Avery Dennison (NYSE:AVY) Stock Unloaded Rep. Robert Bresnahan, Jr.

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Avery Dennison Co. NYSE: AVY. In a filing disclosed on May 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in Avery Dennison stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of Texas Instruments NASDAQ: TXN on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
• Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.

Avery Dennison Stock Performance

Avery Dennison stock traded down $0.84 during mid-day trading on Tuesday, reaching $182.51. 68,109 shares of the stock traded hands, compared to its average volume of 794,439. The stock has a market capitalization of $14.27 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 2.07 and a beta of 0.88. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.08 and a quick ratio of 0.73. The business's 50-day moving average is $173.79 and its 200-day moving average is $186.22. Avery Dennison Co. has a 12-month low of $157.00 and a 12-month high of $233.48.

Avery Dennison (NYSE:AVY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $2.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.32 by ($0.02). Avery Dennison had a net margin of 8.05% and a return on equity of 33.06%. The company had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.15 billion. During the same period last year, the business earned $2.29 earnings per share. The company's quarterly revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts predict that Avery Dennison Co. will post 9.96 EPS for the current fiscal year.

Avery Dennison Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 2.06%. This is a boost from Avery Dennison's previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, June 4th. Avery Dennison's dividend payout ratio is presently 43.32%.

Institutional Investors Weigh In On Avery Dennison

Large investors have recently added to or reduced their stakes in the stock. Nordea Investment Management AB raised its holdings in shares of Avery Dennison by 485.2% in the fourth quarter. Nordea Investment Management AB now owns 35,630 shares of the industrial products company's stock valued at $6,715,000 after acquiring an additional 29,541 shares in the last quarter. Meyer Handelman Co. purchased a new position in Avery Dennison during the 4th quarter valued at about $4,263,000. Fifth Third Wealth Advisors LLC bought a new stake in shares of Avery Dennison in the 4th quarter valued at about $218,000. Merit Financial Group LLC purchased a new stake in shares of Avery Dennison in the 4th quarter worth approximately $203,000. Finally, AdvisorNet Financial Inc boosted its stake in shares of Avery Dennison by 18.8% during the fourth quarter. AdvisorNet Financial Inc now owns 367 shares of the industrial products company's stock valued at $69,000 after purchasing an additional 58 shares in the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Avery Dennison

In other news, Chairman Mitchell R. Butier sold 12,969 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $181.85, for a total value of $2,358,412.65. Following the sale, the chairman now directly owns 303,331 shares in the company, valued at approximately $55,160,742.35. This trade represents a 4.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.84% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on AVY. Jefferies Financial Group started coverage on shares of Avery Dennison in a report on Tuesday, April 22nd. They set a "hold" rating and a $175.00 price objective for the company. Barclays decreased their price objective on Avery Dennison from $225.00 to $210.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Robert W. Baird cut their target price on shares of Avery Dennison from $220.00 to $210.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Truist Financial reduced their target price on shares of Avery Dennison from $215.00 to $210.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, BMO Capital Markets decreased their price objective on Avery Dennison from $226.00 to $216.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Avery Dennison currently has an average rating of "Moderate Buy" and a consensus price target of $206.60.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

Avery Dennison Company Profile

Avery Dennison Corporation operates as a materials science and digital identification solutions company in the United States, Europe, the Middle East, North Africa, Asia, Latin, America, and internationally. It provides pressure-sensitive materials comprising papers, plastic films, metal foils, and fabrics; performance tapes products, including tapes for wire harnessing, as well as cable wrapping for automotive, electrical, and general industrial applications; mechanical fasteners, which are precision-extruded and injection-molded plastic devices used in various automotive, general industrial, and retail applications; and other pressure-sensitive adhesive-based materials and converted products under the Fasson, JAC, Yongle, and Avery Dennison brands.