Krilogy Financial LLC Purchases New Position in Avery Dennison Corporation $AVY

Key Points

• Krilogy Financial acquired 8,051 Avery Dennison shares worth approximately $1.37 million during the third quarter. Institutional investors collectively own 94.17% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $199.10; seven analysts rate the stock Buy and three rate it Hold.
• Avery Dennison recently reported adjusted earnings of $2.89 per share, beating estimates by $0.42, while revenue increased 10.9% year over year to $2.46 billion. The company also pays a quarterly dividend of $1.00, equating to a 2.3% yield.

Krilogy Financial LLC acquired a new stake in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 8,051 shares of the industrial products company's stock, valued at approximately $1,374,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. bought a new position in Avery Dennison in the second quarter worth approximately $1,052,464,000. Wellington Management Group LLP boosted its position in Avery Dennison by 9.1% during the 2nd quarter. Wellington Management Group LLP now owns 5,788,479 shares of the industrial products company's stock valued at $939,760,000 after acquiring an additional 482,054 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Avery Dennison by 1.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 956,886 shares of the industrial products company's stock valued at $155,350,000 after acquiring an additional 17,769 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Avery Dennison by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 879,056 shares of the industrial products company's stock valued at $151,766,000 after acquiring an additional 21,044 shares in the last quarter. Finally, Bank of America Corp DE purchased a new position in shares of Avery Dennison in the 2nd quarter valued at $142,169,000. 94.17% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Nicholas Colisto sold 3,886 shares of the company's stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $170.68, for a total transaction of $663,262.48. Following the transaction, the senior vice president directly owned 7,126 shares of the company's stock, valued at $1,216,265.68. This represents a 35.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Ignacio J. Walker sold 1,742 shares of the company's stock in a transaction dated 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 directly owned 7,585 shares in the company, valued at $1,301,661.85. This represents a 18.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.81% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AVY shares. Truist Financial decreased their price objective on Avery Dennison from $209.00 to $208.00 and set a "buy" rating for the company in a research note on Monday. Bank of America reaffirmed a "buy" rating on shares of Avery Dennison in a research report on Friday, August 14th. Citigroup lifted their target price on Avery Dennison from $184.00 to $186.00 and gave the company a "neutral" rating in a research note on Friday, July 31st. Weiss Ratings upgraded shares of Avery Dennison from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. Finally, UBS Group boosted their target price on shares of Avery Dennison from $218.00 to $225.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $199.10.

Avery Dennison Trading Up 2.3%

NYSE:AVY opened at $175.88 on Friday. Avery Dennison Corporation has a 52 week low of $152.42 and a 52 week high of $199.54. The firm has a 50 day moving average of $173.92 and a 200 day moving average of $167.12. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $13.33 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 2.07 and a beta of 0.79.

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

Avery Dennison Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd were given a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, September 2nd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.3%. Avery Dennison's dividend payout ratio (DPR) is presently 43.81%.

About Avery Dennison

Avery Dennison Corporation NYSE: AVY is a global materials science and manufacturing company that develops pressure-sensitive adhesives, functional materials and intelligent labeling solutions. Its products help identify, brand, decorate, track and protect products across a range of industries.

The company serves the apparel, retail, consumer goods, logistics, food, healthcare, automotive and industrial markets. Its offerings include label and graphic materials, self-adhesive tapes, specialty films, RFID inlays and tags, apparel labels, retail branding systems, packaging solutions and healthcare-related materials.

Avery Dennison was founded in 1935 by R.

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