Jupiter Topco LLC Makes New $1.40 Million Investment in Avery Dennison Corporation $AVY

Jupiter Topco LLC acquired a new stake in Avery Dennison Corporation (NYSE:AVY - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 8,655 shares of the industrial products company's stock, valued at approximately $1,404,000.

A number of other hedge funds also recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Avery Dennison in the 2nd quarter valued at about $1,052,464,000. Norges Bank acquired a new stake in Avery Dennison during the fourth quarter worth approximately $188,438,000. The Manufacturers Life Insurance Company bought a new stake in shares of Avery Dennison during the second quarter worth approximately $118,728,000. Morgan Stanley grew its position in shares of Avery Dennison by 20.1% in the fourth quarter. Morgan Stanley now owns 3,869,889 shares of the industrial products company's stock valued at $703,856,000 after purchasing an additional 647,795 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Avery Dennison by 12.5% during the third quarter. Wellington Management Group LLP now owns 5,808,960 shares of the industrial products company's stock worth $942,039,000 after purchasing an additional 644,664 shares during the period. Institutional investors and hedge funds own 94.17% of the company's stock.

Avery Dennison Trading Up 1.3%

Shares of Avery Dennison stock opened at $175.27 on Friday. The company has a market capitalization of $13.28 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 2.09 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 Corporation has a 12-month low of $152.42 and a 12-month high of $199.54. The firm's 50-day moving average price is $170.12 and its two-hundred day moving average price is $169.32.

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 for the quarter, topping analysts' consensus estimates of $2.47 by $0.42. The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.30 billion. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. The firm's quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.42 EPS. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. On average, analysts forecast that Avery Dennison Corporation will post 10.15 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

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

Analyst Upgrades and Downgrades

AVY has been the subject of several recent research reports. Citigroup boosted their price target on Avery Dennison from $184.00 to $186.00 and gave the company a "neutral" rating in a research note on Friday, July 31st. Truist Financial dropped their target price on Avery Dennison from $221.00 to $209.00 and set a "buy" rating for the company in a report on Wednesday, July 15th. JPMorgan Chase & Co. boosted their target price on shares of Avery Dennison from $185.00 to $190.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Argus set a $175.00 price target on shares of Avery Dennison in a research note on Thursday, June 4th. Finally, Weiss Ratings upgraded shares of Avery Dennison from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $201.22.

Insider Activity

In other news, SVP Ignacio Walker sold 1,742 shares of the firm's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $171.61, for a total transaction of $298,944.62. Following the completion of the transaction, the senior vice president 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.81% of the company's stock.

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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