Canada Pension Plan Investment Board Takes $6.28 Million Position in Avery Dennison Corporation $AVY

Key Points

• Canada Pension Plan Investment Board initiated a $6.28 million position in Avery Dennison during the second quarter, purchasing 38,700 shares. Institutional investors collectively own 94.17% of the company.
• Avery Dennison reported quarterly EPS of $2.89, beating estimates of $2.47, while revenue rose 10.9% year over year to $2.46 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $201.22.
• The company declared a quarterly dividend of $1.00 per share, equivalent to $4.00 annually and a 2.3% yield. Shares opened at $177.71, and an insider recently sold 1,742 shares for approximately $299,000.

Canada Pension Plan Investment Board purchased a new stake in Avery Dennison Corporation (NYSE:AVY - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 38,700 shares of the industrial products company's stock, valued at approximately $6,283,000. Canada Pension Plan Investment Board owned approximately 0.05% of Avery Dennison as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AVY. Coldstream Capital Management Inc. boosted its position in Avery Dennison by 2.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 2,163 shares of the industrial products company's stock worth $393,000 after purchasing an additional 54 shares in the last quarter. Huntington National Bank increased its position in shares of Avery Dennison by 3.2% in the fourth quarter. Huntington National Bank now owns 1,832 shares of the industrial products company's stock valued at $333,000 after buying an additional 56 shares in the last quarter. Resources Management Corp CT ADV raised its stake in shares of Avery Dennison by 0.8% during the 2nd quarter. Resources Management Corp CT ADV now owns 7,800 shares of the industrial products company's stock worth $1,369,000 after buying an additional 62 shares during the period. Rothschild Investment LLC lifted its position in shares of Avery Dennison by 22.9% during the 4th quarter. Rothschild Investment LLC now owns 387 shares of the industrial products company's stock valued at $70,000 after buying an additional 72 shares in the last quarter. Finally, Root Financial Partners LLC lifted its position in shares of 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 buying an additional 73 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Wall Street Zen raised shares of Avery Dennison from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Bank of America reiterated a "buy" rating on shares of Avery Dennison in a research report on Friday, August 14th. Truist Financial reduced their price target on shares of Avery Dennison from $221.00 to $209.00 and set a "buy" rating for the company in a research report on Wednesday, July 15th. Weiss Ratings raised shares of Avery Dennison from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Finally, Citigroup lifted their price objective on Avery Dennison from $184.00 to $186.00 and gave the stock a "neutral" rating in a report on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $201.22.

Avery Dennison Trading Down 0.0%

Shares of AVY stock opened at $177.71 on Monday. Avery Dennison Corporation has a fifty-two week low of $152.42 and a fifty-two week high of $199.54. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.79 and a current ratio of 1.13. The stock's fifty day moving average is $168.88 and its two-hundred day moving average is $169.84. The firm has a market capitalization of $13.47 billion, a P/E ratio of 19.46, a PEG ratio of 2.27 and a beta of 0.81.

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 analysts' consensus estimates of $2.47 by $0.42. The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.30 billion. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. The company's revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.42 earnings per share. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. Research analysts expect that Avery Dennison Corporation will post 10.15 earnings per share 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. Shareholders of record on Wednesday, September 2nd will be issued a $1.00 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $4.00 dividend on an annualized basis and a yield of 2.3%. Avery Dennison's dividend payout ratio is presently 43.81%.

Insider Buying and Selling

In other Avery Dennison news, SVP Ignacio J. Walker sold 1,742 shares of the firm's stock in a transaction that occurred 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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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