First Trust Advisors LP Boosts Stock Position in Avery Dennison Corporation $AVY

Key Points

• First Trust Advisors LP increased its stake in Avery Dennison by 5.9% in Q3, buying 17,515 shares to hold 315,171 shares worth about $51.1 million, and institutional investors now own roughly 94.17% of the company.
• Avery Dennison reported $2.45 EPS (beating the $2.40 consensus) with revenue of $2.27 billion (slightly below estimates) and issued Q1 2026 guidance of $2.40–$2.46 EPS, while showing a 33.84% ROE and 7.77% net margin.
• The company declared a quarterly dividend of $0.94 (annualized $3.76, ~2.2% yield) and has a consensus analyst rating of "Moderate Buy" with an average target price of $208.45 after several recent price-target increases.

First Trust Advisors LP increased its holdings in Avery Dennison Corporation (NYSE:AVY - Free Report) by 5.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 315,171 shares of the industrial products company's stock after purchasing an additional 17,515 shares during the quarter. First Trust Advisors LP owned approximately 0.41% of Avery Dennison worth $51,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of AVY. Vanguard Group Inc. increased its stake in shares of Avery Dennison by 3.6% during the third quarter. Vanguard Group Inc. now owns 10,379,137 shares of the industrial products company's stock valued at $1,683,185,000 after buying an additional 361,231 shares during the period. State Street Corp lifted its stake in Avery Dennison by 0.6% in the second quarter. State Street Corp now owns 3,646,614 shares of the industrial products company's stock worth $639,871,000 after acquiring an additional 23,309 shares during the period. Invesco Ltd. boosted its holdings in Avery Dennison by 2.6% in the second quarter. Invesco Ltd. now owns 1,582,590 shares of the industrial products company's stock valued at $277,697,000 after acquiring an additional 40,803 shares in the last quarter. Norges Bank bought a new stake in Avery Dennison in the second quarter valued at $174,425,000. Finally, Massachusetts Financial Services Co. MA increased its position in Avery Dennison by 2.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 967,013 shares of the industrial products company's stock valued at $156,820,000 after purchasing an additional 27,451 shares during the period. Hedge funds and other institutional investors own 94.17% of the company's stock.

Avery Dennison Stock Up 0.1%

AVY stock opened at $174.55 on Thursday. The company has a quick ratio of 0.76, a current ratio of 1.13 and a debt-to-equity ratio of 1.43. The business has a 50 day moving average of $188.30 and a 200 day moving average of $177.17. Avery Dennison Corporation has a twelve month low of $156.23 and a twelve month high of $199.54. The firm has a market cap of $13.42 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 3.11 and a beta of 0.97.

Avery Dennison (NYSE:AVY - Get Free Report) last released its earnings results on Wednesday, February 4th. The industrial products company reported $2.45 EPS for the quarter, topping analysts' consensus estimates of $2.40 by $0.05. The firm had revenue of $2.27 billion for the quarter, compared to analysts' expectations of $2.29 billion. Avery Dennison had a return on equity of 33.84% and a net margin of 7.77%.The company's quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.38 earnings per share. Avery Dennison has set its Q1 2026 guidance at 2.400-2.46 EPS. On average, research analysts forecast that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be issued a $0.94 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.2%. Avery Dennison's dividend payout ratio (DPR) is presently 42.82%.

Insider Activity

In related news, SVP Ignacio J. Walker sold 1,156 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $192.95, for a total transaction of $223,050.20. Following the sale, the senior vice president directly owned 7,588 shares of the company's stock, valued at $1,464,104.60. This trade represents a 13.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.84% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Truist Financial raised their target price on shares of Avery Dennison from $213.00 to $234.00 and gave the stock a "buy" rating in a research report on Tuesday, January 6th. BMO Capital Markets boosted their price target on shares of Avery Dennison from $215.00 to $224.00 and gave the company an "outperform" rating in a research report on Friday, February 6th. Citigroup increased their price target on shares of Avery Dennison from $188.00 to $201.00 and gave the stock a "neutral" rating in a research note on Friday, February 6th. UBS Group raised their price objective on shares of Avery Dennison from $218.00 to $226.00 and gave the stock a "buy" rating in a report on Thursday, February 5th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Avery Dennison in a research report on Monday, December 29th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $208.45.

Avery Dennison Company 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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