Diversify Advisory Services LLC Makes New Investment in Avery Dennison Corporation $AVY

Key Points

• Diversify Advisory Services LLC acquired 8,202 shares of Avery Dennison in the second quarter, valued at approximately $1.34 million. Institutional investors and hedge funds collectively own 94.17% of the company.
• Analyst sentiment is broadly positive: seven analysts rate AVY a Buy and two rate it a Hold, producing a consensus “Moderate Buy” rating and an average price target of $201.22.
• Avery Dennison exceeded quarterly expectations, reporting $2.89 in EPS and $2.46 billion in revenue, while revenue increased 10.9% year over year. The company also declared a quarterly dividend of $1.00 per share, representing a 2.2% yield.

Diversify Advisory Services LLC acquired a new stake in Avery Dennison Corporation (NYSE:AVY - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,202 shares of the industrial products company's stock, valued at approximately $1,337,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AVY. CPC Advisors LLC acquired a new stake in Avery Dennison in the fourth quarter valued at $1,464,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Avery Dennison by 8.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 169,137 shares of the industrial products company's stock worth $30,857,000 after purchasing an additional 13,494 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Avery Dennison by 59.1% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 67,193 shares of the industrial products company's stock worth $12,221,000 after purchasing an additional 24,953 shares during the period. Wolverine Asset Management LLC purchased a new position in shares of Avery Dennison in the 4th quarter valued at about $2,546,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its stake 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 purchasing an additional 9,200 shares during the period. Institutional investors and hedge funds own 94.17% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on AVY shares. Wall Street Zen raised Avery Dennison from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. UBS Group upped their target price on Avery Dennison from $218.00 to $225.00 and gave the company a "buy" rating in a report on Friday, July 31st. Citigroup raised their price target on Avery Dennison from $184.00 to $186.00 and gave the company a "neutral" rating in a research report on Friday, July 31st. Truist Financial cut their price target on Avery Dennison from $221.00 to $209.00 and set a "buy" rating for the company in a research note on Wednesday, July 15th. Finally, Weiss Ratings upgraded shares of Avery Dennison from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Seven 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of $201.22.

Insider Activity

In related news, SVP Ignacio J. Walker sold 1,742 shares of the company's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $171.61, for a total value of $298,944.62. Following the completion of the transaction, the senior vice president directly owned 7,585 shares in the company, valued at approximately $1,301,661.85. This represents a 18.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.81% of the company's stock.

Avery Dennison Stock Performance

Avery Dennison stock opened at $183.22 on Thursday. 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 has a fifty day moving average of $165.84 and a two-hundred day moving average of $170.24. The company has a market capitalization of $13.89 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 2.91 and a beta of 0.81. Avery Dennison Corporation has a fifty-two week low of $152.42 and a fifty-two week high of $199.54.

Avery Dennison (NYSE:AVY - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.42. The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.30 billion. Avery Dennison had a return on equity of 34.60% and a net margin of 7.62%.The business's revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.42 earnings per share. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. On average, analysts anticipate that Avery Dennison Corporation will post 10.15 EPS for the current fiscal year.

Avery Dennison Announces Dividend

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 paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $4.00 annualized dividend and a dividend yield of 2.2%. Avery Dennison's dividend payout ratio is presently 43.81%.

About Avery Dennison

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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