4,997 Shares in Avery Dennison Corporation $AVY Purchased by Essex LLC

Essex LLC purchased a new position in shares of Avery Dennison Corporation (NYSE:AVY) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,997 shares of the industrial products company’s stock, valued at approximately $853,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Trust Co. of Vermont purchased a new stake in shares of Avery Dennison during the second quarter worth $27,000. Elevation Wealth Partners LLC raised its position in Avery Dennison by 684.0% during the second quarter. Elevation Wealth Partners LLC now owns 196 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 171 shares in the last quarter. Roxbury Financial LLC acquired a new stake in Avery Dennison in the second quarter valued at approximately $40,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Avery Dennison in the second quarter worth $40,000. Finally, Miller Global Investments LLC bought a new stake in Avery Dennison in the third quarter worth $48,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Avery Dennison Stock Performance

Shares of Avery Dennison stock traded up $1.08 during midday trading on Wednesday, hitting $171.80. The company had a trading volume of 777,542 shares, compared to its average volume of 747,675. Avery Dennison Corporation has a 1-year low of $152.42 and a 1-year high of $199.54. The business’s 50 day simple moving average is $173.95 and its two-hundred day simple moving average is $167.04. The stock has a market cap of $13.02 billion, a PE ratio of 18.82, a P/E/G ratio of 2.02 and a beta of 0.79. 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) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.47 by $0.42. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.30 billion. Avery Dennison had a return on equity of 34.60% and a net margin of 7.62%. The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.42 earnings per share. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. As a group, equities analysts predict that Avery Dennison Corporation will post 10.15 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd were paid a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, September 2nd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.3%. Avery Dennison’s dividend payout ratio is 43.81%.

Insider Activity at Avery Dennison

In other Avery Dennison news, SVP Ignacio J. Walker sold 1,742 shares of Avery Dennison stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $171.61, for a total value of $298,944.62. Following the sale, the senior vice president owned 7,585 shares of the company’s stock, valued at $1,301,661.85. This trade represents a 18.68% decrease in their position. The transaction 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 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 value of $663,262.48. Following the completion of the sale, the senior vice president owned 7,126 shares in the company, valued at $1,216,265.68. The trade was a 35.29% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.81% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AVY has been the topic of several recent research reports. Jefferies Financial Group restated a “hold” rating and set a $181.00 target price on shares of Avery Dennison in a report on Monday, September 28th. Truist Financial lowered their price objective on Avery Dennison from $209.00 to $208.00 and set a “buy” rating on the stock in a report on Monday. UBS Group raised their price objective on Avery Dennison from $218.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Citigroup boosted their target price on Avery Dennison from $184.00 to $186.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Finally, Wall Street Zen raised Avery Dennison from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $199.10.

Avery Dennison Profile

Avery Dennison Corporation (NYSE: AVY) is a global materials science and manufacturing company that develops pressure-sensitive adhesives, functional materials and intelligent labeling solutions. Its products help identify, brand, decorate, track and protect products across a range of industries.

The company serves the apparel, retail, consumer goods, logistics, food, healthcare, automotive and industrial markets. Its offerings include label and graphic materials, self-adhesive tapes, specialty films, RFID inlays and tags, apparel labels, retail branding systems, packaging solutions and healthcare-related materials.

Avery Dennison was founded in 1935 by R.