Squarepoint Ops LLC Buys 28,815 Shares of Avery Dennison Corporation $AVY

Key Points

• Squarepoint Ops LLC increased its Avery Dennison stake by 1,402.2% in the second quarter, purchasing 28,815 shares to own 30,870 shares valued at approximately $5.0 million. Institutional investors collectively hold 94.17% of the company.
• Avery Dennison reported strong quarterly results, with EPS of $2.89 and revenue of $2.46 billion, exceeding analyst estimates; revenue rose 10.9% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $201.22.
• The company declared a quarterly dividend of $1.00 per share, equivalent to $4.00 annually and a 2.4% yield. An insider separately sold 1,742 shares for roughly $299,000.

Squarepoint Ops LLC grew its stake in Avery Dennison Corporation (NYSE:AVY - Free Report) by 1,402.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,870 shares of the industrial products company's stock after purchasing an additional 28,815 shares during the period. Squarepoint Ops LLC's holdings in Avery Dennison were worth $5,012,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AVY. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its position in shares of Avery Dennison by 184.0% in the 4th quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 14,200 shares of the industrial products company's stock worth $2,583,000 after acquiring an additional 9,200 shares during the period. Eurizon Capital SGR S.p.A. bought a new stake in shares of Avery Dennison during the fourth quarter valued at approximately $4,319,000. Arbejdsmarkedets Tillaegspension acquired a new position in shares of Avery Dennison in the fourth quarter valued at $24,461,000. Kepler Cheuvreux Suisse SA acquired a new position in shares of Avery Dennison in the first quarter valued at $1,158,000. Finally, Ilmarinen Mutual Pension Insurance Co bought a new position in Avery Dennison in the fourth quarter worth $2,364,000. Institutional investors and hedge funds own 94.17% of the company's stock.

Avery Dennison Stock Performance

Avery Dennison stock opened at $169.49 on Friday. The firm has a market capitalization of $12.85 billion, a P/E ratio of 18.56, a P/E/G ratio of 2.04 and a beta of 0.81. The stock has a fifty day moving average price of $170.76 and a two-hundred day moving average price of $168.47. Avery Dennison Corporation has a 52-week low of $152.42 and a 52-week high of $199.54. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 0.79.

Avery Dennison (NYSE:AVY - Get Free Report) last issued its earnings results on Thursday, July 30th. The industrial products company reported $2.89 EPS 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 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 firm's revenue for the quarter 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, analysts anticipate that Avery Dennison Corporation will post 10.15 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

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 paid a $1.00 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.4%. Avery Dennison's payout ratio is 43.81%.

Insider Activity

In other news, SVP Ignacio Walker sold 1,742 shares of the business's stock in a transaction that occurred on Tuesday, August 4th. The stock was 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 of the company's stock, valued at $1,301,661.85. The trade was a 18.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.81% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AVY shares. UBS Group boosted their price target on shares of Avery Dennison from $218.00 to $225.00 and gave the company a "buy" rating in a report on Friday, July 31st. Citigroup raised their price objective on shares of Avery Dennison from $184.00 to $186.00 and gave the stock a "neutral" rating in a report on Friday, July 31st. Truist Financial lowered their target price on shares of Avery Dennison from $221.00 to $209.00 and set a "buy" rating on the stock in a research note on Wednesday, July 15th. Weiss Ratings raised shares of Avery Dennison from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Finally, Argus set a $175.00 price target on shares of Avery Dennison in a research note on Thursday, June 4th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Avery Dennison presently has an average rating of "Moderate Buy" and a consensus price target of $201.22.

About Avery Dennison

Avery Dennison Corporation NYSE: AVY is a global materials science and manufacturing company that develops labeling, packaging, graphics, and functional material solutions. Its products are used by businesses in industries including retail, apparel, food and beverage, logistics, healthcare, automotive, and industrial manufacturing.

The company's offerings include pressure-sensitive label and packaging materials, graphic films, reflective materials, specialty tapes, performance polymers, and other adhesive products.

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