Nicholas Colisto Sells 3,886 Shares of Avery Dennison (NYSE:AVY) Stock

Key Points

• Insider sale: Avery Dennison SVP Nicholas Colisto sold 3,886 shares for approximately $663,262, reducing his ownership by 35.29% to 7,126 shares.
• Strong quarterly results: The company reported quarterly EPS of $2.89, beating estimates by $0.42, while revenue rose 10.9% year over year to $2.46 billion.
• Investor outlook remains positive: Avery Dennison declared a $1.00 quarterly dividend, equivalent to a 2.3% yield, and analysts maintain a “Moderate Buy” consensus with an average price target of $201.22.

Avery Dennison Corporation (NYSE:AVY - Get Free Report) SVP Nicholas Colisto sold 3,886 shares of the business's 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 $1,216,265.68. This trade represents a 35.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Avery Dennison Stock Performance

AVY stock traded up $0.84 during midday trading on Wednesday, reaching $172.36. 1,046,575 shares of the company's stock traded hands, compared to its average volume of 745,783. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 1.37. Avery Dennison Corporation has a 52-week low of $152.42 and a 52-week high of $199.54. The stock has a market cap of $13.06 billion, a P/E ratio of 18.88, a PEG ratio of 2.07 and a beta of 0.81. The stock's 50-day moving average is $171.00 and its 200 day moving average is $167.94.

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 the consensus estimate of $2.47 by $0.42. The business had revenue of $2.46 billion for the quarter, compared to analysts' expectations of $2.30 billion. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. The company's revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.42 EPS. 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 year.

Avery Dennison Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be given a $1.00 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $4.00 dividend on an annualized basis and a yield of 2.3%. Avery Dennison's dividend payout ratio is presently 43.81%.

Institutional Trading of Avery Dennison

Institutional investors have recently made changes to their positions in the business. Talon Private Wealth LLC purchased a new position in Avery Dennison during the second quarter worth $209,000. Tidal Investments LLC raised its stake in shares of Avery Dennison by 23.8% in the second quarter. Tidal Investments LLC now owns 14,802 shares of the industrial products company's stock valued at $2,403,000 after acquiring an additional 2,850 shares during the period. Squarepoint Ops LLC raised its stake in shares of Avery Dennison by 1,402.2% in the second quarter. Squarepoint Ops LLC now owns 30,870 shares of the industrial products company's stock valued at $5,012,000 after acquiring an additional 28,815 shares during the period. Arizona State Retirement System lifted its holdings in shares of Avery Dennison by 5.0% in the 2nd quarter. Arizona State Retirement System now owns 22,053 shares of the industrial products company's stock worth $3,580,000 after acquiring an additional 1,049 shares during the last quarter. Finally, Empirical Finance LLC boosted its stake in shares of Avery Dennison by 3.2% during the 2nd quarter. Empirical Finance LLC now owns 2,935 shares of the industrial products company's stock worth $476,000 after purchasing an additional 90 shares during the period. Hedge funds and other institutional investors own 94.17% of the company's stock.

Analysts Set New Price Targets

AVY has been the topic of a number of analyst reports. Weiss Ratings raised Avery Dennison from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Citigroup raised their target price on shares of Avery Dennison from $184.00 to $186.00 and gave the stock a "neutral" rating in a research note on Friday, July 31st. Wall Street Zen raised shares of Avery Dennison from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. JPMorgan Chase & Co. upped their price target on shares of Avery Dennison from $185.00 to $190.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Finally, UBS Group increased their price objective on shares of Avery Dennison from $218.00 to $225.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Avery Dennison presently has a consensus rating of "Moderate Buy" and an average target price of $201.22.

Avery Dennison Company Profile

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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