Sumitomo Mitsui DS Asset Management Company Ltd Acquires 5,563 Shares of Avery Dennison Corporation $AVY

Key Points

• Sumitomo Mitsui DS Asset Management increased its Avery Dennison stake by 60.6% in the third quarter, purchasing 5,563 additional shares and bringing its holdings to 14,740 shares valued at approximately $2.5 million.
• Institutional investors own 94.17% of Avery Dennison, while analysts maintain a generally positive outlook. The stock has a “Moderate Buy” consensus rating and an average price target of $199.10.
• Avery Dennison recently exceeded earnings expectations, reporting $2.89 in quarterly EPS versus the $2.47 consensus and revenue of $2.46 billion, up 10.9% year over year. However, two senior vice presidents sold shares, and insiders own just 0.81% of the company.

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Avery Dennison Corporation (NYSE:AVY - Free Report) by 60.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,740 shares of the industrial products company's stock after buying an additional 5,563 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Avery Dennison were worth $2,516,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Family Wealth Partners LLC purchased a new stake in Avery Dennison during the 3rd quarter worth about $128,000. CWA Asset Management Group LLC bought a new position in Avery Dennison in the 3rd quarter worth about $131,000. Investment Research Partners LLC bought a new position in Avery Dennison in the 3rd quarter worth about $224,000. Kaufman Rossin Wealth LLC purchased a new position in Avery Dennison during the 3rd quarter valued at about $128,000. Finally, Generali Investments Management Co LLC purchased a new position in Avery Dennison during the 3rd quarter valued at about $815,000. Institutional investors own 94.17% of the company's stock.

Wall Street Analysts Forecast Growth

AVY has been the topic of several analyst reports. Jefferies Financial Group reiterated a "hold" rating and set a $181.00 price target on shares of Avery Dennison in a research report on Monday, September 28th. UBS Group upped 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. Citigroup upped their target price 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. JPMorgan Chase & Co. increased their target price on shares of Avery Dennison from $185.00 to $190.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Finally, Wall Street Zen raised shares of Avery Dennison from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Avery Dennison presently has a consensus rating of "Moderate Buy" and an average target price of $199.10.

Insider Activity

In related news, SVP Ignacio J. Walker sold 1,742 shares of the firm'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 sale, the senior vice president directly owned 7,585 shares of the company's stock, valued at $1,301,661.85. This trade 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 through the SEC website. Also, SVP Nicholas Colisto sold 3,886 shares of Avery Dennison stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $170.68, for a total transaction of $663,262.48. Following the sale, the senior vice president owned 7,126 shares of the company's stock, valued at approximately $1,216,265.68. The trade was a 35.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.81% of the stock is currently owned by insiders.

Avery Dennison Price Performance

Avery Dennison stock opened at $184.34 on Friday. Avery Dennison Corporation has a 52 week low of $152.42 and a 52 week high of $199.54. The business has a 50-day simple moving average of $173.88 and a 200 day simple moving average of $167.37. 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 cap of $13.97 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 2.15 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, topping analysts' consensus estimates of $2.47 by $0.42. Avery Dennison had a return on equity of 34.60% and a net margin of 7.62%. The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same period in the prior year, the company earned $2.42 EPS. The company's quarterly 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. On average, research analysts forecast that Avery Dennison Corporation will post 10.15 earnings per share for the current fiscal year.

Avery Dennison Company Profile

Avery Dennison Corporation NYSE: AVY is a global materials science and manufacturing company that develops and produces labeling, packaging, graphic, and functional materials. Its products are used by businesses across industries including consumer goods, retail, logistics, apparel, automotive, healthcare, and industrial manufacturing.

The company's offerings include pressure-sensitive labels and label materials, adhesives, industrial and specialty tapes, graphic films, and packaging materials.

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