Polar Asset Management Partners Inc. Purchases Shares of 31,129 Avery Dennison Corporation $AVY

Key Points

• Polar Asset Management purchased 31,129 Avery Dennison shares worth approximately $5.05 million in the second quarter. Institutional investors and hedge funds collectively own 94.17% of the company.
• Analyst sentiment is positive, with seven Buy ratings and two Holds; Avery Dennison has a consensus “Moderate Buy” rating and an average price target of $201.22.
• Avery Dennison beat quarterly earnings estimates with $2.89 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, representing a 2.2% yield.

Polar Asset Management Partners Inc. purchased a new stake in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 31,129 shares of the industrial products company's stock, valued at approximately $5,054,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Jupiter Topco LLC bought a new position in Avery Dennison in the 2nd quarter worth approximately $1,404,000. J. Goldman & Co LP bought a new stake in Avery Dennison during the 2nd quarter valued at $21,475,000. Hsbc Holdings PLC bought a new stake in Avery Dennison during the 2nd quarter valued at $24,187,000. Expect Equity LLC acquired a new position in Avery Dennison during the 2nd quarter worth $2,054,000. Finally, Palisade Capital Management LP bought a new position in shares of Avery Dennison in the second quarter worth $1,371,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. 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. JPMorgan Chase & Co. increased 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. Wall Street Zen upgraded shares of Avery Dennison from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Argus set a $175.00 price objective on shares of Avery Dennison in a report on Thursday, June 4th. Finally, UBS Group raised their price objective on shares of Avery Dennison from $218.00 to $225.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Avery Dennison presently has an average rating of "Moderate Buy" and a consensus price target of $201.22.

Insider Activity

In related news, SVP Ignacio J. Walker sold 1,742 shares of the company's stock in a transaction that occurred 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 owned 7,585 shares in the company, valued at approximately $1,301,661.85. This represents a 18.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.81% of the stock is owned by corporate insiders.

Avery Dennison Stock Down 1.9%

Shares of Avery Dennison stock opened at $180.12 on Wednesday. Avery Dennison Corporation has a 12-month low of $152.42 and a 12-month high of $199.54. The firm has a market capitalization of $13.65 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 2.34 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. The stock's fifty day moving average is $167.64 and its 200-day moving average is $170.09.

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 firm had revenue of $2.46 billion for the quarter, compared to analysts' expectations of $2.30 billion. Avery Dennison had a return on equity of 34.60% and a net margin of 7.62%.Avery Dennison's revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the business posted $2.42 EPS. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. Equities analysts anticipate that Avery Dennison Corporation will post 10.15 earnings per share for the current year.

Avery Dennison Announces Dividend

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

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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