OMERS ADMINISTRATION Corp Invests $3.29 Million in Avery Dennison Corporation $AVY

Key Points

• OMERS Administration Corp. bought a new $3.29 million stake in Avery Dennison during the second quarter, purchasing 20,281 shares. Institutional investors collectively own 94.17% of the company.
• Avery Dennison reported strong quarterly results, with EPS of $2.89 versus the $2.47 consensus and revenue of $2.46 billion, up 10.9% year over year. The company also issued third-quarter 2026 EPS guidance of $10.00–$10.30.
• The company declared a quarterly dividend of $1.00 per share, equivalent to an annualized $4.00 payout and a 2.2% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $201.22.

OMERS ADMINISTRATION Corp purchased a new stake in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 20,281 shares of the industrial products company's stock, valued at approximately $3,293,000.

A number of other hedge funds also recently bought and sold shares of AVY. Coldstream Capital Management Inc. raised its holdings in Avery Dennison by 2.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,163 shares of the industrial products company's stock worth $393,000 after buying an additional 54 shares during the last quarter. Huntington National Bank grew its holdings in shares of Avery Dennison by 3.2% during the fourth quarter. Huntington National Bank now owns 1,832 shares of the industrial products company's stock valued at $333,000 after buying an additional 56 shares during the last quarter. Resources Management Corp CT ADV increased its position in shares of Avery Dennison by 0.8% during the second quarter. Resources Management Corp CT ADV now owns 7,800 shares of the industrial products company's stock valued at $1,369,000 after acquiring an additional 62 shares in the last quarter. Rothschild Investment LLC increased its position in shares of Avery Dennison by 22.9% during the fourth quarter. Rothschild Investment LLC now owns 387 shares of the industrial products company's stock valued at $70,000 after acquiring an additional 72 shares in the last quarter. Finally, Root Financial Partners LLC lifted its position 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 acquiring an additional 73 shares in the last quarter. Institutional investors own 94.17% of the company's stock.

Insiders Place Their Bets

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 completion of the sale, the senior vice president directly owned 7,585 shares of the company's stock, valued at $1,301,661.85. This represents a 18.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.81% of the stock is owned by corporate insiders.

Avery Dennison Trading Down 1.9%

Shares of Avery Dennison stock opened at $180.12 on Wednesday. Avery Dennison Corporation has a 1-year low of $152.42 and a 1-year high of $199.54. The company's fifty day simple moving average is $167.64 and its 200-day simple moving average is $170.09. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 0.79. The stock 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 posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.89 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $2.30 billion. During the same period in the prior year, the business posted $2.42 EPS. Avery Dennison's revenue 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 earnings per share for the current year.

Avery Dennison Dividend Announcement

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

Analyst Ratings Changes

AVY has been the subject of a number of research analyst reports. UBS Group lifted their target price on Avery Dennison from $218.00 to $225.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Truist Financial dropped their price objective on Avery Dennison from $221.00 to $209.00 and set a "buy" rating on the stock in a research report on Wednesday, July 15th. Bank of America reiterated a "buy" rating on shares of Avery Dennison in a report on Friday, August 14th. Weiss Ratings upgraded shares of Avery Dennison from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Finally, Citigroup increased their target price on Avery Dennison from $184.00 to $186.00 and gave the company a "neutral" rating in a report on Friday, July 31st. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $201.22.

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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