CPC Advisors LLC Takes Position in Avery Dennison Corporation $AVY

Key Points

• CPC Advisors LLC initiated a new position in Avery Dennison in Q4, purchasing 8,052 shares worth about $1.46 million, and institutional investors hold roughly 94.17% of the stock.
• Analysts' consensus is a Moderate Buy with an average target of $207.64, and several firms have recently raised targets (BMO $224, JPMorgan $205, Deutsche Bank $200) while Citigroup lowered its target to $190.
• Company insiders have been net sellers recently: a director sold 20,000 shares (~$3.48M) and insiders sold 34,156 shares (~$5.93M) last quarter, leaving insiders with approximately 0.81% ownership.

CPC Advisors LLC bought a new stake in Avery Dennison Corporation (NYSE:AVY - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,052 shares of the industrial products company's stock, valued at approximately $1,464,000.

Other large investors have also modified their holdings of the company. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Avery Dennison in the third quarter valued at about $29,000. Bartlett & CO. Wealth Management LLC grew its stake in Avery Dennison by 16,900.0% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 170 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 169 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in Avery Dennison during the 3rd quarter valued at approximately $36,000. CYBER HORNET ETFs LLC acquired a new stake in Avery Dennison during the 2nd quarter valued at approximately $37,000. Finally, True Wealth Design LLC grew its stake in Avery Dennison by 285.7% during the 4th quarter. True Wealth Design LLC now owns 216 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 160 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised their price objective on Avery Dennison from $195.00 to $205.00 and gave the company an "overweight" rating in a research note on Monday, February 9th. Raymond James Financial set a $192.00 price objective on Avery Dennison in a research note on Tuesday. Deutsche Bank Aktiengesellschaft assumed coverage on Avery Dennison in a research note on Wednesday, April 1st. They set a "buy" rating and a $200.00 price objective for the company. BMO Capital Markets raised their price objective on Avery Dennison from $215.00 to $224.00 and gave the company an "outperform" rating in a research note on Friday, February 6th. Finally, Citigroup lowered their price objective on Avery Dennison from $201.00 to $190.00 and set a "neutral" rating for the company in a research note on Tuesday, April 14th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $207.64.

Insider Activity at Avery Dennison

In other news, Director Mitchell R. Butier sold 20,000 shares of Avery Dennison stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $173.88, for a total value of $3,477,600.00. Following the completion of the transaction, the director owned 211,147 shares in the company, valued at approximately $36,714,240.36. This trade represents a 8.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ignacio J. Walker sold 1,156 shares of Avery Dennison stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $192.95, for a total value of $223,050.20. Following the completion of the transaction, the senior vice president owned 7,588 shares of the company's stock, valued at approximately $1,464,104.60. The trade was a 13.22% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 34,156 shares of company stock valued at $5,930,150. Insiders own 0.81% of the company's stock.

Avery Dennison Price Performance

Shares of AVY opened at $169.75 on Wednesday. The firm has a market cap of $13.06 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 2.84 and a beta of 1.00. The stock has a 50 day moving average of $178.35 and a 200-day moving average of $177.94. The company has a current ratio of 1.13, a quick ratio of 0.76 and a debt-to-equity ratio of 1.43. Avery Dennison Corporation has a 52 week low of $156.23 and a 52 week high of $199.54.

Avery Dennison (NYSE:AVY - Get Free Report) last issued its earnings results on Wednesday, February 4th. The industrial products company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.40 by $0.05. The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.29 billion. Avery Dennison had a return on equity of 33.84% and a net margin of 7.77%.The business's revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.38 EPS. Avery Dennison has set its Q1 2026 guidance at 2.400-2.46 EPS. As a group, analysts forecast that Avery Dennison Corporation will post 10.1 EPS for the current year.

Avery Dennison Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th were given a $0.94 dividend. The ex-dividend date was Wednesday, March 4th. This represents a $3.76 annualized dividend and a dividend yield of 2.2%. Avery Dennison's dividend payout ratio (DPR) is presently 42.82%.

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.

Want to see what other hedge funds are holding AVY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Avery Dennison Corporation (NYSE:AVY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.