J. Goldman & Co LP Takes $21.48 Million Position in Avery Dennison Corporation $AVY

Key Points

• J. Goldman & Co. LP acquired 132,276 Avery Dennison shares valued at approximately $21.48 million, representing about 0.17% of the company. Institutional investors collectively own 94.17% of AVY.
• Analysts maintain a positive outlook, with seven Buy ratings and two Holds contributing to a “Moderate Buy” consensus 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 grew 10.9% year over year. The company also declared a quarterly dividend of $1.00 per share, implying a 2.2% annual yield.

J. Goldman & Co LP acquired a new stake in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 132,276 shares of the industrial products company's stock, valued at approximately $21,475,000. J. Goldman & Co LP owned approximately 0.17% of Avery Dennison as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Avery Dennison by 0.7% during 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 purchasing an additional 69,662 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Avery Dennison in the second quarter valued at approximately $1,052,464,000. Wellington Management Group LLP raised its holdings in Avery Dennison by 12.5% in the 3rd 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 during the last quarter. Morgan Stanley raised its holdings in Avery Dennison by 20.1% in the 4th quarter. Morgan Stanley now owns 3,869,889 shares of the industrial products company's stock valued at $703,856,000 after buying an additional 647,795 shares during the last quarter. Finally, State Street Corp boosted its position in Avery Dennison by 0.9% during the 4th quarter. State Street Corp now owns 3,701,598 shares of the industrial products company's stock worth $673,247,000 after buying an additional 34,124 shares during the period. Institutional investors own 94.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on AVY shares. Citigroup upped their price target 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. JPMorgan Chase & Co. lifted their price target on shares of Avery Dennison from $185.00 to $190.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Argus set a $175.00 price objective on shares of Avery Dennison in a research note on Thursday, June 4th. UBS Group increased their price objective on Avery Dennison from $218.00 to $225.00 and gave the company a "buy" rating in a report on Friday, July 31st. Finally, Bank of America reaffirmed a "buy" rating on shares of Avery Dennison in a research report on Friday, August 14th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Avery Dennison presently has a consensus rating of "Moderate Buy" and an average target price of $201.22.

Avery Dennison Stock Performance

NYSE:AVY opened at $180.12 on Wednesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.79 and a current ratio of 1.13. Avery Dennison Corporation has a fifty-two week low of $152.42 and a fifty-two week high of $199.54. The company has a 50 day simple moving average of $167.64 and a two-hundred day simple moving average of $170.09. The company has a market capitalization of $13.65 billion, a PE ratio of 19.73, a P/E/G ratio of 2.34 and a beta of 0.81.

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, topping analysts' consensus estimates of $2.47 by $0.42. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the previous year, the company earned $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. Research analysts anticipate that Avery Dennison Corporation will post 10.15 earnings per share for the current year.

Avery Dennison Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Wednesday, September 2nd. Avery Dennison's dividend payout ratio (DPR) is presently 43.81%.

Insider Buying and Selling at Avery Dennison

In other news, SVP Ignacio J. Walker sold 1,742 shares of Avery Dennison stock in a transaction dated 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 of the company's stock, valued at approximately $1,301,661.85. This trade represents a 18.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.81% of the company's stock.

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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