Wolverine Asset Management LLC Acquires Shares of 14,000 Avery Dennison Corporation $AVY

Key Points

• Wolverine Asset Management acquired a new stake of 14,000 shares in Avery Dennison during Q4, valued at about $2.546 million, as institutional ownership of the company sits at 94.17%.
• Insiders have been net sellers, disposing of 34,156 shares worth $5.93 million in the last 90 days — including Director Mitchell R. Butier's sale of 13,000 shares — leaving insiders with roughly 0.81% ownership.
• Avery Dennison beat quarterly EPS estimates ($2.47 vs. $2.41) with revenue up 7%, set Q2 guidance of $2.43–$2.53, and raised its quarterly dividend to $1.00 (annualized $4.00, ~2.5% yield); analysts' consensus is a "Moderate Buy" with an average target of $204.11.

Wolverine Asset Management LLC acquired a new stake in Avery Dennison Corporation (NYSE:AVY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,000 shares of the industrial products company's stock, valued at approximately $2,546,000.

Several other hedge funds also recently bought and sold shares of AVY. Wellington Management Group LLP grew its position in Avery Dennison by 12.5% in the 3rd quarter. Wellington Management Group LLP now owns 5,808,960 shares of the industrial products company's stock valued at $942,039,000 after acquiring an additional 644,664 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in Avery Dennison in the 3rd quarter valued at $74,942,000. Ameriprise Financial Inc. grew its position in Avery Dennison by 30.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,841,191 shares of the industrial products company's stock valued at $298,613,000 after acquiring an additional 435,156 shares during the last quarter. Vanguard Group Inc. grew its position in Avery Dennison by 3.6% in the 3rd quarter. Vanguard Group Inc. now owns 10,379,137 shares of the industrial products company's stock valued at $1,683,185,000 after acquiring an additional 361,231 shares during the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich bought a new position in Avery Dennison in the 3rd quarter valued at $51,443,000. Institutional investors own 94.17% of the company's stock.

Insider Transactions at Avery Dennison

In related news, Director Mitchell R. Butier sold 13,000 shares of the firm's stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $171.50, for a total transaction of $2,229,500.00. Following the sale, the director owned 198,147 shares of the company's stock, valued at $33,982,210.50. This trade represents a 6.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Ignacio J. Walker sold 1,156 shares of the firm's stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $192.95, for a total value of $223,050.20. Following the sale, the senior vice president directly owned 7,588 shares in the company, valued at approximately $1,464,104.60. The trade was a 13.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 34,156 shares of company stock worth $5,930,150. 0.81% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AVY shares. Citigroup cut their price objective on Avery Dennison from $190.00 to $185.00 and set a "neutral" rating on the stock in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft initiated coverage on Avery Dennison in a research report on Wednesday, April 1st. They set a "buy" rating and a $200.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on Avery Dennison from $205.00 to $185.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 29th. UBS Group dropped their price target on Avery Dennison from $226.00 to $222.00 and set a "buy" rating on the stock in a research report on Friday, April 10th. Finally, Truist Financial reissued a "buy" rating and set a $221.00 price target (down from $223.00) on shares of Avery Dennison in a research report on Wednesday, April 29th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $204.11.

Avery Dennison Price Performance

AVY opened at $160.28 on Tuesday. Avery Dennison Corporation has a 12-month low of $156.23 and a 12-month high of $199.54. The business's fifty day simple moving average is $174.26 and its 200-day simple moving average is $178.19. The company has a market capitalization of $12.33 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 2.80 and a beta of 0.84. The company has a current ratio of 1.15, a quick ratio of 0.80 and a debt-to-equity ratio of 1.38.

Avery Dennison (NYSE:AVY - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share for the quarter, beating analysts' consensus estimates of $2.41 by $0.06. Avery Dennison had a return on equity of 33.69% and a net margin of 7.66%.The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter last year, the company earned $2.30 earnings per share. The firm's revenue for the quarter was up 7.0% compared to the same quarter last year. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. On average, equities research analysts anticipate that Avery Dennison Corporation will post 10.06 earnings per share for the current fiscal year.

Avery Dennison Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This is an increase from Avery Dennison's previous quarterly dividend of $0.94. This represents a $4.00 dividend on an annualized basis and a yield of 2.5%. Avery Dennison's dividend payout ratio is 45.10%.

Avery Dennison Company 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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