, Wall Street Zen upgraded shares of Avery Dennison from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $201.22.
Check Out Our Latest Stock Report on Avery Dennison
Avery Dennison Price Performance
Shares of AVY opened at $183.79 on Friday. The firm has a market cap of $13.93 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 3.01 and a beta of 0.81. Avery Dennison Corporation has a 52-week low of $152.42 and a 52-week high of $199.54. The business's 50 day moving average price is $166.80 and its two-hundred day moving average price is $170.32. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.79 and a current ratio of 1.13.
Avery Dennison (NYSE:AVY - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.89 EPS for the quarter, topping the consensus estimate of $2.47 by $0.42. The company had revenue of $2.46 billion during 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 company's quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.42 EPS. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. On average, equities analysts anticipate that Avery Dennison Corporation will post 10.15 EPS for the current year.
Avery Dennison Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Wednesday, September 2nd. Avery Dennison's dividend payout ratio (DPR) is presently 43.81%.
Avery Dennison Profile
(
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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