Fiduciary Management Inc. WI Has $254.78 Million Stake in Avery Dennison Corporation $AVY

Fiduciary Management Inc. WI lessened its position in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,400,814 shares of the industrial products company's stock after selling 104,885 shares during the period. Avery Dennison makes up approximately 2.8% of Fiduciary Management Inc. WI's investment portfolio, making the stock its 5th largest position. Fiduciary Management Inc. WI owned about 1.81% of Avery Dennison worth $254,780,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Avery Dennison by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 10,448,799 shares of the industrial products company's stock valued at $1,900,428,000 after buying an additional 69,662 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Avery Dennison by 12.5% in the third quarter. Wellington Management Group LLP now owns 5,808,960 shares of the industrial products company's stock valued at $942,039,000 after buying an additional 644,664 shares in the last quarter. State Street Corp raised its position in shares of Avery Dennison by 0.6% in the third quarter. State Street Corp now owns 3,667,474 shares of the industrial products company's stock valued at $594,754,000 after buying an additional 20,860 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Avery Dennison by 30.9% in the third quarter. Ameriprise Financial Inc. now owns 1,841,191 shares of the industrial products company's stock valued at $298,613,000 after buying an additional 435,156 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Avery Dennison by 4.9% in the third quarter. Invesco Ltd. now owns 1,659,862 shares of the industrial products company's stock valued at $269,180,000 after buying an additional 77,272 shares in the last quarter. Institutional investors own 94.17% of the company's stock.

Avery Dennison Stock Up 1.4%

Shares of NYSE:AVY opened at $155.34 on Friday. The company has a fifty day moving average of $164.45 and a 200-day moving average of $175.86. The company has a market capitalization of $11.88 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 2.67 and a beta of 0.82. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.80 and a current ratio of 1.15. Avery Dennison Corporation has a 52-week low of $152.55 and a 52-week high of $199.54.

Avery Dennison (NYSE:AVY - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.06. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The company had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same quarter in the previous year, the firm posted $2.30 earnings per share. Avery Dennison's revenue for the quarter was up 7.0% on a year-over-year basis. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. On average, equities analysts predict that Avery Dennison Corporation will post 10.05 EPS for the current fiscal year.

Avery Dennison Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be paid a $1.00 dividend. This is a positive change from Avery Dennison's previous quarterly dividend of $0.94. This represents a $4.00 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, June 3rd. Avery Dennison's payout ratio is presently 45.10%.

Insider Buying and Selling at Avery Dennison

In related news, Director Mitchell R. Butier sold 13,000 shares of the business's stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $171.50, for a total value of $2,229,500.00. Following the sale, the director owned 198,147 shares of the company's stock, valued at $33,982,210.50. The trade was a 6.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.81% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on AVY. Deutsche Bank Aktiengesellschaft began coverage on shares of Avery Dennison in a research report on Wednesday, April 1st. They set a "buy" rating and a $200.00 price objective for the company. Argus set a $175.00 price objective on shares of Avery Dennison in a research report on Thursday. Raymond James Financial set a $192.00 price objective on shares of Avery Dennison in a research report on Tuesday, April 21st. Truist Financial restated a "buy" rating and set a $221.00 price objective (down from $223.00) on shares of Avery Dennison in a research report on Wednesday, April 29th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Avery Dennison in a research report on Friday, March 27th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $201.33.

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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