Great Lakes Advisors LLC Takes $15.10 Million Position in Avery Dennison Corporation $AVY

Key Points

• Great Lakes Advisors LLC acquired 93,023 Avery Dennison shares worth approximately $15.1 million, representing about 0.12% of the company; institutional investors collectively own 94.17% of the stock.
• Analysts maintain a “Moderate Buy” consensus on AVY, with seven Buy ratings, two Holds, and an average price target of $201.22 versus the reported share price of $177.60.
• Avery Dennison exceeded quarterly expectations with $2.89 in EPS and $2.46 billion in revenue, while announcing a quarterly dividend of $1.00 per share, equivalent to a 2.3% annualized yield.

Great Lakes Advisors LLC acquired a new position in Avery Dennison Corporation (NYSE:AVY - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 93,023 shares of the industrial products company's stock, valued at approximately $15,102,000. Great Lakes Advisors LLC owned about 0.12% of Avery Dennison as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. 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 during the period. Huntington National Bank raised 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 purchasing an additional 56 shares during the period. Resources Management Corp CT ADV lifted 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 valued at $1,369,000 after buying an additional 62 shares in the last quarter. Rothschild Investment LLC boosted its holdings in Avery Dennison by 22.9% in the 4th quarter. Rothschild Investment LLC now owns 387 shares of the industrial products company's stock worth $70,000 after buying an additional 72 shares during the period. Finally, Root Financial Partners LLC grew its stake in Avery Dennison by 60.8% in 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. 94.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AVY. JPMorgan Chase & Co. raised their price target on Avery Dennison from $185.00 to $190.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Truist Financial cut their target price 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. Raymond James Financial set a $192.00 price target on Avery Dennison in a research report on Tuesday, April 21st. Citigroup raised their price objective on shares of Avery Dennison from $184.00 to $186.00 and gave the company a "neutral" rating in a research report on Friday, July 31st. Finally, Wall Street Zen raised shares of Avery Dennison from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $201.22.

Avery Dennison Price Performance

Shares of NYSE AVY opened at $177.60 on Wednesday. The stock's 50-day simple moving average is $165.30 and its two-hundred day simple moving average is $170.26. Avery Dennison Corporation has a twelve month low of $152.42 and a twelve month high of $199.54. The firm has a market capitalization of $13.46 billion, a P/E ratio of 19.45, a P/E/G ratio of 2.93 and a beta of 0.81. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 1.37.

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

Avery Dennison Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, September 2nd. This represents a $4.00 annualized dividend and a yield of 2.3%. Avery Dennison's payout ratio is presently 43.81%.

Insider Buying and Selling

In other news, SVP Ignacio J. Walker sold 1,742 shares of the stock in a transaction 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 owned 7,585 shares of the company's stock, valued at $1,301,661.85. This represents a 18.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.81% of the stock is currently owned by corporate insiders.

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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