Intech Investment Management LLC Sells 7,095 Shares of Avery Dennison Corporation $AVY

Key Points

• Intech Investment Management cut its Avery Dennison stake by 64.2%, selling 7,095 shares and leaving 3,963 shares worth about $643,000, while institutional investors still own roughly 94.17% of the stock and an SVP sold 1,156 shares.
• Several analysts raised price targets and ratings — Avery Dennison has a consensus of “Moderate Buy” with an average target of $208.45 — and the company recently beat EPS (reported $2.45 vs. $2.40 expected), set Q1 guidance of $2.40–2.46, and announced a quarterly dividend of $0.94 (2.2% yield).

Intech Investment Management LLC reduced its position in Avery Dennison Corporation (NYSE:AVY - Free Report) by 64.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,963 shares of the industrial products company's stock after selling 7,095 shares during the quarter. Intech Investment Management LLC's holdings in Avery Dennison were worth $643,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Empowered Funds LLC increased its stake in Avery Dennison by 6.4% in the first quarter. Empowered Funds LLC now owns 13,534 shares of the industrial products company's stock valued at $2,409,000 after purchasing an additional 819 shares in the last quarter. Focus Partners Wealth grew its stake in shares of Avery Dennison by 7.6% in the 1st quarter. Focus Partners Wealth now owns 3,918 shares of the industrial products company's stock valued at $697,000 after buying an additional 278 shares during the period. Atlantic Union Bankshares Corp bought a new stake in Avery Dennison in the 2nd quarter valued at about $35,000. Savant Capital LLC raised its stake in Avery Dennison by 68.2% during the 2nd quarter. Savant Capital LLC now owns 6,420 shares of the industrial products company's stock worth $1,126,000 after buying an additional 2,604 shares during the period. Finally, AGF Management Ltd. bought a new position in Avery Dennison in the second quarter worth approximately $2,991,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on AVY shares. Citigroup increased their target price on Avery Dennison from $188.00 to $201.00 and gave the stock a "neutral" rating in a report on Friday, February 6th. JPMorgan Chase & Co. boosted their price target on shares of Avery Dennison from $195.00 to $205.00 and gave the company an "overweight" rating in a research note on Monday, February 9th. BMO Capital Markets raised their price objective on shares of Avery Dennison from $215.00 to $224.00 and gave the company an "outperform" rating in a research note on Friday, February 6th. Weiss Ratings reiterated a "hold (c)" rating on shares of Avery Dennison in a report on Monday, December 29th. Finally, Truist Financial boosted 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. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Avery Dennison presently has a consensus rating of "Moderate Buy" and an average target price of $208.45.

Insider Buying and Selling at Avery Dennison

In other Avery Dennison news, SVP Ignacio J. Walker sold 1,156 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the senior vice president owned 7,588 shares of the company's stock, valued at $1,464,104.60. This represents a 13.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.84% of the company's stock.

Avery Dennison Stock Performance

NYSE AVY opened at $174.62 on Wednesday. The company's 50 day moving average is $188.45 and its 200-day moving average is $177.19. The firm has a market cap of $13.43 billion, a P/E ratio of 19.89, a price-to-earnings-growth ratio of 3.15 and a beta of 0.97. Avery Dennison Corporation has a 12-month low of $156.23 and a 12-month high of $199.54. The company has a quick ratio of 0.76, a current ratio of 1.13 and a debt-to-equity ratio of 1.43.

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

Avery Dennison Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, March 4th. Avery Dennison's dividend payout ratio is 42.82%.

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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